CONSECUTIVE BULISH/BEARISH SIGNALS (XAU/USD)

[rocketmail]

PLEASE SOMEONE TELL ME HOW THIS WORKS (XAU/USD)
EX:- XAU/USD
BULISH - 2
BEARISH - 1

HOW DOES THIS WORKS, LIKE HOW IT TAKES TRADE IN THIS MODE

 

[David]

Here's how it works in this context:

1. Bullish Signals: When Galileo FX detects two consecutive bullish signals on the XAU/USD chart, it will initiate a selling trade. This means that the bot will open a sell position, anticipating a potential reversal or downward movement in the market.
2. Bearish Signals: On the other hand, when Galileo FX identifies one consecutive bearish signal, it will trigger a buying trade. In this case, the bot will open a buy position, expecting a possible reversal or upward movement in the market.

The purpose of this contrarian approach is to capture potential market reversals or countertrend opportunities. By trading against the prevailing trend, Galileo FX aims to profit from price movements that may occur after consecutive bullish or bearish signals.

Please check this thread for a detailed explanation: How to adjust Consecutive Signals based on market trends (scalping, day trading and swing trading) | Official Galileo FX Community

 

[Vinitrader]

PLEASE SOMEONE TELL ME HOW THIS WORKS (XAU/USD)
EX:- XAU/USD
BULISH - 2
BEARISH - 1

HOW DOES THIS WORKS, LIKE HOW IT TAKES TRADE IN THIS MODE

 

[lister]

im confused also, somebody can give insights also.