I sold and it shot up… I was impatient and wanted some trading action and lost 20 pips! Have to be more careful…

Tags: currency trading, foreign exchange trading, forex, forex blog, Trading, trading blog, usdcad

A long time ago, I wrote about automated trading, how you could run a ‘trading robot’ on your trading platform and it would open and close your trades for you automatically. This was completely automated and works great.. the only annoying thing is that you need to keep your computer on for the ‘trading robot’ to function. If you want to read that post again, go to:

http://www.makemesomemoney.co.uk/2007/08/24/make-money-while-you-sleep-with-automated-trading-part-2/

Anyway, I found a company who can run the Metatrader software for you and additionally, they can preload two of the currently best selling ‘trading robots’ on the market, FAP Turbo and ForexAutoPilot (or you can load your own)

Basically, you rent a machine of theirs which is running the software and they’ll load the software for you… It’s quite clever and costs you $69.95 a month to run. You can remote control the machine that you are renting to access you trading account. It’s a very clever idea and I recommend that you look at it if you are using any of the Expert Advisors with Metatrader and want to run your trading operation truly 24/7. They promise a 99.9% uptime and if you don’t like it, you can get your money back (before 60 days).

Give it a try, click here to access EZ Forex Host

Tags: automated trading, currency trader, currency trading, expert advisors, fap turbo, foreign exchange trading, forex, Forex trading, forexautopilot, interbankfx, trading robot, trading system, trading systems

I had a couple of decent entries today which was a short of the AUD/JPY at 5889 and a subsequent close at 5843 where I thought it may bounce as it was a short term support line.. it was a nice 45 points but then the market fell further to almost 5722 meaning that I missed out on over 120 points!

I also shorted the GBPJPY forex pair at 14127 and got out at 14065 for +62 but once again, the market continued to fall reaching 13900 which meant an opportunistic loss of 165 pips!!

So annoying when this happens!!

Tags: audjpy, currency trading, day trade, foreign exchange trading, forex, Forex trading, gbpjpy, spreadbet, Spreadbetting, trading blog, trading profits