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.