Disliked{quote} Hi Nasap We wish you green pipping. Since now you have bot , Just I wans to know have you ever tried/tested order at market price or instantly without waiting to reach 00 or 05 level. Is there difference in win loss ratio, if yes how much. I am trying to use this system without waiting to reach price to for next 00 or 05 level. Thanks MKIgnored
When I started with that bot it used market orders since I was not familiar with all that kind of programming. It's now 16 mth. since I started with a simple version 1 (Smart Excel Trader) and step by step the bot has become a more and more professional trading tool. It's just some days ago that I've added 4 more algorithm in the current version 4 and the results are just amazing.
When still using market orders the winning rate was something about 72%, not good enough for me and such a system. Of course I have to say it was still the beginning and I don't know how it would work today, after all the development. The main problems have been all those false break outs. But that was the past, I look confidently to a bright future.
The 2nd system (STB) uses pending orders too but is much closer to the market price and doesn't use the 00 / 50 levels. It uses pure PA in combination with correlation and strength. I don't use it very often, sometimes when I'm in the mood to fetch some pips manually.
nasap
The little nut in your head is called brain. Use it!