How to Find the Right Broker for Leap of Faith GOLD – My Trading – January 10, 2024
Leap of Faith GOLD is designed to trade GOLD by placing limit orders based on the highs and lows of a specific time period.
Advantages of Leap of Faith Gold:
+ Do not use risky strategies such as GRID, Martingale, multiple spells, etc.
+ There is a stop loss to limit your losses.
+ Can be used to trade EURUSD, GBPUSD and USDJPY.
Important note:
+ Not all FX brokers are suitable for using this strategy. This is because each fx broker’s policy is always different, especially when it comes to determining spreads and slippage.
How do I know which broker is right for Leap of Faith GOLD?
+ By performing a backtest, the backtest results can be used to decide whether the broker can accept the strategy used in Leap of Faith. If the backtest results are negative, the broker is not suitable for the strategies included in Leap of Faith, but if the results are positive, you can continue by performing live trading tests on a demo account.
Account types for Leap Of faith GOLD:
+ An ECN account with low spreads is highly recommended, but be sure to backtest first, as not all brokers are suitable for implementing this strategy, even if your broker has an ECN account.
Configuration file for GOLD:
