rounded corner
rounded corner
top border

Algo Trading System Gold Report For 11/11/2019


Bookmark and Share

gc

Algo Trading System Gold Report For 11/11/2019

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 front month Crude Oil, a reverse moving average summation is showing a bearish bias.

The reverse momentum indicator for Crude Oil is showing a bearish bias.

The compiled RSI algo indicator is showing a bullish bias.

Based on 9 algo trading strategies developed with the Strategy Factory methodology, the current aggregate strategy status score is -2.00, which indicates an overall bearish bias.

The aggregate stochastic algo indicator is showing a bullish bias.

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

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.

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

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

Free e-book of algo trading system entries and exits, visit:

https://kjtradingsystems.com/free.html

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



Recent articles from this author



About the author


Kevin Davey has been trading futures for over 25 years, and is currently a full time trader.  He is a 3 time international futures trading contest trophy winner and the author of 3 best selling trading books:
 
“Building Winning Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading” (2014)
”Introduction To Algo Trading: How Retail Traders Can Successfully Compete With Professional Traders” (2018)
”Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets” (2019)
 
Kevin writes the monthly “Algo Q & A” column for Technical Analysis of Stocks and Commodities Magazine, and has won numerous industry awards for his trading books and online courses.  He also was selected for Crain’s Business prestigious “40 Under 40” award.
 
Kevin is based in Cleveland, Ohio and was a Summa Cum Laude graduate of the University of Michigan (B.S.E).  He also has a M.B.A. degree from Case Western Reserve University Weatherhead School of Management, where he received the President’s Academic Achievement Award for a perfect G.P.A.
 
Kevin can be reached at 440-725-2456 or via e-mail at kdavey@kjtradingsystems.com.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2019 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy