Bollinger Band Strategy (Basic) Version 1 This strategy is for learning purposes only. Pay special attention to these strategies on longer aggregation periods (like 1 hr chart or more). Don't expect accurate results when you set a limit to 10 cents above your entry to be accurate. For example if you set the chart to 1 day, the price may move down and hit a stop 10 times then tag your limit. If this doesn't make sense, just don't use strategies here. Learn more first. That being said, I don't have specific recommendations for each aggregation period, backtesting isn't always perfect.
Now then, this strategy can be used as the traditional BB method by setting the "Stop" and "Limit Out" to like 10000, check "Reversal Entry" and uncheck "Limit Time of Day" This will keep the strategy running just reverse your position when price crosses outside each band.
INPUTS:
Length - length of WMA that I used for mean of Bollinger Band (this may suppose to be SMA, too bad)
Source - O-H-L-C basis for WMA
Deviation - normal Standard deviation that would be set when using Bollinger Band
Trailing stop check box - your stop value will be either a hard stop or trailing stop for an exit
Stop - the stop value - remember you can set this really high and it won't stop out
Limit Out - the limit value for exit
Reversal Entry check box - This changes each entry from a reversal (traditional idea of BB) to enter a trend trade - hopefully version 2 will have choice to trend one direction and reversal in the other.
Limit Time of Day - Especially when trading futures, you may want to only trade a specific time of day, when this box is checked, you can set the entry times below, exit will still only occur based on limit/stop or a flip entry order (the opposite entry condition is met)
Tips:
when I don't know a thing about a price range, like gold. I can set the limit out to 10000 and play with a trailing stop to get a better idea of what is even possible before tuning further.
Metals
Asset Correlation Tool v3, improvedI found this useful tool among the indicators but it wasn't doing the correlation study correctly.
Everything in markets, with only a few exceptions, are rising in value over time and therefore trended to time. The simplest method I found is to use link relative or first difference detrending, before calculating a correlation between assets.
I also updated it to include more assets, to use the latest Cryptocap indices like BTC.D/ETH.D/TOTAL2 and the top 100 crypto index CIX100. I improved the colour schemes, too
Included in the source code are some other ideas like the FRED:M1 and FRED:M2 (only on daily charts), the Yuan/Yen/EUR/USD, etc. There's lots of scope for correlating unrelated markets.
I'll keep updating it as I use it to find truly correlated assets. Some kind of signal line of known correlations, to subtract from the baseline fuzz of market activity.
Any improvements are most welcome; I'm a novice at best at statistics and build on others' work.
- mabonyi
Gold trading strategy with trend follow and TDOW conceptMy strategy uses a combination of three indicators MACD Stochastic RSI.
The Idea is to buy when ( MACD > Signal and RSI > 50 and Stochastic > 50) occures at the same time
This strategy works well on stocks and cryptos especially during market breaking up after consolidation
The best results are on Daily charts , so its NOT a scalping strategy. But it can work also on 1H charts.
The strategy does not have any stops and profit targets, so we can take all the market can give us at the moment.
The exit point only when MACD goes under Signal
In addition I've decided to add a stop loss and "Trading day of week" concept
So the results are much more stable and we get more profit !
So, use it, trade it.
If it will help you to imprive your trading results, please donate me
BTC: 12kd1F8buWisUBdq27BBwRkUvzW7Ey3og5
Gap finder (gold minds)This tool highlights where gaps happens and outlines in the chart where the gap zones are. If there is a gap up there is a green line, a gap down it is red. The gap zone is highlighted in blue. You can choose the size of your gap with the input menu to the desired size. Feel free to ask comment below. Made for the Gold Minds group
Dhananjay Volatility stop strategy v1.0
Sharing one more strategy after getting good feedback on my earlier published strategy.
This is simple volatility stop strategy where in we are using VStop as entry and exit point.
Again smart traders can add MA to decide the trend and can avoid trading in opposite direction of trend which will help them to minimize loss making trades.
There are more than 1 parameters which traders can use/change to make this strategy compatible to their instrument.
To understand what is VStop use google.com :-)
Looking forward to receiving feedback from all of you.
Ichimoku Cloud strategy for gold marketThis strategy is based on main ichimoku features (Leading span , conversion line and base line) compared to cloud conditions.
I indicated all possibilities in this indicator and strategy decision is based on crossing factors of each main line through two other line confirmations.
Tick Tick BoomThis is THE tick tick boom method from the GOLD MINDS group!
When we enter a trade the line changes color.
If your charts are not in UTC time then you can adjust the UTC offset time. If your charts are in UTC-9 then set this to 9, if you are in UTC+1 set this to -1, if your charts are un UTC then set this to 0.
I noticed daily pivots, support, and resistance levels are pretty useful targets here. Uncheck the box if you would like to see the levels.
Many thanks to Dimitri Wallace!
15 Minute Gold Trend-Following StrategyThis is the main strategy that I will be forward testing on demo for a month or two, then making it an EA in MetaTrader4
You can see the code for yourself this time, all the strategy is, is a crossover of various moving averages.
Commission included, $10,000 account.
Results over the past 3 months, beginning in January 2017.
Gold/Silver 30m Only Strategy Buy/Sell SignalsIn my free time I felt like coding this strategy, and after backtesting it, it appears that the 30m time frame is the most profitable.
I only have been working on it for gold, but it should work similarly for silver as well.
This includes no pyramiding, and with pyramiding orders of 5, this strategy is upwards of 100% profitable.
Buy order - when price is above the 162 day EMA and RSI is less than 35
Sell order - when price is below the 162 day EMA and RSI is greater than 65
I will probably be adjusting it to increase the profitability and %success rate.
Tarzan's spread ratio indicator - DeLuxeThis indicator plots any two securities as a spread ratio using either +,-,/, or *.
It also allows you to use a simple moving average of length 1 to n for your spread ratio.
If you know what you want to do but don't know how to code it, we can work it out, you can float me some cheese on paypal and I'll do a nice job. This indicator is yours for free.
Tarzan = noprism@hushmail.com
Peace
ENGULFING CANDLESTICK STRATEGY(i) Arrow represent trade setup
(ii) Circle represent triggering of the trade
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1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
Correlation of chart symbol to different Index-ETF-currencyScript plots correlation of chart symbol to a variety of indexes, symbols, equities. ** Original idea was to find Bitcoin correlation, which I did not. Built in correlations are: Nikie, DAX, SPY, AAPL, US Dollar, Gold, EURUSD, USDCNY, EEM, QQQ, XLK, XLF, USDJPY, EURGBP
GoldFinger .007Goldfinger.
He's the man, the man with the midas touch.
A spider's touch.
Such a cold finger.
Beckons you to enter his web of sin
But don't go in.
[RS]Gold to Custom Currency V0Request for: sankar2389
Gold conversion from dollar to INR and to grams.
4H CCI Strategy 1.3Still working on fixing the code 100%.
Will update with a new version soon.
This one's fine tuned for gold (tp and sl size, and contract size for a 100k account)
Cheers,
Ivan Labrie
Time at Mode FX
Gold Price Trend Overlay This chart overlay provides the daily 9 SMA of Gold.
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
DOW / GOLD RatioHere's a new version with color goodness and using CL1! as the gold spot source (longer history).