Advanced Gold Trading EA | Get a profit of $600
Today, I will be sharing advanced gold trading software with you. I have been using this software with great success for the last few weeks and months, and I’m thrilled to announce that you can download it for free. In this guide, I’ll explain the strategy behind EA for beginners. EA stands for Robot Expert Advisor, and we can trade the robot on the MetaTrader platform. Gold trading is the most popular platform for algorithmic trading; the trading view is still developing the algorithmic trading they need to do. There is much work to catch up with the MetaTrader platform, but they are working on it.
Advanced Gold Trading
They will also develop a tremendous algorithmic trading platform, and the good thing is that we are working on a free tool that will be very useful for strategy signals. I will start trading in the gold trading demo, and, of course, I will let you know when the app is ready. I will share this strategy with you and work on any platform that creates it for $600 Per day.
If you trade one share, which is a fantastic result for me, I’m excited to share this strategy with you. You can see that it has been back-tested over 280 times, or I traded it over 280 times in the last two months before I shared it with you.
I’m constantly testing my shared strategies, so let’s get to the strategy, guys.
How the gold trading strategy works?
It just uses candles, and we have the candle’s color, or we need to see three bearish candlesticks before we buy. Let me go to the indicator chart in a studio, and I’ll give you an example of long and short trades. Here, for the long trade, we have three bearish bars formed, and at the opening of the fourth, we trade Gold for beginners.
The candlesticks represent time, the same thing if you open a gold chart from a trading view. I’m here on the daily chart. Please pay attention to that: one candlestick represents one day time, so the last bar we see today and the strategy that I’m sharing with you is a 1-minute time frame, which means one candle is only a 1-minute, guys.
The daily time frame for gold trading
There is a big difference between the daily and minute time frames, so pay attention that this strategy is for a 1-minute time frame only. Do not try to apply it daily. I can show you what will happen if you use it in a daily chart, and you will see the difference. Still, it’s not a losing strategy but up and down, and yes, at the end of the day, it’s a losing strategy, so stick to the M1 time frame; it’s a strategy designed for M1.
So before we buy, we have to see three bearish candlesticks. Before we sell, we have to see three bullish candlesticks. Here, we actually had one, two, three, four, five, and six too many. You might ask, well, why the trade wasn’t open on the fourth candle because the three candlesticks have the minimum body height. If I go to the editor and click on this indicator, you will see that we need to see the minimum body height, which is 35 points.
Reading candles in gold trading
In other words, we need to see three more giant candles consecutively in the same direction before we enter the trade in the opposite direction. Well, this strategy has an exit condition where the acceleration oscillator must be below the level line; if you have some experience in trading, I think You will be familiar with AC, and we have a negative 1.75 level for starters, where the accelerometer oscillator moves above and below the level. The zero line forms green bars when it rises and red bars when it falls.
So we need to see the accelerating elevator moving below the level line; when it is below minus 175, we will exit the buy trade if we buy this now. The strategy also uses stop loss. I will explain it to beginners. Stop loss is a level we exit automatically if the price reaches this. For example, if we had bought gold in 1700 and had a stop loss of $28 less, it would have been in 1670.
Then, we should exit that trade when the price drops by $28. We are out and waiting for the next trade to open. I won’t look for examples to make the article exciting. Still, you get my point: if we buy, for example, here, we have a signal to buy because we have three negative candles that we automatically place at the stop loss level of $28, and if the price gets there, we close the trade. If you’re trading with a robot, you’ll do that automatically. You’ll automatically enter the trade, you’ll automatically place your stop loss, and you’ll exit if it’s reached.
Trend reversal in gold trading
The last thing I want to point out about this strategy is that you should reverse the trend if you see the opposite signal, so if you go long here, you can see that we have a buy trade. This green line shows that we are in a buy trade, but we have that opposite signal; well, we have three bars, a Massive successive shot with the body rising above the limit.
We have an entry point to sell and reverse the trade, meaning we close the long trade and open the short trade. In this case, we took the profit and sold, and it is still a profitable trade. It was closed here because we had three negative candles, and it was time to buy. But this is the last data I have available, and the opposite is very important, not only with M1 scalping strategies or with any advanced trading method for goals.
But even if you’re investing in Gold for the long term and have bought Gold because you think it will go up in time, you’re trading it. You see the opposite signal; if you purchased for one reason but see the opposite signal, you should close the trade, take your money and profit, and wait for the next opportunity.
Many people fall in love with their trading and strongly believe that Bitcoin will reach a million dollars. Maybe it will, but not this year or maybe in the next few years. If you see an opposite signal, you should close the trade and even reverse it.
Summary
Okay, sell and take profit for gold trading. If you see the entry point and the price goes up, as I did here, then it’s time to buy. I close the short trades and open the long trades because I see the opposite signal, which will change your trading. Don’t fall in love with hope and faith because these are just fillers. See what is happening on the chart and apply it, and you will become successful.
