Forex blog: Forex Blog by Lloyd (3 сообщения)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
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Forex AutoCash Robot Trades 9 Years With No Losers - Let's Investigate
It's a bit far fetched don't you think? The Forex Autocash Robot by John Burroughs is not released yet but there are already a pre-release video and a written document boasting the following claim:
The Most Advanced Forex Robot In Existence... The Perfect Automatic Trading Solution... A World Record Of Almost 9 Years With NO Losing Trades (Up To This Very Second!)
How does the robot works? According to John:
The Key To Raking Thousands Of Dollars Per Day Trading Forex Is Accurately Catching Small Price Swings… Day In And Day Out...Each of those small swings offered a profit potential... a HUGE profit potential. We're talking about $300, $400, $500 or more per swing.
I do have some other queries about the system. Does the forex autocash robot actually use scalping as its trading strategy to lock in fast profits? If that's the case, what is the minimum bankroll needed to start and what's the maximum drawdown during the 9 year period? I'm just too curious to find out. I have to start digging later since you won't find some straight answers from the website.

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Newstrader EA Trading Review - A Tight Trading Game with 30-pip Stop Loss and the Biggest Winner Up-to-date
The Newstrader system had been caught out by a larger-than-expected "high-low" swing in today's news trading action. Let's revisit the USD/CAD market after the releases of GDP and RMPI figures. The Newstrader employed a tight stop-loss (SL) level of 30 pips soon after its entry. As shown below, the position was stopped out in today's market conditions.

Long USD/CAD for -30 & -30 pips; SL = 30

I wish I were there just to put on an extra few "emergency pips", in order to hold out this type of "fake" swing. I should have profited 100 pips if SL =35 pips was set (see results below - this would provide a rather different scenario with good return instead). The price was seen rising further after the final exit.

Long USD/CAD for +25 & 74 pips; SL = 35

Despite having a strong benchmark results with SL = 30, and may be for the sake of peace of mind, perhaps it's a good idea for myself to throw in a few extra pips in my future trades.

On the other hand, the Newstrader EA had produced the biggest winner up-to-date with the latest entry in the GBP/USD market for today's US Consumer Confidence data. The program managed to lock in a total of 145 pips in less than 15 minutes. A sweet revenge over early system setback.

Short GBP/USD for +25 & 120 pips; SL = 30

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100-pip Trading Setups that Everyone Loves to Score With
Below are two MT4 forex charts that show our entries in today's EUR/USD and GBP/USD markets using the provided 100-pip EA program.
- Bottom Fishing In US Session and Good Pay-Off Monday
- Find Out More about ScoutForex Day Trading Room
Earlier, we saw the Euro and Pound plunging heavily in the European Session. We were able to take advantage of the several strong technical setups which were present during the US trading session. As a result, we bought both the Euro and Pound and scored well with those two setups (see results below).

Long EUR/USD @ 1.4372 (Final results +137 pips)

Long GBP/USD @ 1.8044 (Final results +78 pips)
I also received comments from other 100-pip system users about today's market action. DTS subscriber, Alan has recently decided to add and run both the 100-pip and Newstrader EA programs as part of his new day trading routine. Let's hear from his perspective.

Alan & Tracey: "Used the 100-pip EA today for the first time and we are still smiling. What a great system. We did start off with a scare though - we stuffed up our lot size and then panicked when it initially went against us. Of course the inevitable, the second we closed out it turned in our favour. Never mind, even with our mess up we still finished with a fantastic result - plus we've learnt the hard way how to enter the lot size (we thought the figured entered would be divided between the 2 trades)."

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