Volatility gold scalping strategy reddit. I was also scalping gold past week.

Volatility gold scalping strategy reddit If that's 100 units of gold per 1 lot, I'd say that's a decent gain but nothing unheard of, unless this was a crazy low risk % and stop. Jul 26, 2023 · The scalp trading strategy is a short-term, high-frequency trading technique that aims to make small profits on small price movements. 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. We also presented some of the best gold scalping strategies in Forex that can lead to quick profits and success in the gold market. The trick is adjusting your strategy when it fails on live data, finding out why it failed, and diligently testing new ideas as new data rolls in. 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. Just these two instruments alone, should help you generate 6-7 figures in net gains yearly. Do NOT trade using a BONUS Do NOT use the Roll Over or Double Up If the payout lowers from 92% after your trade STOP! 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. Maybe looking for a strategy is the problem. The time frame is irrelevant for XAU. I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). The changes in volatility and time decay are much more impactful in swing trading options than scalping options. Depends on many factors, but for Forex specifically yes scalping is the hardest way to trade IMO. To each their own. This is such dumb point of view. There is always gonna be variance and random distribution of results, even with a successfully tested edge. I’m looking for feedback on how to optimize this strategy and better understand the risks involved. This means this pair has high volatility. When you say "position size of 1", lot size specifications vary by broker. Scalpers can enter trades when the price reverts back toward the middle of the bands. This system is based on custom technical indicators for Metatrader 4, so unfortunately it can only be used on this Welcome to FXGears. strategy works for nasdaq 100 as Welcome to FXGears. Welcome to FXGears. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. That is just one example, where I've had the best results. One great way to visualize the money that can be made scalping options is to pull up a price chart of the option contract itself next to the movement of the stock. If you're going to trade gold, in my opinion its imperative to understand and analyze the higher timeframes. I know most people focus on scalping the high volatility times like the opening range and also the close but possibly consider the midday where moves are slower and give you an opportunity to properly analyze without being rushed. The 15m just isnt reliable structurally. very nice day. You can also reduce your size and have a bigger stop, but you need to be confident in what you are doing. You can scalp this pair all day long. like the "big" bull we had recently. 6-8 points is close but sometimes you will be taken out only to see the market reverse shortly after. 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. But i do agree gold can sometimes move 500-1000 pips a day. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. Hey y'all, I spent a lot of time practicing scalping on EUR/USD following Bob Volman's methods and never gotten anywhere with it. I was also scalping gold past week. It can see volatile a random pair to trade. Tradingview and github are full of effective strategies. My goal is to set a take-profit target of 5% - 30% to scalp profit from the volatility. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. it worked to following the simple setup. Sizing those up and executing these perfectly is the main focus. Feb 15, 2024 · The 1-minute Gold Scalping Strategy in Forex trading is a high-frequency trading strategy designed for those who wish to try engaging in rapid trades with small potential targets. . When Is the Best Time to Scalp Gold? The gold scalping strategy will determine the best time to scalp gold. You should pay special attention instead to retracement and expansion. I am a couple weeks in using this strategy and becoming increasingly profitable. Hello guys, can anyone suggest the right way to enter the trade on 1 minute or 3 minute timeframes for scalping? Well, in general, I'm using the "Bollinger Bands" scalping technique, which means when candlesticks cross the upper BB bands, I enter short selling, and vice versa. i use the daily pivots points to determine target profit exit and stop loss levels. Gold moves with the market open and high liquidity. This strategy was tested for OTC Currency Pairs Only, Not OTC Stocks, Crypto, Commodities or Indices or MT5 trading. Aug 28, 2024 · Read on to find out how you can develop your gold scalping strategy. Adjust it based on volatility. Here's the Strategy: Only trade OTC when payout is 92% of more. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. 3 points is not enough in this volatility. But The Truth is Only You Know The In And Out Of Your Strategies. 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. Ill definitely check back in, in 3months regardless of obvious sarcasm. No set strategy for futures scalping. What Is Gold Scalping? Gold scalping is an ultra-short trading strategy that relies on technical indicators and price action on the M1 or M5 timeframes to find entry and exit levels. Scalping system to trade spot Gold (XAU/USD) In this article we are going to introduce a scalping trading system designed for trading spot gold (XAU/USD), which can be quite profitable if the trader follows the rules carefully. 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. Aug 28, 2024 · Traders using a gold scalping strategy also use the M30 to H1 timeframes to analyze the short-term trend, as trading in the direction of the trend can increase the profitability of the gold scalping strategy. A choppy day for gold means its stuck in a 100 pip range. EDIT These are nice trades though Welcome to FXGears. 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. also 13 50 moving average cross over is one of my entry rules. You have to deal with spreads, you have to be very decisive and you have to trade with more size (which requires a bigger account due to margin being higher) which can be more dangerous with volatility spikes. Even if you're an SMC trader, gold on the 15 and 5m is very volatility and doesn't respect structure. I use tradestation if any of my words seem alien. Keep Refine It And You Will Find Your Edge In The Market. A few days ago gold skyrocketed 400 pips in one minute. I use volume curve and volatility window to tell me if a rreal change is legit. If I'm trading gold, I already know that volatility will be higher, so I'm calculating a different stop but with the same risk %. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. Unless you are in the final hours before expiration. IMHO, NQ is a great scalping instrument while ES can be traded using good TA. PATs has been a successful strategy for over 20 years now from what I understand in any type of market condition, so I’m literally betting on it continuing to be remain an edge. It will pop up and down in NY session and even London session with no warning. 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). Depending on the day, I scalp ES, but everyone’s opinion on scalping is different. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. I have been scalping s & p 500 and us30 basically using the same strategy, i use the 15 minutes and look for breakouts at the first 2 hours of opening of the market. Most people should be able anticipate where the market goes for the next 1-3 candles to some degree. Personally, I have a few other instruments in my list that trade to offset some of the volatility that index futures otherwise are capable of delivering. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. 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. Strategy for Using Bollinger Bands in Gold Scalping. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. Volatility Breakouts: When the price moves outside of the Bollinger Bands, it often signals an impending reversal. In the context of gold trading, scalping involves buying and… Nov 19, 2024 · The necessary conditions for gold scalping include frequent trading opportunities throughout the day and the use of indicators such as EMA, SMA, and MACD for analyzing trade entries and exits. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. The secret sauce for me has been the timeframe/lookback interplay. Anyone can code a working strategy that backtests well on a few months of data. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. Traders using a gold scalping strategy also use the M30 to H1 timeframes to analyze the short Nov 7, 2024 · The bands expand during high volatility and contract during low volatility. You usually can't do this alone. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. Every strategy has a different edge. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. It was a while ago when volatility was very low: I would take some trades that seemed to go in the right direction but they fell short of the take profit basically. com, a trading forum run by professional traders. 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. lydnih koawprfzl xbjql lpuy lhsz drrfeg hwlaro nkytuu lpoj psdwgi