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.
XAUUSD
420_betaA newer, more customizable version of the holy grail script I published for silver before.
This script is a work in progress (as was the last version) and although I have been trying to refine this script I would still only classify it in the early stages of development; unlike my previous Euro Dollar strength holy grail script which was designed to work with only the EU pair or the XAGUSD spread script that was designed to work only with silver traded in USD, this script is designed to work with ANY commodity traded in USD, EUR, GBP, or JPY.
In this version I have tried to make smaller time frames work (60 - 240 supported now?) and added a lot of options for average type to be considered in the basket. Not every average created equally though, so I need feedback still etc...
I have also added the ability to specify what the 'basis currency' is. For example XAUUSD --> USD is basis currency. XAGGBP --> GBP is basis currency.
The only supported currencies at the moment are USD, EUR, GBP, and JPY (case sensitive)
If someone requests another (CHF, CAD, etc) I can add that as well.
I have an alert centric version (study, not a strategy) that I am trying out as well on my Euro dollar strength script and this 420_beta script
If you want access, feel free to ask, but as this is still in beta and I'm looking for feedback I'll probably only provide this script to those who have a record of trading commodities here on TV (aka published an idea on XAUUSD, XAGUSD, USOIL, Copper, etc...)
- Snoop
420_alphaA newer, more polished (aka less buggy), and updated version of the holy grail script I published for silver before.
This script is a work in progress (as was the last version) and although I have been trying to refine this script I would still only classify it in the early stages of development; unlike my previous Euro Dollar strength holy grail script which was designed to work with only the EU pair or the XAG spread script that was designed to work only with silver, this script is designed to work with ANY commodity traded in US dollars as this script also utilizes my holy grail basket method to determine the true strength of any commodity in terms of USD.
