Generation 6 Massive Trend Following for Gold (Note at bottom!) — Strategy by MtxTrader

Making this one an open script for you people.

Commission_value = 0.02 is the same as a 50 pip gold spread.

Start capital $10,000.

1.00 lots = 1 contract on this.

Trend establishment with the 600 period moving average, trend continuation with the crossover/crossunder.

This strategy is great for finding trends on XAUUSD.

Side note: if anyone knows MQL4 coding language for MT4, please let me know, I would like to see the results of this strategy over a period of several years rather than the several months of data that Tradingview Provides. Please PM me, I want to see how profitable this code is over a long period of time. Thank you, and enjoy.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?