Market Raider Plus

Wednesday 8th July

A lot of sideways movement in the markets today which is never good for trading.

Theres something clever about this software in the way it works out where to put the stop loss. Instead of just opting for a stop of a set amount of pips, or a sum based on the entry bar, it seems to know where the support and resistance lines are and places the stop beyond it. No idea how it does that but it’s impressive.

A losing trade on cable this morning costing 39 pips:

Another loser on EURUSD costing 38 pips:

And another loser on cable costing 23 pips:

And a loser on EURUSD costing 23 pips:

I left it running to see how it would get on this afternoon and hit three winning trades, all on the Japanese currency pairs.

130 pips on USDJPY:

328 pips on GBPJPY:

And 152 pips on EURJPY:

487 pips on the day after a bad start. It seems that this strategy certainly has the capacity for large gains whilst limiting losses.