The specific trading vehicle designated for this strategy is the Euro U. EURUSD fx is robot attractive for short term trading strategies because it has a tight spread.
When dealing with short-term strategies, every the holy grail trading system pdf pip matters and a slightly wider spread can mean the difference between success and failure.
For this reason, trading platforms that feature variable spreads may be fx robot problematic, because spreads tend to widen during illiquid times of day. Since the strategy is fx robot implemented at a time of low liquidity, a fixed-spread platform is recommended when using this strategy. The plan entails the simultaneous entry of a sell order above the market and a buy order below the market. The purpose fx drop-forget-renko-scalping-system robot of the sell order is to ‘fade’, fx or robot trade against, a move higher and the buy order is entered to fade, or trade against, a downward move. In either case, the trader assumes that any directional movement will be short lived since there is unlikely fx to robot be much volume behind it.
Fx robot Feature.The short-term movement is most likely caused by an order or group of orders that would not have the power to move the market fx robot under normal circumstances. Such orders can and often do move the market when trading conditions are ‘thin’. This movement should be followed fx robot by a retracement of the exchange rate, and it is this retracement that the trader seeks to capture. The sell order will be located 15 pips above the ‘opening price’, and the buy order will be 15 pips below the opening price. Since this strategy fx robot is only designed for the EURUSD currency pair, fixed-pip parameters can be used. If other currency pairs were eligible for use in this strategy, it would be impossible to use fixed parameters because of differences in volatility and in the spread among the various pairs. For our purposes, the opening price will be fx robot the price indicated at 5 pm Eastern time, as described earlier. The protective stop for the buy order and for the sell order will be 15 pips away from the entry point, which creates a risk-reward ratio fx robot of 1-to-1 (one pip of risk per one fx robot pip of reward) for this trade. This is a brief ‘slingshot’ style of trade that is designed to capture a quick profit robot fx and is intended for use at one specific time of day only.
The trial software arrives with can attain easy access for their fx robot work through license agreements. Setup the software, program the rules just like you would also send automatic withdrawal request.Fx robot Trader.
In order for the protective stop to be reached, the exchange rate for the EURUSD pair would have to move 30 pips in one direction – 15 pips to trigger the entry, plus 15 more pips fx to robot cfd trading platform canada trigger the stop – a move which would be rare at this illiquid, non-volatile time of day.