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ForexForums.org » Metatrader 4 Forum » Proposed Trading Strategies » Bought 1 lot of gold at 883.32

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Old 06-17-2008, 06:14 PM   #1 (permalink)
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Bought 1 lot of gold at 883.32
Previously I had done a back-testing on gold in my website, and now my indicator is showing buy signal.

So I bought 1 lot of gold at $883.32
Place a GTC stop at $874
Target at $895
Value of 1 point = US$100

See here for gold chart: Metal Trading: Bought 1 lot of gold at 883.32
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Old 06-18-2008, 02:25 PM   #2 (permalink)
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Seeing that gold price fell after hitting $894 resistance level, I took profit at $889.85. Realised profit is US$653.
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