Gold & Silver Trader -Too Good Win RateThis strategy is designed for Gold (XAUUSD) and Silver (XAGUSD) trading, with a goal to achieve over a 70% win rate. It's built to automatically enter and exit trades based on price movements, aiming for profitable long trades only.
Key Features:
Smart Trade Entries: The strategy buys when the price is considered undervalued and shows signs of rising, using simple rules to catch the best opportunities.
Volatility Filter: It ensures trades only happen when market conditions are favorable, adding extra protection to avoid unnecessary risk.
Loss Protection: If a trade goes against you and reaches a 1.5% loss, the strategy will automatically close the position to limit further losses.
Quick Exit on Losses: If the loss improves within a short time but still stays negative, the trade will be closed to protect your capital. If the loss grows, it exits immediately to prevent bigger
losses.
Long-Only Strategy: This strategy only takes buying positions, meaning it only profits from upward price movements in Gold and Silver.
Backtested Performance:
Win Rate: Over 70% of trades are profitable.
Time Horizon: It has been tested in different market conditions, proving to be reliable in both strong trends and quieter, range-bound markets.
Suitable For:
Traders who want to focus on Gold and Silver markets.
Great for day traders or anyone looking to automate their trades, removing emotional decisions and sticking to a proven system.
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Goldtradingstrategy
Advanced Gold Scalping Strategy with RSI Divergence# Advanced Gold Scalping Strategy with RSI Divergence
## Overview
This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price action and RSI movements.
## Key Components
### 1. RSI Calculation
- Uses a customizable RSI length (default: 60)
- Allows selection of the source for RSI calculation (default: close price)
### 2. Moving Average of RSI
- Supports multiple MA types: SMA, EMA, SMMA (RMA), WMA, VWMA, and Bollinger Bands
- Customizable MA length (default: 3)
- Option to display Bollinger Bands with adjustable standard deviation multiplier
### 3. Divergence Detection
- Implements both bullish and bearish divergence identification
- Uses pivot high and pivot low points to detect divergences
- Allows for customization of lookback periods and range for divergence detection
### 4. Entry Conditions
- Long Entry: Bullish divergence when RSI is below 40
- Short Entry: Bearish divergence when RSI is above 60
### 5. Trade Management
- Stop Loss: Customizable, default set to 11 pips
- Take Profit: Customizable, default set to 33 pips
### 6. Visualization
- Plots RSI line and its moving average
- Displays horizontal lines at 30, 50, and 70 RSI levels
- Shows Bollinger Bands when selected
- Highlights divergences with "Bull" and "Bear" labels on the chart
## Input Parameters
- RSI Length: Adjusts the period for RSI calculation
- RSI Source: Selects the price source for RSI (close, open, high, low, hl2, hlc3, ohlc4)
- MA Type: Chooses the type of moving average applied to RSI
- MA Length: Sets the period for the moving average
- BB StdDev: Adjusts the standard deviation multiplier for Bollinger Bands
- Show Divergence: Toggles the display of divergence labels
- Stop Loss: Sets the stop loss distance in pips
- Take Profit: Sets the take profit distance in pips
## Strategy Logic
1. **RSI Calculation**:
- Computes RSI using the specified length and source
- Calculates the chosen type of moving average on the RSI
2. **Divergence Detection**:
- Identifies pivot points in both price and RSI
- Checks for higher lows in RSI with lower lows in price (bullish divergence)
- Checks for lower highs in RSI with higher highs in price (bearish divergence)
3. **Trade Entry**:
- Enters a long position when a bullish divergence is detected and RSI is below 40
- Enters a short position when a bearish divergence is detected and RSI is above 60
4. **Position Management**:
- Places a stop loss order at the entry price ± stop loss pips (depending on the direction)
- Sets a take profit order at the entry price ± take profit pips (depending on the direction)
5. **Visualization**:
- Plots the RSI and its moving average
- Draws horizontal lines for overbought/oversold levels
- Displays Bollinger Bands if selected
- Shows divergence labels on the chart for identified setups
## Usage Instructions
1. Apply the script to a 1-minute XAUUSD (Gold) chart in TradingView
2. Adjust the input parameters as needed:
- Increase RSI Length for less frequent but potentially more reliable signals
- Modify MA Type and Length to change the sensitivity of the RSI moving average
- Adjust Stop Loss and Take Profit levels based on current market volatility
3. Monitor the chart for Bull (long) and Bear (short) labels indicating potential trade setups
4. Use in conjunction with other analysis and risk management techniques
## Considerations
- This strategy is designed for short-term scalping and may not be suitable for all market conditions
- Always backtest and forward test the strategy before using it with real capital
- The effectiveness of divergence-based strategies can vary depending on market trends and volatility
- Consider using additional confirmation signals or filters to improve the strategy's performance
Remember to adapt the strategy parameters to your risk tolerance and trading style, and always practice proper risk management.
GOLD FUTURES TRADING STRATEGY AND SIGNALS WITH PERFORMANCE GOLD FUTURES GOLD1! , GOLDM , GC Trading Strategy And Signals, With Performance For Different Time Frames.
We present to your attention an indicator that, based on a strategy, generates buy / sell arrow signals and a gold futures trading strategy, which has shown its effectiveness in numerous tests on different time frames.
The strategy is based on a combination of ATR, Moving Average, MACD and RSI indicators.
If you consider gold as a tool for earning then active trading on the exchange, your choice is gold futures (gold futures). This derivative almost completely copies the movement of the price of physical gold, and is used by traders around the world to obtain from the fluctuations in the price of gold.
The strategy showed the best results for timeframes: H1, H2, H4, D1.
Recommended timeframe for this strategy: D1.
The strategy uses take-profit and stop-loss, which reduces risk and allows you to effectively use its trading, as well as the process of making trading decisions and predicting the movement of the gold price.
Gold and silver futures can be used to hedge against inflation, speculative play, an alternative investment grade, or as a commercial hedging method for investors looking for opportunities beyond traditional equities and fixed income securities.
The script can generate alters "Buy" and "Sell".
The presented indicator of signals for gold futures, as well as the strategy, can complement your existing strategy and increase its performance, and can also be considered as an independent trading strategy for gold futures contracts.
Full Screenshot chart with performance here.
GOLD SUPER TREND ARROW SIGNALS STRATEGY WITH PERFORMANCEThe strategy is based on combination of ATR, Moving Averages, Volatility indicators that was filtered and final strategy based on accurate arrows that catch trend and
also predict pivot points for intraday Gold ( XAUUSD ) charts.
The strategy script can be used for time frames 30 MIN, 45 MIN, 1Hour, 4 HOURS.
The goal was to create trending strategy with maximum profit and lowest drawdown.
For initial deposit $12000 time frame 30 MIN profit was 42% with maximum drawdown 6%:
For time frame 45 MIN profit was 30% with maximum drawdown 5%:
