GOLD signal

[zub2004]

Hay all again now i have short GOLD 672.10
2 trades 1st TP is : 663.10
2st TP: Let it run

[scorpion]

Thread moved from trading systems forum.

Keep all your trading here, not every thread and forum you see.

[dekac]

Hi
Gold- (XAU)rose by US$2.70 an ounce to US$662.60 in response to a weaker USD and a rise in oil prices

[WAI WONG]

I have problem when I enter the market.
When I saw the "Sell signal", I short the market, after I entered the market the
"Sell signal" suddenly changed to "Buy signal".
Can somebody tell me "How to enter the market correctly?"

Thanks

[scorpion]

The problem is with your system. Whipsaws will kill it. The system shouldn't treat the slightest change in price as a change in signal. It's common to see such system in MA crossover, MACD crossing 0, RSI reaching oversold/overbought, etc.

Try adding some filters to it. You take the trade only if it has crossed and stayed there for a few bars, or only if indicator 1 has crossed indicator 2 for some distance. If I'm not in a hurry, I will wait for price to break out by creating limit order to buy at today's high or sell at today's low. To go up one more level, I would use Super S/R indicator to box the price for breakout.

[zub2004]

Originally Posted by zub2004

Hay all again now i have short GOLD 672.10
2 trades 1st TP is : 663.10
2st TP: Let it run

Closed trades !!!
1 st tp hited +900 pips
2 st tp closed +1130 pips
---------------------------
TOTTALY :2030 pips
Lets weit next signal