gold is very very trendy maner
when price is below sma200 daily ,only looking for sell (never reverse on gold,oil and trendy markets=margincall)
see green line , in 15min chart put sellstop under last clear low(5 pip below low) ,put SL on last high tp =3*sl or fibo 161%
NOTE= DONT JUDGE SOON LIKE STUPIDS,TRY IT 3 MONTH, THIS STRATGY NEED 3 MONTH PRACTICE TO FIND ITS SECRET ,in frist days you will see 70% sl but with practice you can reach 30% sl
money managment= levrage must under 25 , per 1000$ balance 0.01 lot (max open order=2)
after put order(in real account) shot down your platform and go away 24 hour
when price is below sma200 daily ,only looking for sell (never reverse on gold,oil and trendy markets=margincall)
see green line , in 15min chart put sellstop under last clear low(5 pip below low) ,put SL on last high tp =3*sl or fibo 161%
NOTE= DONT JUDGE SOON LIKE STUPIDS,TRY IT 3 MONTH, THIS STRATGY NEED 3 MONTH PRACTICE TO FIND ITS SECRET ,in frist days you will see 70% sl but with practice you can reach 30% sl
money managment= levrage must under 25 , per 1000$ balance 0.01 lot (max open order=2)
after put order(in real account) shot down your platform and go away 24 hour