Wednesday, June 18, 2014

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader
Gold has been in a short term area of consolidation lately which has been a wonderful thing for the FLEX Auto Trader!

With all of this movement to the upside we are seeing nice little pauses in the price action which has allowed the Gold Auto Trader to lock in a nice tidy profit this past week of $630 with some fairly strong stats overall.

Gold Performance
Gold had a great week overall locking in a profit of $630 for us on a solid week of price action!

Our largest winning trade came back at a whopping $1,040 while the largest losing trade was all the way back at $320. Along with that our average winning trade came in at $443.33 and average loss at $233.33. This gives us a reward vs. risk average of 1.90 and a total profit factor of the same at 1.90!

We are seeing a bit of a slowdown in price action at .86 trades per day on average with a hold time quit a bit longer than normal at 271.3 minutes.

Gold Executions
Gold took a total of 6 trades this past week for a commission total of $30 per contract traded.

We had 3 of the 6 trades come in as winners and the other 3 as losses for a trade accuracy total of 50% which is exactly where we love to be with a 2 to 1 reward vs. risk!

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