Published: May 23, 2019 1:10 pm est
by Tom Kadale,
Contributor Market Analyst
NewsmovesMarketsForex
f you’ve been skeptical about algorithmic trading, perhaps this report from yesterday’s subscriber signals might change your mind. Lot’s to digest here…
The EURCHF signal was held an extra day. Details on why can be seen in this post from yesterday: https://lnkd.in/eKp3x8m Both the EURUSD and USDCHF signals came in yesterday. For both signals I used Rule #37 outlined in our online FX course, the same one we provide at no charge to our subscribers.
Rule#37 means, up to 3 lots at the MARKET or better plus 7 lots at the LIMIT (using the Entry level provided). I spent less than 60 seconds entering each signal from my iPhone and monitored each whenever I checked my emails throughout the day. Once the 7 lot LIMIT orders were filled, I stopped monitoring.
I entered each trade while I was busy tending to various construction projects. My point being that I was not tied to a trading station and was focused on unrelated matters. Algorithmic trading is becoming a game changer.
Knowing which algo to subscribe will always remain a key issue. Ours is 100% transparent with a solid performance for the past 2 years. …plus a Sharpe Ratio bordering 4! (unheard of in this industry).
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From the RagingFX Trading Desk… Tom Kadale, Forex Algorithm engineer RagingFx.com and Guest Contributor Market Analyst for NewsmovesmarketsForex