Algo Trading System Gold Report For 02/24/2020

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Algo Trading System Gold Report For 02/24/2020

Based on ongoing analysis of the Gold market, it is clear that no single indicator, pattern or calculation accurately predicts the future market movement 100% of the time.However, when certain indicators and algorithmic strategies for the Gold market are employed and measured cumulatively, a more reliable overall market bias can be established.The net result of each of the indicators and algos specifically designed for Gold are summarized below.

For the most recent close for Gold futures, a moving average summation is showing a bullish bias.

The momentum indicator for Gold is showing a bullish bias.

Based on 8 algo trading strategies developed with the Strategy Factory methodology, the current aggregate strategy status score is + 1.00, which indicates an overall bullish bias.

The aggregate stochastic algo indicator is showing a neutral bias.

The compiled RSI algo indicator is showing a neutral bias.

Overall, the current algo based bias for Gold is BULLISH.

The algorithms used to establish the bias use historical data, and do not anticipate any news related price shocks.The algos are all short term swing trading strategies, with trade duration of a few days to a few weeks. All strategies have a profitable hypothetical backtest over the past 8-10 years. Algo indicators are standard indicators, computed over a wide range of input values.

With the current coronavirus situation, be VERY careful with any trades. These algos can be wrong with rapid fluctuations due to news events.

To get a free, fully disclosed algo strategy, along with algo trading system entries and exits, visit:

https://kjtradingsystems.com/freeinside.html

To learn more about algo trading systems created with the Strategy Factory approach, visit:

https://kjtradingsystems.com/strategy-workshop.html

Past performance is not indicative of future results.Treat all results as hypothetical, for educational purposes only.