note, Back-test may have some difference from real, cause of EA use fundamental data and US10Y data to predict the gold movement.
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Brief about, gold/XAUUSD?
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world.
Most commonly quoted in US Dollars is (XAU/USD).
All the times in Forex, Hedge funders and big kids use gold to hedge their basket from market risk. and they use this gold as a hedge. For this reason, gold, holds value well and making it a reliable safe-haven like risk-on risk-off sentiment.
When the USD dollar get some power, big Kids sells gold to buy US dollar and if US get down they Buy gold to protect their assets. Generally gold price tends to increase as stocks and bonds decline.
With technical analysis of live gold prices on the real-time XAU/USD chart, reading economic news of USD and with fundamentals data you can have a good gain from this shiny metal.
So, why we need fundamental information when we can use Technical analysis?
Cause of we are taking about safe-haven pair on the FX market. Gold is like to a alive character, it react fast on the economic news, react fast with change the country policies. And react fast with Inflation expectations of United states.
Now how we can manage all this information together?
We are collect all this information as a complex trading assistant panel in our Expert advisor.
The Gold Extractor EA
Gold is a precious metal, a safe haven pairs, Gold is alive creature... So its nor professional to trade it just with technical analysis.
When the market going to Risk/ON - Risk OFF, US polity changes, Country bond yield changes, they changes all the static technical.
We use online fundamental data and US10Y and Inflation Expectations to trapping gold movement.
- Nice, complex panel with all functions you need to have. BUY SELL button
- Trail function, Auto close function, martingale, Auto Close with your desire profit.
- You have all the economic news/calendar listed on your chart, on your panel + Session market time
- You have all the Inflation expectations of 13 major/important countries on your chart, on your panel
- Use ECN (narrow spread) account
- And attach EA on Timeframe M15 or M5
Note: Don't forget to add news and fundamental source link on your Allow web request list for news filter and other fundamentals data