No; this is not a science fiction drama about a robotic day trader! I just like to use tragic titles to release my frustrations from time to time! First of all, our Currenex Trading System project might have to be scrapped. It is taking too long for the orders to travel to the Currenex server. […]
Trading Robot Update – No Happy Valentine
Posted by on February 14, 2007 at 10:44 pm
Valentine’s Day was pretty active for currency trading. Both the Euro and the British Pound against the US Dollar had ranges of 100+ pips. Unfortunately, we were plagued by the same excruciating trade rejections (“off quotes”) as yesterday on the MT4 platform. The day started at 8:11 AM London Time with an “off quotes” rejection […]
MT4 “Off Quotes” Galore – Active Forex Day Trading Sessions Squandered
Posted by on February 13, 2007 at 4:28 pm
The forex market is moving. The EUR/USD is taking off; GBP/USD is following suit. A great day trading opportunity draws near; slowly creeping in sight of our crosshairs. “Click!” – The trigger is squeezed. “Click, click, click!” No bang! No kill! No execution! – Instead, a freaking “off quotes” message as the prey escapes. Arrrgggghhh! […]
Day Trading Activity After ECB President’s Comments
Posted by on February 8, 2007 at 3:24 pm
Today, all scalping trades positive. Comments by ECB President Jean-Claude Trichet were interpreted to mean that a rate increase next month is likely – and possibly higher rates by year end. This caused volatility in the Euro as it moved up, which generated the most transactions during today’s day trading session. The Bank of England’s […]
The Silence of the Forex Market
Posted by on February 7, 2007 at 5:29 pm
The DTT Robot program continued to operate in total boredom today as the market reacted very little to the US productivity numbers at 8:30 AM EST. Only one trade was executed and it was a loser. Hey; we can’t win’em all, right? The possibilities to day trade tomorrow might come near 7:00 AM EST during […]
Forex Market – Too Dead for Trading
Posted by on February 5, 2007 at 4:49 pm
The currency market today was as dead as a doornail! There was not much reaction to the reports that came out. Only two scalping trades were executed to finish a slightly negative day. Tomorrow, there are some economic reports that might move the market and Federal Reserve Chairman Ben Bernanke will speak at 1:30 EST. […]
Forex Robot – Scalping 3 for 3 despite Resistance
Posted by on February 2, 2007 at 4:04 pm
We’re 3-for-3 on the Forex Robot program. Today was the third straight winning day – with 12 scalping trades executed within an hour and a half after the jobs reports came out at 8:30 AM EST. There were still problems, though; many “off quotes” (14 straight rejections at one time while trying to close out […]
Scalping on MT4 – Back-to-Back Days
Posted by on February 1, 2007 at 11:48 pm
Seven forex scalping trades were executed today – all positive. This is the second day in a row since the 11-29-06 to 1-17-07 “shutdown period” of the Forex Robot program that this has been possible. We’ll try to make it three-for-three tomorrow – when the potentially market-moving US Nonfarm employment figures come out at 8:30 […]
Active Scalping is Back – A Good Day for Trading
Posted by on January 31, 2007 at 11:59 pm
Today the forex market was a bit more active, giving us the chance to fire away 20 scalping trades on the MT4 platform – all but one positive. This allowed us to end the month on a positive note; a much needed jolt in an otherwise very inactive and boring 31-day period. I pray that […]
Launch of New MT4 Trading System
Posted by on January 30, 2007 at 4:04 pm
FXLQ’s new MT4 trading system with multi-bank liquidity might be launched by February 1st (in two days). This is what I was told last week. This might improve the quality of execution of our scalping trades significantly. While we wait for the above to happen, we continue to trade lightly on the existing MetaTrader system. […]
