Gold Mining System | Gold EA Download- MT4/MT5 Resources
Hello everyone,
I want to share a simple S&R system that I used successfully on gold last year. The rules are very easy to follow and result in very good RR ratios and high win rates. We use a simple supply and demand indicator called the shved supply indicator, but you can use any support and resistance indicator on any platform.
The rules are simple.
1. Trade when price bounces off any M15 level and target the opposite level or a level between 2 and 3 RR (whichever level you think).
2. Once the US session begins, price always makes the same high/low on M5 formed during the Asian session and London session. These are called low-hanging fruit.
3. Always be alert to dollar red news, which usually occurs at 8:30 am EST. This message is usually used to take out the M15 level.
4. Always trade based on daily candles. I only start trading at 8:00 AM Eastern Time, so I always focus on the daily candles that have formed that day.
I will be sharing more charts in the coming days.
Annex g
I want to share a simple S&R system that I used successfully on gold last year. The rules are very easy to follow and result in very good RR ratios and high win rates. We use a simple supply and demand indicator called the shved supply indicator, but you can use any support and resistance indicator on any platform.
The rules are simple.
1. Trade when price bounces off any M15 level and target the opposite level or a level between 2 and 3 RR (whichever level you think).
2. Once the US session begins, price always makes the same high/low on M5 formed during the Asian session and London session. These are called low-hanging fruit.
3. Always be alert to dollar red news, which usually occurs at 8:30 am EST. This message is usually used to take out the M15 level.
4. Always trade based on daily candles. I only start trading at 8:00 AM Eastern Time, so I always focus on the daily candles that have formed that day.
I will be sharing more charts in the coming days.
Annex g
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