StradaForexLearn the best autoblock indicator for trading gold and a full strategy for using it. Find higher time frame order blocks and use an indicator for lower time frame entries. Use sessions on chart by Aurox to identify when to trade. Use a regulated broker like AAAFX.com with low spreads and commissions. Find valid supply and demand zones with a break in market structure and wait for price to touch the zone before looking for a lower time frame entry. Use an indicator like the auto block finder with settings 5 and 0 for additional confirmation, and be aware of potential liquidation.
The Best Autoblock Indicator for Trading Gold: The Full Strategy
Introduction
As a trader, you’re always looking for the best trading tools and strategies to maximize your profits. One such tool is the autoblock indicator, which is gaining immense popularity among traders. In this article, we’ll discuss how to use the autoblock indicator to trade gold, along with the full strategy. So, let’s dive in!
The Indicators
First things first, you need to have the right indicators to trade with. You’ll need to search for the “order block” and add the “all the block finder experimental” by Googlemo. The second indicator is optional, called “sessions on charts” by Aurox. This indicator will help you identify which sessions to trade in.
The Strategy
Now, let’s move to the strategy. The first step is to find your higher time frame order blocks. However, instead of solely relying on the indicator, it’s best to confirm it manually on your higher time frame. Then, drop down to lower time frames to find entries using the indicator with the autoblock finder.
Finding Higher Time Frame Zones
To find zones on higher time frames, use the 30-minute time frame and look for a shift in market structure. Turn off your indicators and look for an order block or supply and demand zone. A valid zone needs a break of structure. Once you find the zone, you’ll need to wait for the London to the end of New York sessions to open to trade.
Finding Lower Time Frame Entries
Once you have your higher time frame zones, it’s time to drop down to lower time frames for entries. On the 15-minute time frame, look for a break of structure that leaves a fair value gap. After identifying the fair value gap, wait for price to come down and touch the zone.
Then, look for entries on the lower time frame. Turn the indicator on with settings of five and zero. Look for a type of order block to form on the five-minute time frame. If the block is bullish, take a buy limit as soon as price comes back down to the trade.
Extra Confirmation
For extra confirmation, wait for price to touch the order block and wait for a feminine bullish or bearish order block to form. This will give you the best entry possible. Keep in mind that liquidation is a thing, so it’s best to have a bigger stop loss in such cases.
The Role of a Good Broker
Finally, a regulated broker is necessary to trade smart money concepts like this. One such broker is aaafx.com, which provides low spreads and offers low commissions on Forex pairs. They also provide a global leverage of up to 500 times and accept all deposit methods including cryptocurrencies.
Conclusion
In conclusion, the autoblock indicator is an excellent trading tool when used correctly. By following the steps mentioned above, you can effectively use the autoblock indicator for trading gold. Additionally, a reliable broker can help you maximize your profits as a trader. Remember to always be vigilant and stay informed regarding the latest trading strategies and tools.
