ProfitBee59 AI settings for gold (24/5) tradings
Setting ProfitBee59.com AI for XAUUSD (gold) 1m tradings:
Click on the property line of the AI and click a gear icon.
Use input parameters as shown in this picture for XAUUSD 1m charts.
Objects in a XAUUSD 1m chart created by ProfitBee59 AI.
Trading strategies: Narrow Buy Long
Trading strategies: Narrow Sell Short
Trading strategies: Wide Buy Long
Wide-Yellow21-Arrow-Buy
Sma21 is far below sma233 = Wide state.
Bell = Pink 21 line turns to Yellow 21.
Upward green arrow.
Buy at or below the open of next bar.
Other considerations:
RSI crossing over 30% and upward rejection at -9 blue level suggests a pending uptrend.
In a 1m chart, gold price difference (dP) in USD can be thought as price difference in pips by multiplying with a factor of 10.
For steady gains, consider using ProfitBee4% money management (using a lot size of 20% of the fund and closing the position when the account balance grows up by 4%).
Trading strategies: Wide Sell Short
Wide-Pink21-Arrow-Sell
Sma21 is far above sma233 = Wide state.
Bell = Yellow 21 line turns to Pink 21.
Downward red arrow.
Sell at or above the open of next bar.
Other considerations:
RSI crossing under 70% and downward rejection at +9 orange level suggests a pending downtrend.
In a 1m chart, gold price difference (dP) in USD can be thought as price difference in pips by multiplying with a factor of 10.
For steady gains, consider using ProfitBee4% money management (using a lot size of 20% of the fund and closing the position when the account balance grows up by 4%).