To be honest, the Gold Forex strategy is not original, we reviewed similar trading systems on the site, but this strategy is interesting because it is intended for trading gold, and moreover and on the hourly interval.
On such timeframes, you rarely find a working strategy for this instrument. And from the point of view of applying the strategy in practice, the strategy is very simple and understandable. Although you should not count on the fact that this is a grail or «gold mine», the «Golden Goose», which will bring you profit without knowing the rules of the Forex trading system or strictly following it.
Some statistics:Over the past year (from March 2016 to March 2017), the strategy showed a rather impressive positive result — about +2900 points (with one digit after the decimal point). On average, about 13 transactions are received per month. During the testing period, one negative month was received, although with a slight minus, that is, work on this strategy is generally profitable and can be safely taken into service.
- The instrument is XAU/USD (gold).
- Time interval — H1.
- Simple moving average with a period of 120 (MA 120).
- Simple moving average with a period of 24 (MA 24).
Conditions for purchases under the Forex Gold Strategy:
1) Moving average with a period of 120 is below the price.
2) Moving average with a period of 24 is above the average with a period of 120.
3) After being below the moving average with a period of 24, the price breaks higher, and the next candle closes above MA 24.
4) At the opening of the next candle, a buy deal is concluded.
5) Stop loss is equal to 50 points (one digit after the decimal point).
6) After passing 40 points in the positive zone, the transaction is transferred to breakeven.
7) Take profit is 200 pips.
8 ) If there is an active trade on the market, then other signals are ignored until the current trade is closed according to one of the options.
9) Skipping deals can significantly affect the effectiveness of the strategy!
Sales conditions:
1) Moving average with a period of 120 is above the price.
2) The average with a period of 24 is below the MA with a period of 120.
3) After being above the Moving Average with a period of 24, the price breaks below, and the next candle closes below the Moving Average with a period of 24.
4) At the opening of the next hourly candle, a sell trade is made.
5) The safety stop loss is equal to 50 points (one digit after the decimal point).
6) After the price passes +40 points in the positive zone, the transaction is transferred to the used level.
7) Profit-taking order — take profit is equal to 200 points.
8 ) If there is an active trade on the market, then other signals are ignored until the current open trade is closed according to one of the options.
9) Do not skip trades and signals, as skipping them can significantly affect the performance and profitability of the trading system!
Video version of the «gold forex» strategy:
- Download MT4 template — gold_forex (archived)
- I don’t attach indicators, since they are all available in any MT4 by default and will be attached to the chart with the necessary parameters.
- Strategy test for July 1, 2016 — June 30, 2017 here ⇒
