Hi guys, u have been trading gold for only a month and would like advice from some experienced on gold what they feel is the best strategy and timeframe for the pair.
F.or gold my timeframe is h4 and h1. First signal must plotted in h4 tf. If the signal will confirm in h1 tf I made my trade. But in gold I receive only a few signals per monh.
Hi guys, u have been trading gold for only a month and would like advice from some experienced on gold what they feel is the best strategy and timeframe for the pair.
Hi guys, u have been trading gold for only a month and would like advice from some experienced on gold what they feel is the best strategy and timeframe for the pair.
Good question. I trade M1 on my EA, which is based on support/resistance breakthroughs against previous 60 candles. I started with about US$500 and a VPS with MT4, and a EA I obtained on Fiverr. I traded 0.01 lots in the beginning. I now trade 0.03, and that account (I have multiple accounts now) that is trading XAUUSD is just over US$5k. I come from a crypto trading background, but gold trading has worked far better for me.
I mostly trade with currency pairs, but when I trade with gold I prefer to use the h4 and h1 time frames, since I only receive a few signals in a month, which is why I trade with currency pairs mostly.
Hi guys, u have been trading gold for only a month and would like advice from some experienced on gold what they feel is the best strategy and timeframe for the pair.