Gold Price Looks for UPTREND
* Gold Price Movement: Gold prices are uncertain and fluctuating.
* Upcoming Data Release: The market is waiting for the US core PCE price index data for November.
* Fed Bostic's View: Atlanta Fed President Bostic sees no urgency for interest-rate cuts, emphasizing the strength of the US economy.
* Fed Barkin's Approach: Fed's Barkin is data-dependent for rate cuts in 2024.
* Current Gold Price: Gold is trading around $2,040.
* Inflation and Interest Rates: Inflation is expected to soften with higher interest rates by the Fed.
* Investor Optimism: Investors are optimistic about future rate cuts in 2024, despite warnings from the Fed about maintaining restrictive interest rates.
* Divergence in Projections: Bostic's view contrasts with the median projection of three rate cuts, creating uncertainty in the market.
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How to set an alert for BankNifty Intraday Strategy [5min TF] ? Set Alert on 77% Profitable Bank-Nifty Back-tested Intraday Strategy with FREE TRIALS
Trend Follower Intraday for 5 minute Time-Frame (Adjustable) , that has the time condition for INDIAN | CRYPTO | FOREX Markets
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Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included .
Send us a Message to know more about the strategy.
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The Timing can be changed to fit other markets, scroll down to "SQUARE-OFF TIME" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) EMA1 crosses above EMA2 , is a Long condition.
2) EMA1 crosses below EMA2 , is a Short condition.
3) Green Section indicates Long position.
4) Red Section indicates Short position.
5) Allowed hours specifies the trade entry timing .
6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS.
7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS.
8) RISK is Maximum Risk per trade for the intraday trade can be changed .
9) Total Capital used can be adjusted under INPUTS.
10) ATR TRAIL is used for trailing after entry , as mentioned in the inputs below.
11) Check trades under the list of trades .
12) Trade only in liquid stocks .
13) Risk only 1-5% of total capital.
14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts
15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time.
Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min
16) Strategy stops for the day if you have a loss .
17) COMMISSION value is set to 10Rs and SLIPPAGE value is set to 1 . Go to properties to change it .
Apply it to your charts Now !
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