Category Archives: Gold

Gold…What An Opportunity

Posted on October 23, 2024 by Andy G

After experiencing failures with two gold trading bots, the author reflects on missed opportunities as gold surged over 400 points this year. The volatility complicates automated trading strategies, leading to losses despite the potential for gains. The writer expresses a desire for consistent results rather than risky high-stakes trades. Continue reading →

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Practicing What I Preached

Posted on July 24, 2024 by Andy G

The writer faced a stressful morning as their bot’s margin level fluctuated wildly, reaching 422%. They took quick action to turn off auto-trading and handle a household issue. Despite receiving numerous email alerts, they remained focused on preserving their capital and making careful trading decisions. They aim to update on their trades’ outcomes soon. Continue reading →

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Another One Bites The Dust

Posted on July 11, 2024 by Andy G

The “Solo Bot of The Year” has been retired due to a significant increase in gold prices that the Precision bot couldn’t keep up with, resulting in losses. Despite setbacks, the bot adventure continues for long-term gains, with lessons learned and a focus on future financial stability. Remaining funds have been redistributed to more successful bot strategies. Continue reading →

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Doing The Gold Volatility Slog

Posted on July 10, 2024 by Andy G

After achieving “Solo Bot of the Year Status,” the “Golden Bot” faced setbacks. It resumed scalping with minimal lot sizes but encountered obstacles when the Precision bot accumulated positions on June 27th, unable to close trades. With over 40 trades open, Gold needs to drop 30 points for profit, highlighting the bot’s current challenges. Continue reading →

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Gold Shy

Posted on June 13, 2024 by Andy G

After a significant gold drop, the writer adjusted bot trading strategies to rebuild trust in the gold market. For Gold Digger, lot sizes were lowered according to account size. Precision bot’s lot size was reduced to minimize risk, especially after a steep gold drop. Despite caution, the writer plans to let the bots trade during an upcoming vacation. Continue reading →

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June 2024 – Not A Good Algo Trading Month

Posted on June 10, 2024 by Andy G

The term “Black Swan” surfaced in relation to gold today as rumors spread about China halting gold purchases. Despite the discretion of my gold trading bots, losses were incurred. Monitoring bot suppliers’ recommendations is crucial. Trading single pairs carries higher risk, emphasizing the need for consistency and long-term thinking. The recent setbacks serve as valuable learning experiences for future decisions. Continue reading →

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Gold – Proceed With Caution

Posted on June 10, 2024 by Andy G

The NURP community warns gold traders and bot users of potential partial recovery and subsequent pullback. The Precision bot is set to trade gold with cautious optimism, while adjustments are made to reduce risk with the Gold Digger bot. Trade decisions are guided by trust in the bots and strategic tweaks. Continue reading →

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Precision Bot Math

Posted on May 8, 2024 by Andy G

The Precision bot consistently gains after a major drop, with the best day earning $165 and the worst at $38.34. Assuming no monthly costs and a 3.78% monthly gain, the projected return on a $15,000 account over 12 months is a 56.09% effective rate, potentially paying off the bot in 7-8 months. Continue reading →

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Runaway Gold – The Scalper

Posted on May 6, 2024 by Andy G

The Gold Digger aims to earn 100 times the lot size, while the Precision bot’s strategy remains undisclosed. It engages in trades to grow the account size, with a target T/P price of $2308.93 for gold trades. The bot waits for a less volatile market before closing trades to meet its goal. Continue reading →

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Runaway Gold

Posted on May 6, 2024 by Andy G

The author experienced mixed feelings as their trading bot made quick gold trades but also signaled potential trouble. Following advice from a recent call, it was recommended to adjust settings for less volatility. Despite a negative turn, the bot’s creator remains optimistic, expecting trades to close by noon or new ones to open strategically. Continue reading →

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