Advanced Gold Trading EA | Get a profit of $600
Today I will be sharing with you an advanced gold trading software I have been using this software with great success for the last few weeks and months and I’m thrilled to share this with you all! You can download it for free. I will explain the strategy behind EA for beginners. EA stands for Expert Advisor, and we can use this trading robot on the MetaTrader platform. Gold trading is the most popular option for algorithmic trading. the trading view is still developing the algorithmic trading they need to do. There is a lot of work to catch up with the MetaTrader platform but they are working on it.
Advanced Gold Trading
I pretty much think they will also come up with a great 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 and this strategy that I will share with you works on any platform that creates it for $600 Per day.
If you trade one share which is an amazing result for me, that’s why I’m excited to share this strategy with you and you can see that this strategy has been back-tested over 280 times or I traded this strategy over 280 times in the last two months before I shared with you.
I’m always testing the strategies I share so let’s get to the strategy guys.
How the gold trading strategy works
It just uses candles and we have the color of the candle or we need to see three bearish candlesticks before we buy simply let me go to the indicator chart in ea studio and I’ll give you an example of long trades and short trades and here for the long trade, so we have three bearish bars formed and at the opening of the fourth, we trade Gold for beginners.
Where the candlesticks represent time, which is the same thing if you open a gold chart in the trading view, I’m here on the daily chart, pay attention to that, one candlestick represents one day time, so the last bar we see today’s and the strategy that I’m sharing with you is in Actually a 1-minute time frame which means one candle is only 1-minute guys.
The daily time frame for gold trading
There is a big difference between the daily time frame and the minute time frame, so pay attention that this strategy is for 1 minute time frame only, do not try to apply it daily, in fact, I can show you what will happen if you apply it to daily chart, and you will see the difference, Well 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 and here we actually had one two three four five six too many and you might ask well why the trade wasn’t open on the fourth candle because the three candlesticks have the minimum From the body height if I go to the editor and I 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
Well or in other words we need to see three bigger candles consecutively in the same direction before we enter the trade in the opposite direction Well and 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 forms red bars when it falls.
So we need to see the accelerating elevator moving below the level line, well 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 that we exit automatically if the price reaches this price for example If we bought gold at 1700 and had a stop loss of $28 less or it would be at 1670.
Then we should exit that trade when the price drops by $28, we are out and waiting for the next trade to open, well, I won’t look for examples because I don’t want to make the article boring but you get my point, if we buy for example here, So 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 Massive successive shot with the body rising above the limit.
We have an entry point to sell and we 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 well here it was closed why because we had three negative candles and it is 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 guys in gold for the long term and if you’ve bought gold because you think it’s going to go up in time, and if you’re trading it and you see the opposite signal, well if you bought for one reason but you see the opposite signal, then you should close the trade, take your money 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 the next years and if you see that you have an opposite signal you should close the trade and even reverse it.
Summary
Ok sell and take profit for gold trading if you see the entry point the price goes up as I did here then it’s time to buy and I close the short trades and open the long trades because I see the opposite signal so the opposite is something that 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.
