Published:  May 15,  2019 1:50 pm est


by Tom Kadale,
Contributor Market Analyst
NewsmovesMarketsForex

USDCHFRates by TradingView

While sipping on my coffee and reading the paper this morning, a BUY signal for USDCHF came in from our algo. I had to chuckle at myself based on my reaction time. Here’s what happened…

I’ve become so accustomed to entering our algo signals on my iPhone that my wife even commented at how robotic I had become with the process.

While speaking with her, sipping my coffee and reading the paper, I posted the signal up on to my laptop screen, pulled out my iPhone, checked the charts, recognized the ‘dollar strength’ trend was aligned, chose Rule #37 for my trading strategy (up to 3 lots at the MARKET and 7 lots at the LIMIT), then entered the trade from my MT4 App.

In less than 30 seconds, I completed both trades (1 lot at the MARKET for tracking, and 7 lots at the LIMIT) Without missing a beat, I resumed my conversation with my wife and reading. Unless you knew me, you would have thought I had discreetly checked my emails, while carrying on. A few hours later, I did check my emails followed by my trade.

The M15 exited out as shown below. When my next signal arrives, I’ll be ready with iPhone in hand.

 

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Mr. Kadala is an internationally recognized writer, speaker, and facilitator on topics related to FOREX trading. He is also the founder of RagingFX(r), a self-learning algorithm that generates FX signals for its online subscribers – RagingFX.com.
 

From the RagingFX Trading Desk… Tom Kadale, Forex Algorithm engineer RagingFx.com and Guest Contributor Market Analyst for NewsmovesmarketsForex

 

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