RobotFX Blog
362 FOLLOWERS
RobotFX is a successful group of traders, dedicated to creating automated solutions or useful forex trading tools to reflect their winning strategies.
RobotFX Blog
9M ago
RBA undecided on future policy moves
Markets expect one more hike but not sure when
AUDUSD facing significant resistance despite a weaker dollar
It’s safe to say there’s quite a balanced debate taking place at the Reserve Bank of Australia right now, with policymakers torn on whether conditions have become restrictive enough and if a little more will do more harm or good.
While markets appear confident that the RBA will hike once more this year, when that will come is far less clear.
And as we’ve seen so much this year, expectations have a knack of changing quite considerably over a matter o ..read more
RobotFX Blog
9M ago
We are working on a new RobotFX.org, basically the same domain but without WWW. For now, both sites will be online, although on the non-www version there is still work to do. https://robotfx.org ..read more
RobotFX Blog
10M ago
The NonLagMA EA for Metatrader 5 has been released and can be downloaded following the same link - in the folder there are both versions, MT4 and MT5 EAs ..read more
RobotFX Blog
10M ago
The Metatrader 5 version of Heiken Ashi expert advisor MT5 has been released and it is available for download. A short video will be uploaded soon to explain the differences between the MT4 and the MT5 versions.
For now, we have added the MT4/MT5 logos on the first page, to faster identify which ones of the RobotFX EAs have been released for MT4, MT5 or both trading platforms ..read more
RobotFX Blog
10M ago
The Trailing Stop for MT5 (MetaTrader 5) has been released for download. The main difference between the MT4 and MT5 versions is that the MT5 allows trailing the price by Heiken Ashi candles (RobotFX indicator included).
MetaTrader 5 Trailing Stop EA ..read more
RobotFX Blog
10M ago
The Trailing Stop EA MetaTrader 5 version is soon to be released and the main difference between the MT4 and the MT5 versions is that the MT5 trailing stop can also trail the price by Heiken Ashi candles. Requires the RobotFX Heiken Ashi indicator, available in the download file as well ..read more
RobotFX Blog
11M ago
EUR/USD going nowhere last week as I suspected so that has meant buying at strong support at 1.0975/55 (a low for the day here on Friday) & selling at resistance at 1.1080/1.1100 has worked.
Keep trading these 2 levels until we breakout of the 100 pip range.
Shorts at 1.1080/1.1100 need stops above 1.1105. A break higher is a buy signal & resumes the 7 month bull trend. Try to buy in to a long & hold it with stops below 1.1065.
Strong support at 1.0975/55. Longs need stops below 1.0935. A break lower targets 1.8080/70.
EUR/CAD I was watching for a double top sell signal - this di ..read more
RobotFX Blog
11M ago
Canada’s employment change expected to slow
US nonfarm payrolls projected to fall to 179,000
Canadian dollar rallies for third straight day
The Canadian dollar continues to rally today and has climbed 120 points since Tuesday. Earlier in the day, USD/CAD touched a low of 1.3490, its lowest level since April 21st.
Canadian employment change expected to ease
The markets will be treated to key employment numbers on both sides of the border later today. Canada is expected to have added 20,000 new jobs in April, following 34,700 in March. This would be the lowest reading in four months and would ..read more
RobotFX Blog
11M ago
ECB expected to raise rates by 25 bp
Federal Reserve hikes rates by 25 bp
Powell signals a pause in June
EUR/USD is trading quietly on Thursday, ahead of the ECB decision later today.
ECB expected to hike, but by how much?
All eyes are the ECB, which is expected to raise rates at today’s meeting. The burning question remains will the central bank increase rates by 25 or 50 basis points? The eurozone April inflation report, published Tuesday, didn’t provide any insights as both the headline and core readings barely moved and were very close to the estimates. Headline CPI came in at 7.0% and t ..read more