Great news! I love XAU/USD!!! Waiting... :-)))
I have uploaded to my blog site the mq4 files for gold and silver, and you can download them now. They are as follows:
Vegas Gold STA Long.mq4
Vegas Gold STA Short.mq4
Vegas Silver STA Long.mq4
Vegas Silver STA Short.mq4
Right now, the risk models are as follows:
Gold: RM = 3
Silver: RM = 3
The following are the Fibonacci numbers for each Risk Model number:
RM 1 = $8.90
RM 2 = $14.40
RM 3 = $23.30
RM 4 = $37.70
RM 1 = $0.21
RM 2 = $0.34
RM 3 = $0.55
RM 4 = $0.89
Just a reminder, for the precious metals nothing changes for the 4 Hour chart.
Let me know if you have any questions. Enjoy everybody.
Off course it is a question!! :-)
Yes, with the ranges above $15 per day in gold and 30 cents in silver, even the somewhat wider spreads allow for good trades. Once you see with the algorithm up on your screen, you'll see what I mean.
Thanks Vegas for your system!
I'd like to ask you if arrows will appear on the 5M charts or they are only for information purpose on your trading manual?
Sorry, but I can't see what you mean. As I see the aqua line with RM3 = 23.3 $ is very far from the price and I can't imagne that it would be the exit trigger because the PSAR dots or the crossing back will make me exit earlier.
And for scalping I don't see how I can use XAU even with the algorythm.
Perheps I miss something... :-)
PSAR dots are not used in the usual way. The dots are 1 of 3 possible exit points. The aqua lines are also 1 of 3 possible exit points. You need to go to Vegas's blog and download the file and read the guide.
I put the arrows in manually so it would be easy for readers to spot. Same with the examples on the other forum.
Thanks for respond. I've tried system yesterday (Euro session - E/U), made 18 pips, exit at 1.3800. I'd like to ask you which pairs do you recomend to trade with your system? I live Downunder and I don't trade USA session. So only Assian and Euro left, Assian is hard to trade (as you said). And another Q is: E/U, G/U and A/U are in some sort of retracement on 4H charts - going up lately - do you trade only short on those pairs or do you swich to long? I've read rules, I'm just curious what you are doing at such times.