Friday, May 23, 2014

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader
Gold has been quite sideways over the last week or so seeing new highs and then reversing back to new lows. This is exactly what we LOVE to see for the FLEX Auto Trader as it allows it to sell the highs and buy the lows with enough room to hit our targets with ease!

This past week was a perfect example of that allowing us to bank $510 on the FLEX Auto Trader!

Gold Performance
Gold had a very good week this past week bringing in a solid profit of $510! We had some pretty solid stats come back as well allowing us to make profit without worrying about our risk!

We had our largest winning trade bank a massive $870 while the largest losing trade was tiny in comparison back at $320. Along with that we had our average winning trade come in at $615 and the average losing trade back at $240. This gives us a reward vs. risk average of 2.56 and a total profit factor of 1.71!

We are seeing a bit of a slowdown in terms of trades per day but in consolidation, that is completely normal. At the moment it is sitting at .63 per day with a hold time of 273.9 minutes.

Gold Executions
Gold had a total of 5 trades this past week for a commission total of $25 per contract traded.

We had 2 of the 5 come in as winning trades and the other 3 as losers for a total trade accuracy of 40.00% as well.

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