Golden Rhythm is a mechanical trading system working with gold (which may be displayed by Gold, XAUUSD or other symbols in your broker's terminal). The system is based on calculating significant market levels, after passing which the price of gold most likely continues to move for some time instead of reversing. Thus, regardless of the current price movement, Golden Rhythm opens positions in the right "direction". A trade remains open long enough to let the price achieve the movement potential. On the average, position is kept open for 1-3 days. A stop loss is placed simultaneously with opening a trade. The stop loss value depends on the current market situation. The system does not use potentially dangerous tactics: martingale, locking, waiting out the losses, etc.
The following results have been obtained when testing the system on historical data:
Average annual profitability – 62% | Maximum historical drawdown – 35%
Settings
- Chart timeframe – H1.
- StartLot – working lot; if 0, the built-in ММ is used.
- Risk – risk per deal in percentage of the deposit.
- GOLD_USDOLLAR – symbol name in your broker's terminal.
- MaxSpread – maximum allowable spread.
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