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Strobot III is finally complete, a MAJOR rewrite of Strobot. It now uses the Ichimoku cloud to trade on 3 time frames at once.
Existing Strobot Users with life memberships can get the upgrade. If you would like a life membership I’m selling them for $1000 USD which includes support. But I am limiting the number of users to 10 for now. So that I can provide better support.
I am very very pleased with his performance so far.
STROBOT has a number of different modes, these are all automatic and the artificial intelligence lets him decide which mode to choose.
This is a demonstration of multi trade mode, you can see he has the old trade on from a few days ago and gets a new signal so uses the profit from the old trade to cover the entry for the new, both with the same TP.
His other modes include hedging mode which happens when he senses a possible change in market direction. He applies this to 40 or so currency pairs at once.
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
So Strobot placed a USDCAD short yesterday that is 59 pips against us at the moment but appears to be pulling downwards.
The trade makes good sense let’s look at the daily chart.
As you can see the pair is very high – Fib wise near the top, it’s been in a bearish wedge for the last 5 or so trading days. Our short entry was actually taken early by a pin bouncing down and then back up again – not to worry 9 times out of 10 these pin bars indicate the market is going to move in that direction.
The hourly chart we can see STROBOT’s target (the bottom white dotted line), we can also see the market showing signs of moving bearish again – the market LOOKS like it wants to come down having rejected 1.26190 and then 1.26075.
I wait to see what happens but I hope STROBOT will be yet again proved right.
Update (12 hours later)
So we stopped out – but STRobot was actually right and placed another trade which will shortly not only cover the loss but make a profit overall
Now that is pretty cool trading!
Get ready to close off those USD trades unless you are safe (STROBOT moves the entry inside the STOP).
We’re expecting positive employment data today from the USA which might explain the happy climb of USDJPY this morning. STRobot put a trade on just before midnight last night (23:49) . So as it’s VERY safe and I can’t lose the trade I’ll just sit in and ride out NFP, the other trades are AUDCAD short and AUDNZD short neither of which are moving and have sat flat a long while.
I would err on the side of caution and close trades if the have USD in them but we shall see how the numbers bare out.
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
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