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Gold price and use case
If you were designing a currency (BRICS) that was back by precious metals like gold. Knowing this, if successful would make the price of these commodities go up. Wouldnt you try to buy as much as you could before this currency was official ? However. You need to buy as much as possible. So as you buy gold. You also sell the price on the market so the price stays low for you to buy more. The Strategy 1. You need to accumulate maximum physical gold before your new currency launches 2. Every dollar the spot price rises = more dollars you need to spend = less gold you can accumulate 3. So you suppress the paper price while buying the physical 4. You do this by selling futures/paper contracts — which set the reference price — while quietly accumulating the real metal through other channels. Every major bank, country has been buying gold for last 5 years. Especially China, Russia on a longer time frame. Even Trump is pro Crypto for a reason. It takes the focus off precious metals. Crypto has great value in the future. But continues to fail when it is needed the most. By now every major countries tax system knows how much crypto you have or use. They control it as soon as it is used/transferred. Even holding some in a cold wallet for another 10 years wont work. Because as soon as you use it, they know. And it is also a taxable event. Not to mention back taxes in 'Capital Gains'. This isnt the case with Gold. Understand 🙏
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Mid week Bot check
3 new bots on top 3 place. Keep the current 2 for this week ? Or replace with these mid week ? Let me know if you want any of these. I am testing the #1 at moment.
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Mid week Bot check
Monday results
1 win, $34 1 loss $70 on Gold bots. Technically should be up for the day. But I stepped in and took profits early. Price did reach full TP $100. Last night on USDJPY I closed early and turned computer off. $9.50 AUDUSD $5 So overall down about $20. However I did some manual trades And up overall $160 My manual trades were very un disciplined. I was getting impatient and jumped in early on a few trades and got caught. Didnt wait for indicators and thought I knew better. DO NOT FOLLOW WHAT I DID. (Although profitable. I got lucky) STAY FOCUSED. and BE PATIENT. Lets see what today brings. 🙏
Monday results
Dark Bands settings 82% win rate
These are my settings on Dark Bands. Consistently making 70-80%+ win rate. (5m chart) Concept of Dark Bands follows price, Shows upper and lower levels as price moves. Intention is NOT to capture a break out. But to capture the return to the mean. As price expands away it gets pulled back like a rubber band. How to use Buy/Sell signal sent when price returns back to the bands after a breakout and closes candle body inside (not wick). Once you get a signal watch the NEXT candle if it shows early signs of continuation. THIS is when you enter. NOT at the END of last candle (signal). Live eg. Got a signal on new hr candle (not good. as new hr candle has a lot of volume and usually pushes and pulls before settling down. best to wait 5m) Candle went straight up to test higher high. Ignore Sell and wait for red candle. Next candle was red so entered. Hit TP. Could have closed for full TP. But closed 50%. Made SL to Break even Price came back and closed for $23.5. Could have made $40-$50 if I closed on full TP Trade took 6 min. Almost $0 DD Look for 4-5 of these per day = $2k-$4k a month. 🤔 You have all the tools I gave you. Work on the execution. 🙏
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Dark Bands settings 82% win rate
MT5 indicator
free to download from the MQL store if this file doesnt work. Works on all timeframes.
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MT5 indicator
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