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Sunday, June 23, 2024

KA-Gold Bot – Trading Systems – 5 July 2023

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KA-Gold Bot is an advanced trading advisor specifically designed for gold, utilizing the powerful combination of the Keltner channel strategy and two exponential moving averages (EMAs) – the 10-period EMA and the 200-period EMA.

Principle of Operation:

 – The 10-period EMA represents the average price cutting above/below the Keltner band, confirming an uptrend/downtrend. The price being above the 200-period EMA supports the uptrend/downtrend. This indicates that the uptrend/downtrend has been stronger than the previous 10 periods, considering the volatility over the last 50 periods.

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