Hi

 

Heres a new option for trading you may not have thought about - trading gold using CFD's. We now have a special modified version of the carrygrid EA, now that is designed only for trading gold, now named GoldFinger. As the carrygrid was extremely profitable in rising markets, and gold is generally a rising market, this seems like a great natural pairing. It is driven off a long term (customisable via period and timeframe) simple moving average, looking for upward movements in the market. This is still being trialled, and not yet fully automatic, but we wanted to provide you with the opportunity to trial it yourself. It is better at this stage to understand and manage the EA yourself and use it as a tool to complement trading, rather than a fully automatic system. The EA demo is available here. We recommend you run it on the tadawulfx demo platform, which offers gold amongst other CFD's, forex, stocks etc. They seem to have the best reliability for MT4. The beta phase is expected to last until the end of the year whilst we get the EA tuned during forward testing. We are also planning a similar EA to be used in the gold market also. If you are running on windows7/vista you need to run MT4 as administrator to get any EA to work. Key Properties; GridMesh = the distance in pips between positions to open GridMaxOpen = the maximum number of positions to open timeframe = the timeframe, in minutes, to analyze the market direction on. see below. maperiod = the period of the moving average. 200 is considered long term, 60 short term. You can play with the timeframe and grid spacing to however suits you. Below is a look up table for the number of minutes in each timeframe. 1 1 minute. 

5 5 minutes. 

15 15 minutes. 

30 30 minutes. 

60 1 hour. 

240 4 hour. 

1440 Daily. 

10080 Weekly. 

43200 Monthly 

 

 We would really appreciate your feedback as we work to refine the EA for the gold and other commodity markets.

 

Regards

 

Tthe MyFxTools Team.