Understanding the Rollercoaster Ride of Volatile Gold - Algorithmic Trading 4UAlgorithmic Trading 4U

Gold Went On A Ride

Yesterday evening, XAUUSD was in the 2370’s. Early this morning, it was in the 2330’s. Then, just a little late, it was almost at 2300. Unfortunately, I got to watch some of this ride play out.

The bottom 4 trades are all gold. The bottom trade is a lot size of 8. And, notice the drawdown in my account is $9624.

Shortly after gold dropped to its low, it turned around enough that the Gold Digger bot exited the trades. Once it hit bottom, it crept up enough that I could get out. Others in the community did not get out as quickly as I did.

The bottom 4 trades have been closed. When the “T/P” price of 2319.79 was hit, all of the trades closed. After all of the excitement, I made just over $200.

The Precision bot is still holding on to its trades. For it to close its trades, the price needs to reach 2056. With this unlikely to happen before the markets close for the week, I will have to wait until trading opens again next week to let the Precision “scalp” its way to victory.