Gold scalping strategy reddit. strategy works for nasdaq 100 as .

Gold scalping strategy reddit If you must use an indicator, I suggest one that can average out buy/sell tick volume to help reduce market noise while using the lower timeframes. But i do agree gold can sometimes move 500-1000 pips a day. No set strategy for futures scalping. I would not ever consider a strategy that returned less than this. I also consider the max draw down of the strategy. A few days ago gold skyrocketed 400 pips in one minute. The secret of scalping in general is what I call explicit trading, i. 1K subscribers in the ForexCracked community. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. 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. XAUUSD Scalping Strategies with Robots and EAs. If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. This indicates a tight stop relative to the potential profit. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. Welcome to FXGears. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. Be sure to think about how fees would impact your scalping. 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. They've made a lot of mistakes so its been a useful learning tool. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. We are talking about the same thing. It's not uncommon to see scalpers having upward of 80% as winrate. 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. If you really insist on scalping, look into one-minute scalping strategy. For beginners why not stick to day trading (frankly imo the only way to make consistent money)? You need to understand the market dynamics well enough to know when there is an imbalance that can bring you small profits. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Reddit scalping strategy for Gold - XAU/USD 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. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. It can see volatile a random pair to trade. . I am a couple weeks in using this strategy and becoming increasingly profitable. Stochastic Oscillator Strategy. A place to discuss forex strategy, ideas, analysis, and concepts. We also encourage members to post news, rumors, and updates related to the game. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. This tells me how much of my bank the strategy can potentially lose. Various market generated metrics I watch continuously: Welcome to FXGears. 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. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. Thanks Welcome to FXGears. 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. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. Get the Reddit app Scan this QR code to download the app now METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. While you're at it, read through Reddit's "reddiquette" here. Range edges, are the top most part and bottom most part. also 13 50 moving average cross over is one of my entry rules. To each their own. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. strategy works for nasdaq 100 as Welcome to FXGears. Articles, links, etc are all welcome. Options are crazy volatile, especially on TSLA, so it's best to take your win and jump out vs letting it reverse on you for a loss. 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. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. I was also scalping gold past week. If you're scalping, you should be in and out in only a couple minutes at the most. Moving average strategy. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. Your decision making should be focused on scratching or profit. Forex trading Robots and various Expert Advisors! Members Online For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. 10, 100. Nov 19, 2024 · Gold scalping in Forex is a highly effective trading strategy that allows traders to profit from small price movements. You can scalp this pair all day long. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. The secret sauce for me has been the timeframe/lookback interplay. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. The best scalping strategy for gold varies based on market conditions and individual preferences. I dont' try to trade everything, and my biggest jump in performance came when I stopped trying to trade every day and only traded when I was confident in the setup. There is always gonna be variance and random distribution of results, even with a successfully tested edge. 1. The micros especially take a big bite relative to number of ticks. Ill definitely check back in, in 3months regardless of obvious sarcasm. That is just one example, where I've had the best results. 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. A choppy day for gold means its stuck in a 100 pip range. Magnified gains corresponds to magnified losses. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. 11. Parabolic SAR Indicator Strategy. 0 when considering a strategy. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. These people are weird man, I don’t even understand it, everything is right there and no one does that, a select few 99 percent don’t show none of it, they are stuck with their decision, I probably have more hours on YouTube watching everyone then most and Don is one of the few I think is real, may not have the best strategy, a bad rr even The best scalping strategies. How so? It's not that hard. Scalping can be achieved by using the stochastic oscillator. EDIT These are nice trades though Welcome to FXGears. What I am doing when anchoring to a high volume reversal is you can now see where the average buyer/seller is from that high/low. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. On this community our goal is to share most latest forex trading manual and automated strategies. In fact, I prefer profit factor of at least 3. The term stochastic refers to the Silver Trend Following Scalping Strategy for MT5 FREE Download 😍😍💸🤘 Get Premium EA and indicators ,lessons strategies free everyday 💸 Link in Bio 💸#forex #forexea #forexexpert #forexexpertadvisor #forexexpertadvisorsfree #forexcracked #freeforexsignals #freeforexearobot #forexrobot #forextrading. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. That and they dont push courses or merch so thats nice lol Personally I spent years reading/listening to everything out there and I've tried almost every strategy before settling on the very few strategies that I currently use. e. I am a bot, and this action was performed automatically. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. 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). Aug 28, 2024 · 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. 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. Many platforms offer pre-built scalping bots or allow users to create their own with specific parameters. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. 00, 100. "Degenerate Candlesticks" on YouTube is currently doing a small account challenge utilizing a scalping strategy. Share your strategies, tips, and favorite moments with fellow fans. BRN = Big Round Number, like for USDJPY 100. Anyone here who currently trades Gold on these lower time frame and is consistently profitable, please could you drop some advice. However, using bots for scalping comes with its risks. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. I trade in the direction of the first 5 minute candle after the open. For traders who want to automate their scalping strategies, Expert Advisors (EAs) and trading robots are viable options. Even the big boys understand the market is not predictable beyond 5 minutes. Sizing those up and executing these perfectly is the main focus. RSI (Relative Strength Index) Strategy. 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. If you believe this was a mistake, please kindly message the mods. r/scalping: The home for discussion of stock and futures scalping. A community to discuss Affiliate marketing (AM,) paid traffic, SEO, email marketing, and more - has now been disabled indefinitely in solidarity with the current Reddit blackout to protest the new rules and regulations by Reddit CEO /spez. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. No one in their right mind will teach you this though. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. The strategy is solid, i just need to improve my ability and skill in following it. It has worked decently well, but not as good i think it can. I've been trading for over thirty years and if you find a successful way to scalp gold, you may want to write a book, play the lottery and start throwing darts at random penny stock symbols because those are more likely to be successful. It's more about taking very high probable small-movement trades. 20 etc (every 100 pips basically). i use the daily pivots points to determine target profit exit and stop loss levels. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. New comments I tweaked this strategy like the guy with the long comment suggested. If youre Interested in watching live examples, I'd definitely recommend it. S/R zones are beneficial to any strategy so using them would be a good idea. We will review your case and get back to you. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. 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. Every strategy has a different edge. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. A loss is for when you were wrong quicker than you were able to recognise you were about to be wrong. Stop loss is to protect against a catastrophe. 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. com, a trading forum run by professional traders. Ah interesting, thanks. zaxja gqezz xmeuffi nrfpx bkq sddwm telj shmv pbuz fxj