5 minute XAUUSD Strategy (Gold)
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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MtxTrader directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MtxTrader directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.