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STROBOT Video trading demonstration
So STROBOT has set up USDCAD and has a trade in currently at 80 pips profit, he has set up another trade at entry 1.23375 for a long.
So he is building trades on existing profits.
The original entry order set at A and the new entry order at B so as we get the break out of the second area of congestion we are able to build up the trade for the new targets.
111pips profit target in the original trade.
Strobot spotted an interesting flat market with GBPAUD and placed an entry order back at 6:30am this morning, the trade took and has broken quite an important level so is now rallied up, we are 67 pips in profit with a target of 240 pips at the sub fib level (this is essentially a 61.8% fib level sitting between the daily 23.6% and 61.8%), STRobot sometimes uses these levels.
Annoyingly while I was writing the post we got up to 81 pips
Starting to day with the hourly chart on one of my live accounts you can see a drop of 100 pips on EURNZD, the FIB LINE 61.8% is our target (just above). STROBOT predicted the fall yesterday in fact and entered the trade @ 21:35 GMT yesterday evening, the pair bounced back up but kept within our stop and has now broken down. Target is a lovely 228 pips.
Here’s the 15 minute chart.
As you can see it’s a great entry and STROBOT has come out of the turn rather nicely.
UPDATE GOLD STAR TO STROBOT
STROBOT just TP’d this trade for 228.10 PIPS Awesome, the pair has now started to bounce back of of the 61.8% fib level.
Sometimes STRobot does really amazing trades check out this FIB level trade where he took an entry from he 23.6 to the 38.2 and closed at target
So strobot took a USDCAD short today yesterday you can see how he caught the break down (B) and then the (H)look back has been protected and now we are into the (G)o for another 50/60 pips. You will notice the trailing stop is held back above the hook automatically.
STRobot adjusts the trailing stop based on the movement in the market, if the stop is too close you miss out on pips profit!
The pair is running at a strength of 14.63%.
You may have noticed I’ve not posted for about a month that’s because I’ve been backtesting and working on a new version of STRobot. It’s been a huge job.
STRobot still uses fib levels for targets. But has a lot more clever things:-
– ability to add to trades to a trade so if he sees opportunities for further trades he will place them once the trade is safe (stop inside entry).
– Better entries
– Trailing stop now trails even when the trade is not in profit to reduce risk
– Entries are based on 4 hour timeframe and 15 minutes at the same time- updated all the indicators.
So let’s look at a live trade I have on.
You can see STROBOT now has a strength meter built into the trading output.
So lets have a look at a trade in detail.STRobot spotted CADJPY for an entry after it had bounced off of the 61.8% fib level. He waited for a break down and took the trade at the point shown, this is the hourly chart and you can see a falling trend. You’ll see how STROBOT identifies 4 hour trends so now he’s looking for a run down to the next fib level @ 38.2% He’ll probably add a few trades as this pair is not moving hugely as we go down.
Here’s the 15 min.
I don’t know how far we will get because the 200 pip target is quite a long way away but we shall see.
Anyway there we go – here comes Monday