FAPS trading gold or silver

mystikdragon7 · #1 03-16-2009, 11:41 PM

Has anyone out there out there ever back tested or tried to have FAPS trade gold (AXU/USD) or silver (XAG/USD)? I thought about giving that a try but was wondering if anyone else has any trial and error they can share with?

alan · #2 03-17-2009, 12:46 AM

Not I, but I did try FAPS on GBP/USD and found out it works almost as good as on eur/usd....but I still stick to eur/usd due to lower spread..

If you're going to trade xau or xag you're going to have to deal with VERY high spreads...50-70 pips...so you gotta make sure you adjust your take profit to match...SL also has to be much larger...MUCH MUCH larger...

moneydream · #3 03-17-2009, 03:24 AM

Good idea there. I will put this on backtest this weekend if got some free time.

mystikdragon7 · #4 03-18-2009, 07:06 PM

Well looks like FAPS would have made a few good trades on silver but my damn computer was off so it didn't get to close them out. And now I'm in the negative but I'm sure silver will come back down a bit.

mystikdragon7 · #5 04-09-2009, 03:12 PM

Well FAPS opened and closed 4 trades in silver for a profit of $390. It took a little while for it to finally close out the trades but it was a nice surprise to see that FAPS did that. I'm still testing more on it. It seems that FAPS hasn't done that great with trading gold yet but maybe just got cought in a bad trade.

edwardBe · #6 04-22-2009, 05:53 PM

Quote:

Originally Posted by mystikdragon7

Well FAPS opened and closed 4 trades in silver for a profit of $390. It took a little while for it to finally close out the trades but it was a nice surprise to see that FAPS did that. I'm still testing more on it. It seems that FAPS hasn't done that great with trading gold yet but maybe just got cought in a bad trade.

Are you using an IBFX account for the demo? I haven't seen any metals on any of my other accounts. Thanks!

mystikdragon7 · #7 04-24-2009, 01:25 PM

Quote:

Originally Posted by edwardBe

Are you using an IBFX account for the demo? I haven't seen any metals on any of my other accounts. Thanks!

I have a demo account with Tadawulfx http://www.tadawulfx.com/v2/ and they seem to be doing pretty good so far. I'm up $500 more trading the silver on FAPS.

liggy002 · #8 04-25-2009, 12:58 AM

This is my broker- they have been very good so far.

edwardBe · #9 04-28-2009, 11:00 AM

Quote:

Originally Posted by mystikdragon7

I have a demo account with Tadawulfx http://www.tadawulfx.com/v2/ and they seem to be doing pretty good so far. I'm up $500 more trading the silver on FAPS.

Thanks mucho Mystik! I'm running a demo on FXOpen; they have gold and silver. Would you mind disclosing your settings, like H1, M1 or whatever, TP, SL, Trailing Stop, if any, etc? It would rock if this worked. Great diversification! As or if the economy crumbles, many people will be running to metals, so longer term positions might be appropriate.

Amita · #10 05-06-2009, 08:41 AM

I've been toying with gold and silver on Forex-Metal's MT4 platform with good results.