MH PARAMETER SETTINGS 5 PST – Trading Systems – 11 August 2023

If the initial deposit is $1000 on a HIGH RISK micro account use the parameter settings below: Currency pairs: GBP/USD Timeframe: M5 Leverage: 1:500 Swap free account (forex robot will hold floating loss for weeks or even months) Parameter settings for GBP/USD, M5: MINIM_DAILY_PROFIT = Minimum daily profit = 10000  BATAS_FREE_MARGIN = Free margin limit = 10  JAM_ON   = The robot starts trading

Australian Dollar trades lower on Chinese credit concerns, US inflation data

Share: Australian Dollar weakens on fears of a credit crunch in the Chinese property sector. Hawkish commentary from the Governor of the RBA, Philip Lowe, temporarily staunches the bleeding.  US factory gate inflation comes out higher than expected, however, supporting the US Dollar.  The Australian Dollar (AUD) trades lower against the US Dollar

Volume Power Trading – Trading Systems – 11 August 2023

This article is a summary of the manual trading system  I use and publish in our very popular Morning Briefing channel.  Please subscribe if you like to get daily updates of our trading activities.  We recommend reading the entire article. So let’s get started now. The tools you need are FX Volume and FX Power NG

USD/MXN drops but remains above 17.0000 amidst a hot US PPI reading

Share: The Mexican Peso (MXN) advances against the US Dollar, despite overall US Dollar strength. Banxico’s decision to hold rates at 11.25% boosted the Mexican Peso. USD/MXN may stabilize near current levels, potentially reaching 17.5000 if surpassing 17.4100. A daily close below 17.0000 could indicate an extended downward trend. The Mexican Peso (MXN)

US judge revokes Sam Bankman-Fried’s bail

A US judge appears to be on the brink of revoking Sam Bankman-Fried’s bail. He’s charged with one of the largest fraud’s in history as he embezzled billions running the exchange FTX. The judge said he there was probable cause to believe that the FTX founder attempted to tamper with witnesses at least twice, according

Sterling in Focus Ahead of UK Jobs and Inflation Data

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Trend Trading using TRS – Analytics & Forecasts – 11 August 2023

Trend Reversal Searcher (TRS) is an indicator for all types of Trend traders. It is used to search and spot the start and end of trends. To use this indicator, it is reccommended to use the following instructions;             Buy signal is generated when the signal line of the indicator

Argentina’s markets keep wary eye on primary vote after 2019 crash By Reuters

© Reuters. A man wearing a face mask as a protective measure against the coronavirus disease (COVID-19) walks past the entrance of the Buenos Aires Stock Exchange, a day after midterm primary elections, in Buenos Aires, Argentina September 13, 2021. REUTERS/Agustin By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentine traders are keeping

MULN stock trades around $1 level after 1-for-9 reverse stock split

Share: Mullen Automotive initiated a 1-for-9 reverse split that begins trading at new post-split price on August 11.  MULN share price closed at $0.1130 on Thursday but opens Friday at post-split price. Mullen stock needs to remain above $1 for at least 10 consecutive trading sessions to remain in compliance with NASDAQ exchange