Good day.In comments to the reviews of trading systems, you are often asked to talk about strategies for working with gold (XAUUSD).Of course, there are many universal tactics, allowing to work with all the tools, including the yellow metal, but there are strategies, sharpened only in gold (Gold).On such a system today and it will be discussed.
Vehicle Features Golden Boy
Platform: the Metatrader 4
traded symbol: XAUUSD (gold)
Timeframe: not important
Trade time: European and American session
Recommended DC: Alpari, Roboforex
Indicators are set in the trading terminal on the standard instructions.The process of obtaining Renko charts, is described in the video tutorial.
1. We look forward to crossing the blue and red MACD line (from bottom to top for shopping / downwards for sales).
2. We are waiting for confirmation in the form of fresh colors Slope Direction Line change.
3. Always wait until the close of the candle, to which the signal originated.
Stop Loss and Take Profit
fixed take profit, equal to 20 points.Stop-loss is set below / above the nearest local minimum / maximum.
leave from the position if the profit target was not taken, and the MACD line crossed again against our position.
Rules Golden Boy strategy is extremely simple, but nevertheless give a good result.In fact, the whole system is based on the intersection of moving averages.And if the common currency pairs such an approach would lead to losses, combined with Renko charts and sharp nature of gold movements, we have a robust tool for profit within the day.
sure to watch the video at the beginning of the post, asinstallation process Renko charts and analysis of examples of transactions in the text are not represented.
P.S.How to calculate points on
gold Judging by the comments, many do not fully understand what the old points on XAUUSD.So I wrote the bonus video about the features of the calculation of the price movement of gold items.
Download files Strategy Golden Boy
alternative indicator for building Renko candles
Important!Nuances of the installation in new builds Metatrader 4
discuss at a forum