Bob and Shelley Again

[thomasmore]

Is 'automatable' a word?

[/quote]
I think it is "automaticable" (emphasize on -tic-)

[fxozgirl]

AUDCAD - anyone who wasn't stopped out earlier in the week with the SL glitch, should now have their JS at +250 pips
audcad.gh4_130801.png

CADCHF - 'Main' Sell trade taken (entry was correct), price moved to +51 pips but a spike took the trade out at BE +2
cadchf.gh4_130731.png

Why would you buy the cad and the on another trade, sell the cad?

It is quite possible for 1 currency (read economy) to be 'stronger' and 'weaker' at the same time, depending on which currency's you're comparing it too.

We are trading how each currency (economy) relates to each other, not how 1 currency (eg CAD in this example) trades against the rest of the world as a whole.
So with the AUDCAD trade the position of the MA's tell us we are in a downtrend. That is the AUD is currently the weaker of these 2 currencies (economies), so we sell.

With CADCHF, the MA's tell us we are in an uptrend, ie CAD is currently the stronger of these 2 currencies(economies), now we buy...this has absolutely nothing to do with AUD. What the AUD is doing will not influence my decision in trading CADCHF, there is just no relevance.

The relationship between every currency is unique to that pair except for a few correlated pairs, say like AUD, NZD or EUR & GBP and even then only to a point.

[fxozgirl]

I have a lot of similar trades with lots of +2. Still in the AC with 250 locked in. Haven't been in +250 before that I can recall.

Basic strategy looking really good. That usdcad trade on my live Cowboy Cowboy IBFX account closed at +2.

I think (read hope) it's possible that this strategy will perform well in established trending markets, but right now where trading volumes are down and markets are quite choppy I'm quite happy to take a fair share of BE+2's with the chance to bag the occasional sustained run such as the audcad trade.

My goal is to get through to September with a small positive increase in account balance (between 2-5%), taking all trades on offer according to the rules, if that can be achieved I think there is a real possibility of some ongoing success with this strategy.

[fxozgirl]

After a quiet day, price has been retracing on a number of pairs and we now have the following potential trades setting up which may be triggered at the next candle:

Potential Buy - CADJPY

cadjpy.gh4_potential buy.png

Potential Buy - EURJPY

eurjpy.gh4_potential trade.png

Potential Buy - EURUSD

eurusd.gh4_130731.png

[fxozgirl]

CADJPY buy trade taken

cadjpy.gh4_buytrade.png

More trades to come tonight I think and possibly our first good look at some re-entry trades after some healthy retracements.

[juliank]

CADJPY buy trade taken

cadjpy.gh4_buytrade.png

More trades to come tonight I think and possibly our first good look at some re-entry trades after some healthy retracements.

by me it took the EURJPY trade and didn't took the CADJPY. It seems that by AlpariUK the last candle close was just a little bit below the 60 MA

[fxozgirl]

by me it took the EURJPY trade and didn't took the CADJPY. It seems that by AlpariUK the last candle close was just a little bit below the 60 MA

This will happen at times, different brokers will have different feeds and therefore slightly different results. I am trading on Global Prime.

As it turns out, BASA took the EurJpy trade at the next candle (currently +24 pips), so I would expect yours was a much better entry.

My CadJpy trade is +33 pips with BE +2 set.

cadjpy.gh4_+34pips_beset.png

eurjpy_130801.gh4.png

[currymonster]

Wow, haven't been on for a few days and bang another promising bot appears. Thanks to Steve and Shelley for the great work and the ideas from everyone, most awesome!

[OldTrader]

Am I mistaken or are reentry trades still a bit off?
Isn't price supposed to come up and touch the ma in order to trigger reentry?

[SteveHopwood]

Am I mistaken or are reentry trades still a bit off?
Isn't price supposed to come up and touch the ma in order to trigger reentry?

Nope. Read post 1 again.