Monthly Archives: April 2008
GBPJPY Robot
After 2 months in a row of failed attempts to trade the pound yen robot, it might be wise to shut it down within a 48 hour period before the NFP release and just trade the news break out strategy manually. There are too many factors involved when trading a robot before this powerful release. Our $5000 demo account is still positive, but we are now off our highs. We will keep posting this week.
NFP News Trade
We will leave our results for the non-farm payroll report using the GBPJPY. Last time we saw some serious gains using the 15 minute breakout support and resistance. Check back soon after the report for the results. You can see last month’s results on this site. NFP Chart for 04.04.2008 This 15 minute breakout strategy worked really well for us, only giving us a small amount of draw down. The 15 minute period was initially broken 35 minutes after theRead more ….
GBPJPY Lesson
After last month, we should have learned our lesson, not to play a big breakout before the Non Farm Payroll report is set to come out. We got doubled dipped on the robot taking away a good chunk of the gains we made the day before. We will keep the robot active tomorrow only because it is a demo account and it should see some fireworks, if we are not stuck with two stop losses before 8:30am.
GBPJPY Robot Profits
It looks like we have made some strides again. We have officially reached a new profit record within the 40 days of trading this strategy. This demo account that started with $5000 is now worth $7988. This is equivalent to a 59% gain in 40 trading days. This thing is really acting well and we will keep testing it.
Pound Yen Range
The pound/yen trade decided to take a break today, due to the large range created Sunday night. The Robot stayed quiet, but it is still up for the period we’ve been trading it. The breakout range has already been declared for the 1st day of April so we will see how it plays out.
