is threre any EA trading on GOLD or SILVER ?

Sergey Golubev 2013.02.20 05:23 #1

xhxiang:

hi !

i have seen lots of ea trading on eru/usd or gbp...

is there something on GOLD(xauusd) or SILVER(xagusd)

and any ideas about thtat...

thanks all.

May be ... you can check in CodeBase.

As to me so I like to make technical analysis for gold and silver but I do not like to trade them - because of different points per 4 digit pips ... I never know where to place stop loss for example and what happened with margins.

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haoxiang xie 2013.02.20 05:57 #2

newdigital:

May be ... you can check in CodeBase.

As to me so I like to make technical analysis for gold and silver but I do not like to trade them - because of different points per 4 digit pips ... I never know where to place stop loss for example and what happened with margins.

so you means...it's more worthy to make profit on ERU/USD than gold.? so most people trade on them.

Sergey Golubev 2013.02.20 06:16 #3

xhxiang:
so you means...it's more worthy to make profit on ERU/USD than gold.? so most people trade on them.

Every pair is good to make a profit :) I traded gold and Silver - you can see it on some my thread where I uploaded the statement for example.

EURUSD is more understandable - I know that 20 points = 2 pips (4 digit pips, in case of 5 digit broker). But for gold and silver - I will need some indicator or script to calculate those values (I am talking about practical situation when no time to think about it). Because if I do mistake with it - I can get margin call. This is my experience.

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Sergey Golubev 2013.02.20 06:22 #4

Because everything is in points in Metatrader. But the profit is calculated in 4 digit pips by traders ... it is fine for EURUSD, USDCHF and so on. But for silver and gold pairs - no idea ... I do not feel to be comfortable with this situation to trade those pairs manually in this case.

If you are talking about EA so I did not see any for gold and silver. In case of EA - every trader can make all the calculation/checking before attaching EA to the chart. But in case of manual trading - stop loss/take profit values should be placed "on fly" especially if I am doing scalping. Because in case of manual trading - no time to thinking so much about "how many 4 digit pips is having 100 points for gold and silver".

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Sergey Golubev 2013.02.20 06:23 #5

It may be good to see some maney management indicator in CodeBase which will calculate 4 digit pips for "how many points", margins, show me the leverage of my account and so on.

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phi nuts 2013.02.20 12:53 #6

xhxiang:

hi !

i have seen lots of ea trading on eru/usd or gbp...

is there something on GOLD(xauusd) or SILVER(xagusd)

and any ideas about thtat...

thanks all.

I think what you meant was Silver and not Sliver, use Google Translate to translate back to your native language.

The reason why many EA does not trade XAU or XAG is because the cost to open position for these precious metals are considered expensive compare than the cost of opening forex. Therefore, from Return of Investment (ROI) point of view, trade XAU/XAG is not considered profitable compare with forex.

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Oluwadare Paul Oguntosin 2013.02.20 14:36 #7

Yes, i agree with you.

I open 0.1 position lot size on EURUSD and my broker spreads is pips fixed and i open the same lot size on Gold but behold the spread is 60pips and at times its 100pips.

So, i prefer trading forex more than all.

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haoxiang xie 2013.02.20 15:37 #8

so,i see . meybe i should try forex sometime...:）