Fixed a bug and now this….

Here are this weeks trading results from 2 accounts from different brokers.

300841 – PDF

and

9015938 – PDF

 

I think the results speak for themselves. Basically Strobot is now at the point that I can leave him alone. He trades every currency pair there is on MT4.

Using 700 pip baskets (yes 700 pips).

I found a bug in strobot and tuned up some of the entry criteria and here we are!

Happy Days! Happy Profits! Well done strobot

http://www.strobot.rocks

STROBOT Short GBPJPY

STRobot has taken an interesting short on GBPJPY it looks like a nice bounce off of the 38.2% fib level targeting the 61.8%. We have Carney speaking later do we have a head and shoulders reversal in progress?

I have also marked the Buy/SELL STRobot signals on this chart so you can see what it does. STRobot ofcourse trades automatically using entry orders. So the fake ones tend to be taken out because they never happen.

As you can see STRobot has a number of good entries on this chart – not forgetting he trades 40 currency pairs.

Update

 

Target reached. Closed @ 62.50 pips profit!

http://www.strobot.rocks

 

STRobot comes of age

I’m sorry I’ve not been able to write for the blog. I’ve been working with some great traders who have been bringing ideas to the table. This is now implemented and STRobot has moved to another level.

The following video just explains just what I’ve been up to.

http://strobot.rocks

Yesterday’s STRobot trade.

So markets are pretty slow and flat as we expect this time of year. But STRobot did pull in 50 pips from this GBPUSD short.

This will probably be our last post before Christmas (you never know!!) so have a great Christmas everyone.

From Paul & STRobot.

 

A sample basket.

So my strobot closed a basket of trades this morning with 150 pips of profit.

I thought I’d post a sample of the trades.

Firstly GBPCHF (this is the one we got into yesterday that I was surprised about).

If you Zoom in you can see it. This is the big winner! 🙂

Long from 1.5125 to 1.51774 GBPCHF

EURCAD we closed with a tiny loss. (part of the basket thing means the big good trades cover the losing trades)

GBPCAD closed with a small profit

NZDUSD short profit

So that’s

NZDUSD – Open 0.78735 – Close – 0.78051
EURCAD – Open 1.41308 – Close – 1.40941
GBPCAD – Open 1.78287 – Close – 1.77547
GBPCHF – Open 1.51245 – Close – 1.51774

Total 150 pips profit..Basket closed

http://www.strobot.co.uk

The problem of spread and flat markets.

It would be so nice, wouldn’t it if we could start from 0.

New traders often don’t realise that every trade they place comes with  a price, the spread, this means you will NEVER enter a trade in profit, for example, if your spread is 2 pips, it means that you have to do 2 pips profit BEFORE you get to take any money.

Thus, if you have 10 trades, you need to make 20 pips before those 10 trades are profitable. (note that spread differs between currency pairs, GBP is normally the most expensive).

To make things MORE difficult, the spread changes based on the movement in the market. Only by a small amount but it is worth noting that it DOES change.

Spread and Emotions

The problem with spread, is that it affects your emotions when trading. Always starting trades negative, if you don’t understand what spread is can be quite off-putting. When in fact it’s just part of trading. Part of the blessings of trading with a robot is that the robot has no emotions. So spread, or starting in a loss it doesn’t care about.

Does it matter?

When you understand it, not really, but brokers with terrible spread will make it harder to make profit if you are trying to take smaller pips, you want 10 pips, but you have to get 12.

When STRobot opens a basket of trades over a few hours, they can hang around the spread, today is an example, the markets are slow, we end up with 10 trades on just sitting still, hovering in a range of 10 pips. We know WHAT it should be doing but it just isn’t.

All you can do is wait for some volatility or participation in the market, when there is no news, this fuels this kind of market, added to that is if there is important news in the next 24 hours. The markets will go into the doldrums while they wait.

Happy trading!

http://www.strobot.co.uk

Monday trading… having a rest after a busy Sunday night

Good morning traders.

The markets are slow at the moment after a busy Sunday night. My USGFX Strobot managed to pull 383 pips so far so that’s not bad but we do seem to have settled into a slow waltz, this is probably as the markets are waiting for ISM Manufacturing @3pm GMT

STRobot’s method of basket trading has proved very effective.

JPY Surprise the market with QE, STROBOT takes 2 baskets last night and one this morning.

Wow – amazing moves in the market with Japanese Quantitate Easing.

STRobot took 3 baskets at 150 pips each overnight. Our baskets are at $150USD so basically when we reach 150 pips in all the trades we go flat closing both winning and losing trades. This can take 2 days or an hour depending on markets.

This means we lock in risk and reward.

So I’m in the 4th basket now in 24 hours. Amazing.

Video later I think!

http://www.strobot.co.uk

(I will confess I wasn’t paying attention with Japanese QE, I was out at some band practice).

EURUSD and an updated demonstration video

Day 3 of our EURUSD short. Initially this morning it wondered back up a while but has been unable to keep going up. My target is not far away. Perhaps today I’ll get it?

On another topic I have an updated demonstration video you can find details at http://www.iwanttobeaforextrader.com