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Thread: GOLDdigger

  1. #11
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    Default Bulls versus Bears on Gold - What a fight

    There was a fierce duel between the bulls and the bears in the gold futures markets today. Today's candle formed a bearish engulfing over yesterday's candle and the trading volume for the day ended a tad higher than yesterday's volume. This scenario is a dizzing seesaw that throws most intraday traders off balance. Thank God I am not trading this market manually. With expiration of the GCJ0 instrument set at April 28, 2010, we may see a lot of these type of market actions as the day draw close.

    The GOLDdigger EA managed to end the week with 32% profits counting from March 1. Not bad for 2 weeks of trading. Draw down has been minimal so far and calls to the second set of cluster martingale routine (function) has also been minimal.

    You can always check the status of the EA's active trades from

    MT4Live.com - Share Your MT4 Statements Free .

    Let's see what surprises the coming week has in store for us.

    HAPPY TRADING
    Attached Images Attached Images GOLDdigger-march-12-summary-jpg GOLDdigger-gcj0-chart-march-12-jpg 

  2. #12
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    Default Gold Takes It Easy - Eases on Volume

    Daily volume fell shy of the 10,000 mark well below last Fridays volume of 14,250. I am visualizing a consolidation ahead of the run to the downside on the Gold charts (see attached chart). Any consolidation here with low volume is a preparation for a final move to go test the February 25th lows of 1059. I alluded to this key swing low price area in my volume analysis for last week.

    Today's market action in gold is the perfect action that the GOLDdigger EA loves to trade in, a ranging market where only the first set of cluster martingales (openorders <=6) are traded. Trading was tight between 1101 and 1108 but the 6% returns over last Friday's close is a decent one. The GOLDdigger EA is up over 38% in 11 trading days. I am wondering if it can successfully double the $10,000 initial capital we started with in one month. That is a long stretch to call but we will see as the days go by.

    HAPPY TRADING
    Attached Images Attached Images GOLDdigger-gcj0-chart-march-15-jpg GOLDdigger-march-15-summary-jpg 

  3. #13
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    Default Gold's Rally with the Fed's Announcement not Convincing

    The Gold market rallied today along with comments from the Fed's bureau. Unfortunately the day's volume level did not move in commensuration with the price range. Todays high took out Friday's high, but today's volume was lower than Friday's volume. This action shows that the big movers are not taking bait to the upside and further confirms a potential swing to the downside.

    The GOLDdigger EA got busy and closed over 12% profitable orders today. Unfortunately it got caught holding a similar amount in open orders with a floating Loss. Check the detailed trades here: MT4Live.com - Share Your MT4 Statements Free .

    HAPPY TRADING
    Attached Images Attached Images GOLDdigger-gcj0-dailychartmar16-jpg 

  4. #14
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    Default Gold - Climbing A Wall of Worry

    Those of you who might not know the bull run behind gold, can have a better idea by taking a cursory look at the attached 10 year chart of the XAU. Gold has run from the lows of $250/oz since year 2000 to the current levels of around $1200/oz. Infact, some pundits predict it could run up to $1500 before it slows down. As you might notice on the chart, the real noticeable correction along this run occurred during the 4th quarter of 2008. Otherwise, gold has run along a parabolic curve during this 10 year period. Is this run in gold sustainable, technically? Or is gold setting up for a correction after the gentle retracement to fill the gap of October/November 2009 in February 2010?

    The GOLDdigger EA does not trade on long term technicals. It trades on the 1 minute chart using a pair of moving averages on the 5 minute chart as trend filters. The inherent trade management algorithm include the use of 2 sets of martingale clusters and an option to hedge or boost open trades when the martingale clusters are exhausted. The booster option was turned on at the end of yesterday's trading day to assess the impact of this functionality.

    Current growth in AccountBalance: 55%
    Current growth in AccountEquity: 44%

    HAPPY TRADING
    Attached Images Attached Images GOLDdigger-xau-big-picture-gif GOLDdigger-march-17-summary-jpg 

  5. #15
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    Default Gold - Which Direction From Here

    Gold is threading water from here. Today's volume remained basically unchanged from yesterday,s volume. The price action can be described as "congesting" at best.

    Switching on the booster feature of the GOLDdigger EA did not help the EA at all with equity building.

    AccountBalance Up 60% from March 1
    AccountEquity Up 40% from March 1
    Attached Images Attached Images GOLDdigger-gcj0-chart-march-18-jpg GOLDdigger-march-18-summary-jpg 

  6. #16
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    Default Gold Tumbles as Dollar Index Rises

    There was a flight away from gold today as the dollar index surged against the other major currency pairs. There is a general notion that gold price moves inversely to the dollar index. Today's market action boldens this notion. Volume came in on the high side with the downslide of gold.

    The GOLDdigger EA ended the week with the following summary.
    AccountBalance: Up 69% from March 1
    AccountEquity: Up 68% from March 1

    HAVE A GOOD WEEKEND AND HAPPY TRADING
    Attached Images Attached Images GOLDdigger-gcj0-chart-march-19-jpg GOLDdigger-march-19-summary-gif 

  7. #17

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    interessting ea? where can i get this ea?
    fxtesterde für deutschsprachige trader

  8. #18

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    So, GRID-ish or MARTINGALE-ish?

  9. #19
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    Default

    A group (or cluster) of MARTINGALES on a GRID would be an appropriate description.
    Last edited by kengen; 03-22-2010 at 17:39.

  10. #20
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    Default Gold - Tumbles on Lighter Volume

    Gold continued its downslide from last Friday on lighter volume than Friday's volume. The low of February 25th will likely be tested within the next couple of weeks. The amount of volume which comes in during the testing of this swing low will set the tone for which direction the Gold market will be heading.


    AccountBalance - 76% growth since March 1
    AccountEquity - 70% growth since March 1
    Attached Images Attached Images GOLDdigger-gcj0-chart-march-22-jpg GOLDdigger-march-22-summary-gif 
    Last edited by kengen; 03-22-2010 at 21:32.

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