Weekend notes
XAU USD
Due to volitility a better strategy is to buy when reversal under previous low and sell reversal over previous high. The sell on first reversal bar
Something interesting is that weekly VWAP entries (Set vwap to monday opening and use for the rest of the week for entries like 50MA strat) is a really bad strategy with gold on the hourly.
Really need to check the daily though. Don’t do this strat if sailiy is in strong trend.
Volatile bars
If you get stopped out in the first few minutes and can’t use the 5 min 50MA to enter back in maybe wait for a while before entering again.
Multiple Entries:
50MA cross with one only one bar crosses vs multiple entris 1 bar continuation : 5 multiple bars cont: 17
1 bar reversal:a 3 multiple bars rev: 4
Still have to be really careful of ranging markets. Maybe if there’s a lot of entries throughout the day use daily break of market.
Setting a order to trigger throughout the night.
Lets see if this works.
Stocks
I can’t do stock now because:
- Either need uninteruppted 10-11am or broker with stops
- Need more time to screen
- only works on higher timeframes so I need bigger sizes to get good risk-reward after fees