A scalping strategy for Gold, which employs a few safety mechanisms such as dollar cost averaging, trailing stop loss and a wide stop loss. The wide stop loss allows for the account to increase its opportunity to close during retracement. Does not trade on a Friday and during high impact news days.
Targets:
Target Annual Returns = Around 100%
Target Monthly Growth = 8.0%
Possible Drawdown 100% [Adjust Multiplier down if you find it too high]
Recommend:
Deposit: Minimum $1,000 is recommended
Account type: Any, with a minimum spread (preferably ECN/Raw)
Leverage: 1:500 is recommended
Symbol: XAUUSD
Tips:
Do note that by following the account 1:1, you will be risking 100% of your account. Remember to do consistent withdrawal to remain risk free.
Open Date | Close date | Symbol | Action | Lots | SL | TP | Open | Close | Pips | Profit | Duration | Gain |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6.0 |
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240.0 |
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75.0 |
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179.0 |
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62.0 |
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25.0 |
|
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514.0 |
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121.0 |
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-188.0 |
|
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-444.0 |
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