A scalping strategy for Gold, which employs a few safety mechanisms such as dollar cost averaging, trailing stop loss and a wide stop loss. The wide stop loss allows for the account to increase its opportunity to close during retracement. Does not trade on a Friday and during high impact news days.
Targets: Target Annual Returns = Around 100% Target Monthly Growth = 8.0% Possible Drawdown 80% [Adjust Multiplier down if you find it too high]
Recommend: Deposit: Minimum $1,000 is recommended Account type: Any, with a minimum spread (preferably ECN/Raw) Leverage: 1:500 is recommended Symbol: XAUUSD
Tips: Remember to do consistent withdrawal to remain risk free.