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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.
I run STRobot my trading robot on 3 different trading accounts. What puzzled me is how he performed better on one account than all the others.
I am currently gathering evidence to why. But here was something very shocking. I added the spread in pips to our STRobot Heiken Ashi cart.
When the markets close (at weekends), I have noticed that some brokers seem to move the price of their currency artificially AND ramp up their spread.
Let me demonstrate with some charts all taken as screen dumps at the same time.
The first one is my broker USGFX, they are in Australia and are highly regulated. You will see their NZDJPY chart sits at a rather respectable 4 pip spread.
This is BelforFX look at the last candle! What is it doing down there, and the spread is a horrendous 35.50 pips!!!!
Lastly here’s CaesarTrade who are just as bad!
My main account now will be USGFX
Click here for a link to USGFX website – incidentally they also offer a DEBIT CARD with which to draw your profits!