Backtesting MA Cross + Smart Money on XAU/USD
I've noticed gold likes to build liquidity, essentially limit orders or stop losses
Combining a break and retest like box which contains liquidity and waiting for a break out above or below this box for an entry
Before news this happens on much higher time frames. look into this.
Using 8 MA and 50 or 20 EMA you very often see crossovers before and after a big move, however institutions like to fake retail investors out.
Now by combining a momentum based indicator RSI or MACD (preferred) and waiting for momentum to move clearly passed the neutral point this will give you another confluence.
This works best on higher timeframes.
Combining a break and retest like box which contains liquidity and waiting for a break out above or below this box for an entry
Before news this happens on much higher time frames. look into this.
Using 8 MA and 50 or 20 EMA you very often see crossovers before and after a big move, however institutions like to fake retail investors out.
Now by combining a momentum based indicator RSI or MACD (preferred) and waiting for momentum to move clearly passed the neutral point this will give you another confluence.
This works best on higher timeframes.
SL at 30 pips
TPs at every 50 pips
up to TP 4 (New box at 200 pips)
or Trail SL