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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #13,021
  • Nov 11, 2011 8:28am Nov 11, 2011 8:28am
never i trade with a robot.
Quoting Wheels
I was using a trend grid for a while, which was quite successful and reduced the amount of stress associated with trading.

I stopped when the volatility ensued because the point was to minimize the amount of time I needed to spend managing my positions. With the wild swings in price, this obviously was not possible.

Cheers
  • #13,022
  • Nov 11, 2011 8:30am Nov 11, 2011 8:30am
I have developed my own price action system derived from Fib levels after a large drop.... kind of hard to explain but I will attempt.
Price dropped from 1803 to 1735... my method predicted this price movement(which I posted earlier-1800 to 1740) as well as many moves before that, it acutally works very well so I am going to post my predictions here, let's see how it works out.
In order for my method to work I need the first move up after the large downmove so that would be 1735 =>1762. This upmove should have yielded a price pullback to around 1745(this would be the first entry after confirmation of uptrend), it came down to 1744. Too bad I missed this entry, as I was away from my PC. Next move should have been 1744=>1775. This is confirmed as it topped at 1773 a short time ago. Next pullback should be between 1758-1762 and then up to 1800 but it probably won't be today, maybe asian session on Sunday night. Look for a pullback after that to 1775 before it goes to 1818.
There you have it, the next 4-5 days mapped out. That's what I am going to enter and exit at. It seems when the prices are mapped out, the indicators just fall into place... check it out. Disclaimer-Again this is just my analysis and no one should trade based on these values. I don't want anyone saying "but you told me it would hit this #". use MM.
  • #13,023
  • Nov 11, 2011 8:39am Nov 11, 2011 8:39am
please tell us more.At silver this is good your system?
Quoting Sreym33
I have developed my own price action system derived from Fib levels after a large drop.... kind of hard to explain but I will attempt.
Price dropped from 1803 to 1735... my method predicted this price movement(which I posted earlier-1800 to 1740) as well as many moves before that, it acutally works very well so I am going to post my predictions here, let's see how it works out.
In order for my method to work I need the first move up after the large downmove so that would be 1735 =>1762. This upmove should have yielded a price pullback to around...
  • #13,024
  • Nov 11, 2011 9:02am Nov 11, 2011 9:02am
Quoting stevebalmmer
please tell us more.At silver this is good your system?
I don't trade anything but gold right now, trying to tweak my method.
  • #13,025
  • Nov 11, 2011 9:06am Nov 11, 2011 9:06am
please tell all forex traders more about your method.
thx steve
Quoting Sreym33
I don't trade anything but gold right now, trying to tweak my method.
  • #13,026
  • Nov 11, 2011 9:09am Nov 11, 2011 9:09am
Breakout below 1760 good for sell tp1 1748 tp2 1737
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  • #13,027
  • Nov 11, 2011 9:23am Nov 11, 2011 9:23am
Quoting stevebalmmer
please tell all forex traders more about your method.
thx steve
It's based off of waves and fibs basically. That's all I will say. Proof of effectiveness to come.
I have been working on it to potentially start a trading signal service so I won't give it away...but i will post some values.
  • #13,028
  • Nov 11, 2011 9:36am Nov 11, 2011 9:36am
hey guys i was watching gold this whole day watching how she behaves and frankly it shouldnt be too difficult if we keep it simple.

as i posted before that broken ressitance should become good support

take a look what happened
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Have I got something on my face, SOLDIER?
  • #13,029
  • Nov 11, 2011 10:17am Nov 11, 2011 10:17am
Quoting Wheels
I was using a trend grid for a while, which was quite successful and reduced the amount of stress associated with trading.

I stopped when the volatility ensued because the point was to minimize the amount of time I needed to spend managing my positions. With the wild swings in price, this obviously was not possible.

Cheers
hehehe....I have developed a bot....it is doing well....it trades off of 1 min and 15min charts....so it scares me sometimes....but does a good job

Basically the bullish or bearish trend is determined by the 30 and 50 exponential moving average on the 15min chart.


4 criteria have to be met before it opens a trade:

1) Entries come on the 1 min chart....based on the RSI (period 7) going above or below 72 and 28 respectively.
2) In addition the stochastic (%K period=30) also has to be above or below 80 and 20.
3) The 15 min RSI (period 11) has to be above or below the 50 line...above for bull below for bear.
4) The 30 and 50 EMA on the 15min have to be sufficiently far apart...otherwise no trade opens.

Once a trade is opened the bot....puts a 600pip trailing stop on the trade....when it is a strong bullish trend I normally up that to 1200.
It will close trades is the 30 and 50 ema cross the opposite way to the trend when they were opened.

Attached should be a strategy test for Nov 1st to 10th.
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Life's a bitch....so be a dog and cover it!
  • #13,030
  • Nov 11, 2011 10:30am Nov 11, 2011 10:30am
Quoting dogbreath
hehehe....I have developed a bot....it is doing well....it trades off of 1 min and 15min charts....so it scares me sometimes....but does a good job

Basically the bullish or bearish trend is determined by the 30 and 50 exponential moving average on the 15min chart.


4 criteria have to be met before it opens a trade:

1) Entries come on the 1 min chart....based on the RSI (period 7) going above or below 72 and 28 respectively.
2) In addition the stochastic (%K period=30) also has to be above or below 80 and 20.
3) The 15 min RSI (period...
60 trades and that small profit?
  • #13,031
  • Nov 11, 2011 10:34am Nov 11, 2011 10:34am
Quoting Ravissek
60 trades and that small profit?
LOL...

gold scalper system 2000

ravissek so mean hehee
Have I got something on my face, SOLDIER?
  • #13,032
  • Nov 11, 2011 10:47am Nov 11, 2011 10:47am
Quoting Ravissek
60 trades and that small profit?
Better to take risks appropriately (minimal leverage) than lose it all.

If you noticed the starting balance on that account, I think the gain is reasonable.

I tend to worry when people show systems with a 3000% gain. That gain can always go in the opposite direction and become a loss.
  • #13,033
  • Nov 11, 2011 11:13am Nov 11, 2011 11:13am
Quoting Ravissek
60 trades and that small profit?
Small profit???....Thats a 7% increase in your equity in 10 days!!

Sheeesh....try to be a little more positive Rav What percentage did your equity increase in the last 10 days??

You can scale it up if you are willing to risk more. Typically you don't want to risk more than 2 or 3% of your equity.

That was just an example of starting with $3000.
Life's a bitch....so be a dog and cover it!
  • #13,034
  • Nov 11, 2011 11:26am Nov 11, 2011 11:26am
Or how about this one Rav....The month of august...starting with $10000.

doubled my equity!

What did you achieve in August?
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Life's a bitch....so be a dog and cover it!
  • #13,035
  • Nov 11, 2011 11:31am Nov 11, 2011 11:31am
the bank are in holiday,and Gold is running.
Go for Gold
  • #13,036
  • Nov 11, 2011 11:33am Nov 11, 2011 11:33am
I'm pretty sure their trading robots will be left on.

Conspiracy theories aside, the big boys leave automated trading systems running to avoid a run.

Interesting how the flash crash had the opposite effect...
  • #13,037
  • Nov 11, 2011 12:02pm Nov 11, 2011 12:02pm
Quoting dogbreath
.... doubled my equity! ........
Your theoretical equity, right?

Many made lots during the dotbomb era .... until the party ended in 2000.

Have you tested out of sample or back tested during bearish phases?
  • #13,038
  • Nov 11, 2011 1:09pm Nov 11, 2011 1:09pm
Quoting dogbreath
Or how about this one Rav....The month of august...starting with $10000.

doubled my equity!

What did you achieve in August?
sun t is correct that is virtual and most FAIL BIG TIME LIVE.

backtesting ea's are old, USE IT LIVE either with demo or small risk capital
Have I got something on my face, SOLDIER?
  • #13,039
  • Nov 11, 2011 1:10pm Nov 11, 2011 1:10pm
Quoting dogbreath
Small profit???....Thats a 7% increase in your equity in 10 days!!

Sheeesh....try to be a little more positive Rav What percentage did your equity increase in the last 10 days??

You can scale it up if you are willing to risk more. Typically you don't want to risk more than 2 or 3% of your equity.

That was just an example of starting with $3000.
Ok .I have 7k acc and in normal week I gain 10%.So its not that bad 7%.OK.
  • #13,040
  • Nov 11, 2011 1:34pm Nov 11, 2011 1:34pm
7% is more than okay
Have I got something on my face, SOLDIER?
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