Supply Demand EA

Place your new trading idea here to see if someone can automate it.
fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

According to Kathy Lien, sell the US dollar against the Euro. Below 1.270, there is very little support until 1.200.

http://www.cnbc.com/id/100874576

So, attached your 10.5 ea to EURUSD and GBPUSD and ride the trend.
Last edited by Anonymous on Sun Jul 21, 2013 6:56 pm, edited 1 time in total.
fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

GBPAUD long, late entry, closed +63 pips. 10.5 SR TRADE

Aussie pair delivers the goods again.
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fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

The market is all over the place. Not many pairs are trending.

Have a break and come back in the autumn.
fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

Too much market noise on the H1 during this volatile summer market.

10.4 SR SHORT FOR THE AUDUSD in the night. 80+ pips.
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fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

I have stopped trading till September.

Two nice 10.5 SR trades this morning.
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fx800
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Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

10.4 SR BUY.
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fx800
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Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

10.4 SELL.
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fx800
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Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

GBPJPY is 10.5 sell.
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fx800
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Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

GBPAUD, GBPNZD, EURAUD, EURNZD are all trading opposite to trend indicators.

This is because recent news showed that the Chinese economy is showing signs of recovery and the commodity currencies the Aussie and the Kiwi are strengthening.

Hence, the counter currencies are moving in the opposite direction.

Always need to keep an eye on economic news because fundamentals will always trump indicators.

Until a new trend appears, you will need to remove all Aussie and Kiwi pairs from your Multi 10.4 trader. This is why I prefer to use an ea on indiviual charts, and attach or remove the ea from each pair after review before the start of a trading day.

You have to be the brains or neuronal network behind the ea. Otherwise, by the time the ea notices a change in trend indicators, you would have lost a lot of your account.
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Last edited by Anonymous on Sat Aug 10, 2013 2:44 pm, edited 4 times in total.
fx800
Trader
Posts: 1334
Joined: Sun Dec 04, 2011 4:11 am

Re: Supply Demand EA

Post by fx800 »

Both the Aussie and the Kiwi are in an up trend following positive economic news from China.

So, I am buying dips when stochs/rsi are oversold.
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