The Gold Swim Forex strategy is a fairly effective trading strategy, but it is intended for only one instrument — the gold to US dollar currency pair. The strategy at a distance does not behave quite stably and periods of a large number of profitable trades clearly alternate with periods of a large number of trades closed by a stop loss order. However, the result of this strategy is best considered not by the end of the month, but at least three to six months.
Statistics:
From June 2019 to June 2020, the strategy showed a rather impressive positive result of +4500 points. The maximum drawdown reached 420 points.
- Trading instrument — XAU/USD (GOLD).
- Time interval — H1.
Indicators:
- WT_HighLow indicator with period 24, time interval H1.
- WAExplosion indicator with parameters 150; thirty; 15; 15.
Conditions for purchases on Gold Swim:
1) The next candle closes above the WT_HighLow indicator, and the indicator itself is colored green at the close of the same hourly candle.
2) It is on this H1 candle that the WAExplosion indicator is above its signal line (yellow line) and its scale is also colored green. Between exits beyond the signal line from this indicator, there must definitely be at least 1 red scale under the signal line.
3) At the opening of the next candle, a buy deal is concluded.
4) Stop loss is set at 70 pips ($7).
5) After passing 60 points ($6) in the positive zone, the transaction is transferred to breakeven.
6) Take profit is set at a distance of 210 points ($21) from the entry point.
7) New signals in the same direction can be traded only if the current deal is moved to breakeven.
Conditions for sales by TS Gold Swim:
1) The next candle closes below the WT_HighLow indicator, and the indicator itself is colored red at the close of the same candle.
2) It is on this candle that the WAExplosion indicator is above its signal line (yellow line) and its scale is colored red. Between exits beyond the signal line from this indicator, there must definitely be at least one green scale under the signal line.
3) At the opening of the next H1 candle, a sell trade is opened.
4) A safety stop loss is set at 70 pips ($7).
5) After passing 60 points ($6) in the «+» zone, the transaction is transferred to the breakeven point.
6) We fix the deal by take profit is set at a distance of 210 points ($ 21) from the entry point into the deal.
7) New signals in the same direction can only be traded if the current deal is set to «zero».
Video version of the Gold Swim forex strategy:
- Recommended to watch with English subtitles!
- Download indicators — Gold-Swim-Indicators (archived).
- Download the MT4 template — gold_swim (also in the archive).
- +276.82% — forex strategy test ➜
