FREE Pips Miner Light Edition
Friday, August 28th, 2009 |
There are three main financial and banking centres which drive the liquidity to the Forex market. These are Tokyo, London and New York. Among the “Big Three”, London is by far the leader when it comes to trading volume. The volume of Forex transactions processed during London trading hours is typically close to 30% of the world’s total daily volume (or about $580 billion US), while New York does a little better than half that, with around 16% ($330 billion US), and Tokyo typically sees about 10% ($210 billion US).
Therefore, The PIPS MINER has been designed to trade whilst the London market is operating (and 1 hour after it closes). This means that the PIPS MINER is working for you for 9 hours a day. If the market conditions are not favourable, the PIPS MINER won’t open any trade. But when they are in favour it will open several trades at the same time to generate a decent profit.
The robot trades EUR/USD currency pair on M5 chart. This is the most stable pair (unless some really bad news hit the market), as well as the most traded one.
