Gold scalping strategy reddit. com, a trading forum run by professional traders.

Gold scalping strategy reddit 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. This indicates a tight stop relative to the potential profit. Not to mention scalping strategies are very hard to stick to unless they are automated. 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. It can see volatile a random pair to trade. I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. But first, let’s understand the concept behind scalping. It's more about taking very high probable small-movement trades. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. Hi, I wanted to ask what scalping strategies do you use. com This article will guide you through proven XAUUSD scalping strategies, tips for getting started, and potential pitfalls to watch out for. i use the daily pivots points to determine target profit exit and stop loss levels. A choppy day for gold means its stuck in a 100 pip range. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. You have to be a step ahead. If you really want to invest and make cash then trading with high leverage on a 1 minute scale isn't the best way to go. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. Is scalping crypto currencies something doable? Should I stick to scalp only BTC? Is it always like that or the last months are a bit incertain and all cryptocurrencies are strongly linked to BTC? I'm starting to include BTC trend in my strategy, no matter with token I'm scalping, but I wanted your more experienced opinion. So I want to ask you, how do u calculate position size so quick for scalping. Personally, I find value in using both the MACD and RSI in my trading strategy. Ah interesting, thanks. Fun to be very active in the market. Otherwise, good strategy. I was also scalping gold past week. Mar 24, 2023 · So whether you’re a novice trader or a seasoned pro, get ready to discover how scalping gold can help you scoop real wealth. So. Scalping is never made for trend stocks because of higher failure This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. Using bespoke indicators on Ctrader, I succeeded at reaching 30% return on the account in 3. They've made a lot of mistakes so its been a useful learning tool. Nov 19, 2024 · Gold scalping in Forex is a highly effective trading strategy that allows traders to profit from small price movements. Even the big boys understand the market is not predictable beyond 5 minutes. Scalping can be achieved by using the stochastic oscillator. 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. Be sure to think about how fees would impact your scalping. A loss is for when you were wrong quicker than you were able to recognise you were about to be wrong. . We are talking about the same thing. This is my exact strategy. 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) Honestly think you should risk about $10 per trade, and try various kinds of trades, eg scalping 15-20pip, looking for bigger trades of ~40-60pip, try and find a 100pip trade etc. See full list on mtrading. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on Never take a strategy someone else suggest live without tons of testing, otherwise you expose your self to tons of risk. 🏃🏾🏃‍♀️🏃🏻‍♂️ _____ Users can trade their NFTs on the in-app marketplace. Jun 25, 2024 · # 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. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements that uses a dual-token system. Indeed, each of these indicators - Stochastic, RSI, and MACD - provides a unique perspective on price momentum and potential reversals. This is the VuManChu Cypher B+ EMA Pullback Strategy. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. A place to discuss forex strategy, ideas, analysis, and concepts. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. 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. i’ve got the strategy but my problem is position size. All I do I scalp options, usually weeklies. works quite well really, until the market absolutely tanks. Scalping does not work in the longer run due to cost of trade factors, you are paying quite a chunk of your profits in the form of charges (commission and spreads) every trade (even if using a raw spread account or something similar), in the longer run if you are not using a 80% accuracy rate system with minimum 1:1. I have been day trading gold quite a bit lately (I am trading the ETF GLD) because of the very clear support/resistance levels it has been respecting intra-day. Range edges, are the top most part and bottom most part. I'm trying to find some profitable scalping strategies on 1-minute and 5-minute time chart. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. Gamma scalping seeks to mitigate theta decay on a long options strategy (typically delta neutral). If you can develop this, you will win. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. personally, I think a scalping style of trading requires at the very least $50,000 IF you want a CHANCE at lets just say a $100 a day. And I think there are relatively few market participants. Gold isn’t forex, gold is a precious metal which has great volatility. 50c and I set my stop at that level that way I lock in my daily goal. In this article we will discuss how the gold scalping strategy can be risky but still a good choice for those who anticipate higher gains if compared to those generated when buying or selling the precious metal physically. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. Apr 12, 2024 · Overview. "Degenerate Candlesticks" on YouTube is currently doing a small account challenge utilizing a scalping strategy. I'm trying to use news for scalping rn, but I'm not really sure if its even a strategy that someone uses. 5 days with zero losses and practically no drawdown. There are tons of versions of gamma scalping, below is an overview of the base strategy. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Ill definitely check back in, in 3months regardless of obvious sarcasm. Yeah Ive managed to come out positive with my profits in the end manually trading, but unless youre scalping with bots optimized for that trading style honestly its more of a gamble in my opinion. Moving average 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. The price must be above the 200 EMA. If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. Parabolic SAR Indicator Strategy. A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. 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 can move in one direction for weeks without pullback. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Then questions came like this, ok scalping is good and have high probability but how to do scalp. You can only prove your strategy works if it has gone thru different market cycles. So I don't even look at strategies where they're not talking about resistance and support lol. This tells me how much of my bank the strategy can potentially lose. But i do agree gold can sometimes move 500-1000 pips a day. I would not ever consider a strategy that returned less than this. We will review your case and get back to you. 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. But The Truth is Only You Know The In And Out Of Your Strategies. 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. To each their own. The involvement from the community and constructive comments are limited. When Is the Best Time to Scalp Gold? The gold scalping strategy will determine the best time to scalp gold. I've worked myself up to a $10k position on each trade. While you're at it, read through Reddit's "reddiquette" here. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. 5 risk reward, sustaining in markets through scalping route is tough in the Perfect the heck out of your strategy, set goals and challenges on the demo account. Scalping is very subjective in my opinion. 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. If you're scalping, you should be in and out in only a couple minutes at the most. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Even the simplest strategy requires complex infrastructure to execute. One of the biggest factors being spread on the asset youre trading. My Easy 5 Min Scalping Strategy. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. It works like this: ENTRYLong. Magnified gains corresponds to magnified losses. "Scalping strategy targets minor changes in intra-day stock price movement, frequently entering and exiting throughout the trading session, to build profits. 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 View community ranking In the Top 1% of largest communities on Reddit. The strategy leverages the principles of dynamic 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. A few days ago gold skyrocketed 400 pips in one minute. 00, 100. New comments I tweaked this strategy like the guy with the long comment suggested. In fact, I prefer profit factor of at least 3. Would love to find a reasonable way to avoid that. Keep Refine It And You Will Find Your Edge In The Market. Al Brooks - Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the Serious Trader Bob Volman - Understanding Price Action - Practical Analysis of the 5-minute time frame 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. There's no point. So enter quick, collect pips and out. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. Users equip NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. According to the author, he has successfully applied it to trade the Russell 2000 on 1 minute charts. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. I also consider the max draw down of the strategy. com, a trading forum run by professional traders. Scalpers aim to make numerous small profits from quick trades, often holding positions for just a few minutes or even seconds. Don’t trade gold if you’re new to trading. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. 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. It will eat your account for breakfast. If it's a Thursday or Friday, I'll roll to the next week options chain, as it helps preserve profits as the IV crush can be nasty on a 0 DTE option. We also encourage members to post news, rumors, and updates related to the game. Share your strategies, tips, and favorite moments with fellow fans. Articles, links, etc are all welcome. If youre Interested in watching live examples, I'd definitely recommend it. As for an automated strategy as you mentioned lower automated scalpers are incredibly Welcome to FXGears. Sure your strategy works right now for the 3 months you've been trading. 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. Access to accurate data live feed as well as the ability to rapidly execute trades is a necessity for these traders. The price needs to make a pullback into the 50 EMA. 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. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. 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. 1K subscribers in the ForexCracked community. Dec 6, 2022 · 値動きが活発なため短時間のスキャルピングでも広い値幅が狙えるゴールドのスキャルピング。 トレードの時間を多くは取れない人でもサクッとまとまった利益を狙えるため人気のトレードスタイルです。 Learned this the hard way. ended up with a 2k loss on a 1 contract trade (on my sim account lol). Stochastic Oscillator Strategy. There is always gonna be variance and random distribution of results, even with a successfully tested edge. Prices are driven by trades. 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. 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. EDIT These are nice trades though Welcome to FXGears. It has way too many factors which impact it. There are tons of variations and people "gamma scalp" short options positions - these are all derivatives from the base concept. Just some advice. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. The profitability is quite good. I trade in the direction of the first 5 minute candle after the open. 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. 10, 100. And maybe have a separate acc for gold cause gold has no chill sometimes. The micros especially take a big bite relative to number of ticks. I have to make $10K without $1K in drawdown, or replicate the funded challenge rules. 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. Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. To establish gold scalping, you will need a typical Forex trading platform such as That’s your strategy for the entry pattern you look for and you’ve clearly optimized it to work for you. otherwise its full account trading for small moves over and over, i despise utilizing and really risking more than 10-15% of the account on any given position all it would take for the market is a few wrong scalps to spin your account and from there emotions Scalping requires large size, small moves and quick profits. BRN = Big Round Number, like for USDJPY 100. 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. 47 votes, 87 comments. Fully automating my scalping trading strategy into Algo trading! Pls let me know your feedback :) Full code snippets here… Welcome to FXGears. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. That is just one example, where I've had the best results. On this community our goal is to share most latest forex trading manual and automated strategies. That are probably the worst conditions for a retail trader with no experience to start with Trading isn't done properly in a year of hustling, it's not won by learning and trading 8 hours a day for a year and it certainly isn't mastered by only trying out scalping, or even worse just one scalping strategy. 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. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. Forex trading Robots and various Expert Advisors! Members Online 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. Welcome to FXGears. If you believe this was a mistake, please kindly message the mods. That doesnt account for the different strategies there are for scalping. I am a bot, and this action was performed automatically. I’ve got funded accounts with FTMO but on my Personal I use pepperstone, spreads tend to be around 10-14 but there’s no zero commission on gold, perfect for scalping, especially if you’re jumping in and out the market 20-50 trades a day Oct 17, 2024 · Understanding EMA Scalping EMA Scalping Strategies What is EMA Scalping? EMA scalping is a trading strategy that uses Exponential Moving Averages to identify short-term trends and potential entry and exit points. Searching on YouTube and Reddit for a strategy won't land you something interesting, been there done that. All I need is $. Ready to dive in? Let’s get into it! Apr 12, 2024 · The “XAUUSD 1-Minute Scalping Strategy” is a short-term trading strategy based on ATR and EMA indicators, tailored for gold (XAUUSD) trading. Simple, well-known strategies are going to be the ones that more people are using. The strategy is solid, i just need to improve my ability and skill in following it. I am a couple weeks in using this strategy and becoming increasingly profitable. It's not uncommon to see scalpers having upward of 80% as winrate. 1. 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. 20 etc (every 100 pips basically). this strategy is slick. Therefore, for novices, I recommend that you first become familiar with and master the trading of other currency pairs, and then gradually gain a deeper understanding of the characteristics and risks of gold trading. strategy works for nasdaq 100 as A place to discuss forex strategy, ideas, analysis, and concepts. also 13 50 moving average cross over is one of my entry rules. 0 when considering a strategy. S/R zones are beneficial to any strategy so using them would be a good idea. 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. You can scalp this pair all day long. Trading the right Stock is 50% of the strategy. Gold Scalping Trading System Explained. Personally, I prefer the NQ for the volatility. However, after testing the concept on a demo account for a month, I moved the strategy to a live account. 🔥 Here in our pirate haven, we be sharin patented strategies This trading strategy was developed by a trader who trades Futures and currency pairs. It took me around 1000 hours or more to get here. Get the Reddit app Scan this QR code to download the app now METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. Ema, Rsi, Vwap- with a trend My first gold camo on vanguard! 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. Hey boys, I am using doyle exchange strategy ,so Supply and Demand on 5m chart. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. It doesn’t move like forex pairs. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. Is it easy? That depends entirely on you and how you manage risk. r/Forex is not a good place for learning about strategies. We would like to show you a description here but the site won’t allow us. It has worked decently well, but not as good i think it can. 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. true. Stop loss is to protect against a catastrophe. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. Hey there, I recently discovered a pretty interesting strategy and created a script for it. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. 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. The term stochastic refers to the r/scalping: The home for discussion of stock and futures scalping. If you really insist on scalping, look into one-minute scalping strategy. 🏴‍☠ Arr, ye scurvy dogs! Welcome aboard our fine vessel, the Reddit community where we be settin our sights on scalpin the treacherous seas o' forex, crypto, an stock markets with precision like no other! Tis a place where ye can learn the ways o' the trade, share yer plunderin tales, an' discover the secrets to success. My point was that others’ entry strategies may have such a lower probability of running and higher probability of short term reversal that, in those cases, TP at the point that the majority of cases reverse is the more profitable play. If you apply a strategy without thinking about price action, it'll never make you profitable. But what are you gonna do when your strategy stops working because changes in the market cycles. RSI (Relative Strength Index) Strategy. Understanding Scalping in Gold Scalping Strategies You make profits by scalping gold, selling it as soon as its price rises slightly after your purchase. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. Get the Reddit app Scan this QR code to download the app now Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold GENERAL VID Welcome to FXGears. Your decision making should be focused on scratching or profit. Opening range breakout or high of day break is what I usually play. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. Emotions will screw most of us taking many losses on such short stop losses. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. 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. No good strategy will fall in your lap, you have to develop it yourself and I think this is where most fail. wkhpgd yfddsa uykuh fvq jext rzpkals wuve tufmhqum cixzk coelnd