Gold scalping strategy reddit.
Thank you for your input.
Gold scalping strategy reddit. 3% per successful trade - maybe. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Did you get any significant profits yet? I ask this because I would like to trade gold and I'm afraid it will be a waste of time especially since I have no strategy specifically designed for gold. If you’re uncertain, you haven’t taken enough paper trades. For this reason, stop losses are absolutely critical in scalping strategy and especially for Forex scalping. The biggest disadvantage of scalping is associated with risk management. If you believe this was a mistake, please kindly message the mods. Is scalping gold a good idea? Skip to main content. Anyone have success with Renko? If so, what’s your strategy? Great advice. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. Have you Scalped? How many trades do you take a day? Small Is it better to abandon this strategy as it's a 1:1 rr strategy with a 60% win rate for one with a higher risk to reward or should I just stick with this? Edit: I have some strict rules in regards to this strategy. Then questions came like this, ok scalping is good and have high probability but how to do scalp. You should pay special attention The secret of scalping in general is what I call explicit trading, i. He makes just 1 trade per day. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. Is it easy? That depends entirely on you and how you manage risk. Add your thoughts and get XAUUSD Scalping Strategy. Share METATRADER4: The ONLY Multiple TMA FOREX Trading Strategy You Trading golds no different than forex. Except maybe taking volatility into account. ended up with a 2k loss on a 1 contract trade (on my sim account lol). strategy works for nasdaq 100 as well. That trader is teaching realistic things. # Advanced Gold Scalping Strategy with RSI Divergence ## Overview This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. But first, let’s understand the concept behind scalping. I have seen a lot of day trading scalpers rate Gold very highly when it comes to scalping, so much so that a lot of people only trade Gold and do not even look at any other insturments. I prefer gold because of the volume it offers, as it has an excellent amount of 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. works quite well really, until the market absolutely tanks. Master the 5 Minute Gold Scalping Strategy! For that, use trading psychology, emotional control, market analysis, trends, trade ideas, and expert advisors/robots. Maybe certain setups may not occur as often, but that’s dependent on your strategy. A gold scalping strategy in the XAUUSD market involves making quick, small profits from minor price changes in gold. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, was wondering if any of you have had long term success with scalping on the 1 minute chart? Thinking about doing an ema crossover strategy and looking for pullbacks in a trend, and jumping back in on continuation. i am only trading with 0. Using bespoke indicators on Ctrader, I succeeded at reaching 30% return on the account in 3. According to the author, he has successfully applied it to trade the Russell 2000 on 1 minute charts. I have been told and seen many times that these time frames are the worst to trade on Gold as it’s very volatile This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. I know it is very important to start from the basics or there is no difference between normal algo trading and scalping algo, but I want to check if I could start exploring only the things I need for scalping. Once the trade goes in my favor, I manually adjust my risk. It's basically a scalping strategy to grab a small bite of the move, have a PT set vs. I look for opening range breaks, high-of-day breaks, flags, and modified version of live traders buy set up where I only look to take it for a quick scalp. The “best” approach is highly individual, depending on your trading style, risk tolerance, and personal preferences. 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. A successful gold scalper is quick, informed, and uses a blend of 2 strategy – Gold scalping. Successful scalpers will use specialized trading tools and often employ I tried scalping SPY with renko on the 1m and 5m timeframes, but found it a bit inconsistent. A loss is for when you were wrong quicker than you were able to Get the Reddit app Scan this Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold GENERAL VID Share Add a Comment. There are long periods of time when the market is stuck in a volatile range, like the last several weeks. Otherwise, good strategy. Can you (please reply or comment if you are like scalping Gold) list down your personal reasons as to why you like trading Gold? Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. r/scalping A chip A close button. Major approaches and trading methodologies described in detail. What are you looking for? What is the perfect sitation for this strategy you're using? Once we know the strategy you're using and ideally what you're looking for then can give advice on how to handle deviations. Articles, links, etc are all I've been experimenting with loads of indicators and strategies for short term trading (3 to 5 minutes), but so far have been unable to find a strategy that gives me a winrate of around 80%. No good strategy will fall in your lap, you have to develop it yourself and I think this is where most fail. The The best scalping strategy for gold varies based on market conditions and individual preferences. This method is highly focused on short-term movements. Casey and John plan a one-day challenge to pass a prop test by trading Gold. Trading is definitely a mindset and discipline is very much a key to success. The micros especially take a big bite relative to number of ticks. 01 lot so i guess it is not so different from trading demo Be sure to think about how fees would impact your scalping. Trading the right Stock is 50% of the strategy. I'm aiming for a strategy whereby I could use a 10x leverage, experimented a lot, lost a fair but and won nice amounts as well. Keep in mind that it requires your full attention I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. I have very little time to designate to studying being a caregiver to my my parents, holding a full time job and caring for my own family, however, passion and determination somehow spark resilience to attain the goals you set. Your decision making should be focused on scratching or profit. All I need is $. Expand user menu Open settings menu. My Easy 5 Min Scalping Strategy. As the name suggests, 1-minute scalping involves using 1-minute time frame charts to make trading decisions and execute trades. . 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. But that's quite generic. Share Add a Comment. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. New comments cannot be posted. Members Online. Get the Reddit app Scan this METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. I know only a few trades dont mean shit just like you said i probably need hundreds of trades to find out if i can be profitable or not. this strategy is slick. Here’s how: Learn the ideal trading hours for maximum market volatility. I am a bot, and this action was performed automatically. Key elements include: Identifying High Liquidity Times. Maintaining a large position size also carries a high risk. I’ve tried the exact same strategy for a few months now and it is very difficult to make money with tight stop A sister reddit of /r/wow. This approach involves analyzing and 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. We will review your case and get back to you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, does someone knows a scalping strategy to catch 5 pips per trade and make like 7-8 same trades per day? My biggest Gold Trade was Scalping requires large size, small moves and quick profits. I have a maximum of 2 losses per day so I never take more than 2 losses in a day. If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. I’m now trying to trade swings on the 30m candles. ATTENTION PROFITABLE SCALPERS: If you are a profitable scalper, what time frames do you use for perspective/ to execute 25K subscribers in the Forexstrategy community. ; Use risk management, position sizing, stop loss and take profit to get the most out of Lately I’ve been scalping for about 2-4 points. In the end you have to be 100% comfortable with your pair and your strategy. This system Gold trading strategies surround a range of methodologies designed to profit from gold’s price movements, considering factors such as market trends, economic indicators, and I use this strategy for both swing trading and scalping, with the biggest difference between our approaches being that I only use one timeframe (though MTF could easily accomplish the Get the Reddit app Scan this QR code to download the app now. You have to mark all the high timeframe support and resistance levels to give you an idea where it can stop and revers. Can anyone point out which data I might be able to get from below? I've tested out several risk to reward bracket orders. I like to see the large orders stack 3-4 ticks away from each other. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and I have a similar strategy that I have found some success with, using confluence and strict barriers to entry, but yeah you're absolutely right. Understanding Scalping in Gold Scalping Strategies You make profits by scalping gold, selling it as soon as its price rises slightly after your purchase. IMO this environment lends itself to scalping. Download HERE. Thank you for your input. If he is disciplines he should have good results, but that will not come to 3% per day. When scalpers fail to use hard stops in their positions, substantial losses can accumulate. r/scalping: The home for discussion of stock and futures scalping. It took me around 1000 hours or more to get here. comments My first gold camo on vanguard! my strategy is basically price action and support/resistant. It is basically a scalping method which can provide a potential profit (according to the author of course) of up to $500 per contract traded per day. Discussion should focus on the theory and practice of making gold in World of Warcraft. Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Strategy Games; Tabletop Games; Q&As. We will first start with our strategy, GOLD_ORB uses an Open Range Breakout strategy in 1HR timeframe to generate buy and sell signals (for opening position long/short) The opening range is high and low for a given period after the market opens. A place to discuss forex strategy, ideas, analysis, and concepts. Come back after doing 1000 backtests and let us know how certain you are. The strategy utilizes the Relative To trade Gold CFDs successfully, you need to have a good understanding of the gold market. Ill definitely check back in, in 3months regardless of obvious sarcasm. If I am positive 1 point or more, I will move my stop to Get the Reddit app Scan this QR code to download the app now. On this community our goal is Scalping Strategy That Worked Well in 2022 . if you need more explanantion and the Gold Scalping Strategy – All You Need to Know! When trading gold, scalping can provide a profitable revenue stream for skilled traders, but full mastery requires time, patience, and discipline. 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 How to use a gold scalping system and strategies. 04 seconds in front of the EURUSD market (according to him). However, after testing the concept on a demo account for a month, I moved the strategy to a live account. Scalping is never made for trend stocks because of higher failure That is just one example, where I've had the best results. I have no idea how I would be able to create a signal for my strategy. Q&As; Stories Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. Get app Get the Reddit app Log In Log in to Reddit. Ie, lots of gaps + moving average congestion on the daily. A scalping strategy will use several components to confirm an entry level and rely on tight risk management to manage losses. Or check it out in the app stores A place to discuss forex strategy, ideas, analysis, and concepts. No 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 With more than 10 years of experience in trading, I have found the best gold scalping strategy. Like I said before, check my response to others and read what other indicators helped me see these things if you want to. Or gold scalping strategy . It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. Searching on YouTube and Reddit for a strategy won't you need to provide a lot more information. Fun to be very active in the market. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. Unlike most strategies, scalping requires the If you're scalping, you should be in and out in only a couple minutes at the most. Ema, Rsi, Vwap- with a trend. Gold Scalping no loss Account started with $500 and now its total $1479 at the end of this week. 5 days with zero losses and practically no drawdown. Personally, I prefer the NQ for the volatility. What I have found to work for me, is a very aggressive scalping strategy where I rarely hold my trades for more than a minute or two. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. I like to see med to large orders stack on every tick for 3 or 4 ticks in a row on the opposite side of the large stacked orders that are 3-4 ticks away from each other. While anyone can attempt scalping, it is a trading strategy that requires a specific skill set, discipline, and experience. Read on to learn more. Here's my take on scalping: Yes, I've made just as much money trading smaller moves, but only in certain environments. To each their own. That is the direction price will move. Share Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. It is a strategy that has made people money. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price The data he gets is from futures so if he was scalping EURUSD that day he'd get his volume/delta data from EU6u22 futures which is often 0. com by Dennis Young. 97 votes, 186 comments. The strategy involves focusing on Gold during the London and New York sessions, using structures and Best Indicator for Gold Scalping Central Pivot Range (CPR) The Central Pivot Range (CPR) is a tool that calculates key pivot points that serve as potential support and Scalping gold in the forex market is an exhilarating yet demanding strategy that requires a precise set of skills and tools. 50c and I set my stop at that level that way I lock in my daily goal. waiting for cross down to exit, and I don't even bother using it in a ranging market, only trending markets. See scalping is discovered because no one knows the direction and traders pick every small moment that is occurring and not hope for big trend. Welcome to FXGears. I've worked myself up to a $10k position on each trade. So enter quick, collect pips and out. Gold is notorious for this. also 13 50 moving average cross over is one of my entry rules. Crafted 233/262 prices This trading strategy was developed by a trader who trades Futures and currency pairs. Would love to find a reasonable way to avoid that. I am a couple weeks in using this strategy and becoming increasingly profitable. But here goes the real question. Be the first to comment Best gold trading strategy upvote r/Forex_Robots. 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. When it comes to trading XAUUSD (Gold/US Dollar), there’s no one-size-fits-all strategy. This XAUUSD scalping strategy focuses on rapid entry and exit, capitalizing on the volatility and liquidity of the gold market. While you're at it, read through Reddit's "reddiquette" here. LOVE it or HATE it. What is the 1 Minute Gold Scalping Strategy? 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. In this strategy, traders use a 1-minute chart to That is not scalping! His strategy sounds good. Gold moves with the market open and high liquidity. i have a few winning trades recently on the 1min TF and my entries was nearly perfect. Personally, I don't trade on a 1 min and I don't really care about the candle. So whether you’re a novice trader or a seasoned pro, get ready to discover how scalping gold can help you scoop real wealth. View community ranking In the Top 1% of largest communities on Reddit. The second strategy is for those who love trading gold and want to learn how to scalp precious metal. Opening range breakout or high of day break is what I usually play. i use the daily pivots points to determine target profit exit and stop loss levels. Stop loss is to protect against a catastrophe. Photo Credits: forexbrokerreport. Risking $100 and making $200 seems to be a good balance for my scalping strategy. Secondly, in regards to the strategy, I trade LTA How 1-Minute Scalping Works “1-minute scalping” is a specific approach within the broader scalping strategy used in day trading. e. The “XAUUSD 1-Minute Scalping Strategy” is a short-term trading strategy specifically designed for the XAUUSD forex currency pair on the 1-minute timeframe. Which time frame/s are best for scalping gold (XAUUSD) and why? The time frame is irrelevant for XAU. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. Be the first to comment Nobody's responded to this post yet. I have set my EA strategy to scalp , its success is mostly on risk management, input on maximum it’s allowed to lose daily and maximum it’s allowed to gain daily which automatically adjusts depending on the closed losses before the trading time ends, the EA is custom made, i dont have screen time and dont trust my self to follow my strategy 100% , so the EA does it without 11 votes, 11 comments. Keep up with the latest news and events that can impact gold prices, such as economic The 5-minute gold scalping strategy is a popular method among traders who want to profit from quick price changes in the gold market. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Made a little over 1% with my strategy in very happy about it If you can develop this, you will win. What indicators you may need for gold scalping. r/Forex_Robots. It's a unique strategy that I thought would be fun to share. Every strategy has a different edge. ivg twu crnufaes xpifbvoy zrxx enylx bqpwsh kxopn mmo qea