Volatility gold scalping strategy reddit. com, a trading forum run by professional traders.


  • Volatility gold scalping strategy reddit You should pay special attention instead to retracement and expansion. Sizing those up and executing these perfectly is the main focus. e. Aug 28, 2024 · Gold is very volatile, making it an excellent asset to scalp, and most traders scalp gold using the XAU/USD CFD, available in most trading platforms, including MT4, MT5, and cTrader. The secret of scalping in general is what I call explicit trading, i. It can see volatile a random pair to trade. A choppy day for gold means its stuck in a 100 pip range. Scalpers hold positions briefly, often for seconds or minutes. However, using bots for scalping comes with its risks. bollinger bands, 8 ema and stochastics 5,3,3. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The time frame is irrelevant for XAU. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. For traders who want to automate their scalping strategies, Expert Advisors (EAs) and trading robots are viable options. Gold scalping is fast-paced. XAUUSD Scalping Strategies with Robots and EAs. Gold moves with the market open and high liquidity. But i do agree gold can sometimes move 500-1000 pips a day. This method leverages gold price volatility, aiming for numerous small gains that add up over time. com, a trading forum run by professional traders. 11. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. Maybe looking for a strategy is the problem. For example in the Asian session gold usually drops 5-15 dollars on average from the trend simply because China is trading gold under the table and so is India. I was also scalping gold past week. Jul 26, 2023 · Volatility: Scalping relies on short-term price movements, so it’s essential to choose a time when the gold market is sufficiently volatile. A few days ago gold skyrocketed 400 pips in one minute. Welcome to FXGears. Read this article to find out what a gold scalping strategy consists of, with practical tips on creating a custom gold scalping strategy. Scalping is much more about the cost of the trade, money management, trade management, the number of ticks in relation to volatility and controlling your own greed. 2 days around 50% gain and third day (Friday) around 90% loss :))) Before that had some successful trades over the long term, even one on news, all on low leverage. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. High volatility increases the frequency of price Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. At least 2 times a day there will be a broad squeeze available for scalping timeframe players to participate in (intense move with strong deltas and without pullbacks). I have been told and seen many times that these time frames are the worst to trade on Gold as it’s very volatile and random. We’ll break down essential tools like the Central Pivot Range (CPR), VWAP, Parabolic SAR, RSI, MACD, and more. Nov 7, 2024 · In this guide, you’ll learn about the best indicators for scalping XAUUSD and how to apply them in your trading strategy. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. . I am a couple weeks in using this strategy and becoming increasingly profitable. The secret sauce for me has been the timeframe/lookback interplay. using. You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. Im scalping on a 5min chart. I am scalping gold on 1min and 5min using no indicators. No one in their right mind will teach you this though. Various market generated metrics I watch continuously: What I m trying now on gold (maybe it ll help) is a strategy based on three indicators (the supertrend indicator and a simple EMA + the AO) and it’s been yielding some nice results with proper risk management in place. No set strategy for futures scalping. Many platforms offer pre-built scalping bots or allow users to create their own with specific parameters. That is just one example, where I've had the best results. Most people should be able anticipate where the market goes for the next 1-3 candles to some degree. Look for people to share ideas and experience scalping with gold. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. Ill definitely check back in, in 3months regardless of obvious sarcasm. EDIT These are nice trades though Welcome to FXGears. ihewnot oiohc vypap mvyder iua eshh leyb jdovxf nwcz fhgef
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