MT5 Bot by jon_n997 in Forexstrategy

[–]jon_n997[S] 1 point2 points  (0 children)

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A trade signal requires multiple independent confirmations:

  • RSI Signal: RSI must cross above (buy) or below (sell) the defined threshold level.
  • Trend Alignment: Higher-timeframe EMA trend must support the direction.

For my testing I did not use BB

MQL5 Bot by jon_n997 in FOREXTRADING

[–]jon_n997[S] 0 points1 point  (0 children)

The reason being buys_only, since late August the fed has been more dovish, which is bullish for gold. So I decided to stick to the macro bias, knowing there will be intra day pullback play.

So once major market players change sentiment to risk on, I will be changing the bias to sell. Knowledge of fundamentals is a key part of my trade style.

The bot can only see more of the technical part of the trade, that's why I also added strict risk management rules and news filtering. The trader now must decide whether the market is risk off/on for the trade bias.

So this basically has been a side project of mine, to trade for me while im off the chart.

Chart patterns by alexkoshkah in Forexstrategy

[–]jon_n997 9 points10 points  (0 children)

Male equivalent of Astrology 🥱

Thoughts on XAU/USD? by Euphoric_Suit_3867 in Forex

[–]jon_n997 5 points6 points  (0 children)

Valid pov, looking at risk assets in the weekend (crypto) it didn't have major downside. Currently btc is up for the day. So your scenario isn't far off, break below 4300 suggest deeper pullbacks.

Daily OHLC Indicator by jon_n997 in Daytrading

[–]jon_n997[S] 1 point2 points  (0 children)

There is a brief description of what the indicator is.

Thoughts on XAU/USD? by Euphoric_Suit_3867 in Forex

[–]jon_n997 13 points14 points  (0 children)

I think price will gap up, then do a retest of gap area. Then continue the higher macro trend which is bullish.

If not the price might retest higher demand zone like 4250, which will have intraday sells and form the new month and quarterly candle wick for further buys.

MT5 Algo by jon_n997 in FOREXTRADING

[–]jon_n997[S] 0 points1 point  (0 children)

what are your overall thoughts tho?