INVITE-ONLY SCRIPT

5 minute XAUUSD Strategy (Gold)

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Most definitely this is the best strategy I have ever coded. (Read Note Below)

Version 3 of PineScript code, 2 contract/lot trades at once, pyramiding = 2.

Commission of 100 pips included on each trade, accurate representation of actual spreads, commission_value = 0.02.

This is essentially 270% of profit in a single month - check the date on the first trade.

Trend following strategy as all the previous ones before, but this one is crazy.

Max drawdown is 34%, all that drawdown and more is profit made, but there cannot be any emotional involvement in this strategy.

Choppy markets produce losses, as is with all trend-following strategies.

(4 lines of code, nice and simple)

Downside - the last month in which this was backtested may not provide actual representation of past movement (market could have been exceptionally trending the last month), (but maybe it does ;v)

Unfortunately, we cannot know because "TRADINGVIEW WON'T OFFER BACKTESTING FOR FARTHER BACK!" fix this please.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.