24K Gold Oscillator Backtest Feb 2024

The most accurate reversal indicator using divergence/convergence combined with parallel channels.

Eliminate subjective thinking and emotions in trading. This indicator is designed to define consistent entry/exit criteria. It limits the number of trades per day, reducing screen time while ensuring steady profits.

Liquidity sweeps can be replicated through divergence/convergence.
The divergence and convergence of traditional average-based indicators are often ineffective. This indicator identifies the peaks and troughs of large waves within parallel channels, offering higher precision.

Results
Manual Backtesting (January–April):

Wins: 35
Losses: 28
Risk-Reward: +126 / -28
Losing Streak: 5
Automated Backtesting (automates 1/4 of entry cases): …

Manual Backtesting Link:

Trading Rules

• Draw support/resistance lines.
  
• Avoid cutting through too many candles.
  
• Draw trendlines to determine the trend.
  
• Check for divergence and look for confluence.
  
• Divergence in one wave or multiple waves.
  
• Enter when a reversal triangle appears in the oscillator.
  
• Place the stop-loss at the oscillator wave’s pivot.
  
• Take profit:
  
• Exit when the oscillator crosses 0 and reverses direction.
  
• Alternatively, exit at key support or resistance levels.