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Thursday, January 17, 2013

Hi There

For those of you that follow this blog you will know that I have based all the my trading decisions in the past on technical indicators.

Today was a great example of why. The robot activated a long gold trade this afternoon just after midday. This trade did not do much until late afternoon when the gold price dropped quite dramatically resulting in a 6.6% loss at the time when the stoploss kicked in. Then the same dramatic move happened, but in the opposite direction again activating an automated long trade and reaching the take profit level resulting in a 9.1% profit. The daily profit therefor being 2.5%.

Automated technical trading - A thing of beauty!

All the best
Chris Wiggett.