Gold Trades - dogbreath

Welcome !

Trading gold.

Have a bot in development.

Will see how it goes

Manual TP at 1675 would be good

bounce off of 1643 support

TP 1675

will open tight sell at 1675...depending on price action

Hmmm...cant figure out how to get rid of old poll

<iframe width="560" height="315" src="http://www.youtube.com/embed/XC-XZJK0qD0" frameborder="0" allowfullscreen></iframe>

Modied bot:
Now has separate BuyStopLoss and SellStopLoss
TakeProfit is still one parameter...as the take profit is primarily controlled by trailing stop.

Also modified Risk management....it can be more accurately and easily controlled now.

risk set to 4

you have good results so far. Keep up the good work mate

Thxs

Added silver trading with the same bot.

Setting for silver trading.
BuyTS = 40
SellTS = 40

Buy Stoploss = 10000
Sell Stoploss = 20

Risk % = 1.0
Max Trades = 40

Changed the risk percent on the gold and the silver bot to 1%....effectively making the risk % 2% on the overall account.

Since we have half the risk on each of the bots...we can increase the maximum trades from 20 to 40....still basically risking the smae amount of available equity.

Added parameter to close trade when trend changes to up or down from current position.

Trailing stops = 60
Stop loss on sells = 20
Stop loss on buys =1000

Changed silver 42 settings:

BuyTS = 28
SellTS = 16
Buy and sell stoploss = 100

Had to change them both to 30...coz broker does not support those parameters

Here is an indicator to track gold silver ratio

changed gold trailing stop to 460.

buystop on silver changed to 1200