TRADING STRATEGY: THE FRIDAY GOLD RUSH
Description
This strategy, used by fund manager Andre Stagge, stands out due to its simplicity: buy gold every Thursday evening and keep the position 24 hours. On Friday evening the position is sold. As an alternative it is also possible to close the position Monday morning. The results are fairly similar in both cases. The strategy does not use a profit target or a stop loss.
It is a very successful strategy on a long term run.
EA for MT4 is very simple done via GPT with following Parameters:
1. Open a position on thursday 18.00 (Berlin time, GMT+1)
2. Close the position on friday 20.00 (Berlin time, GMT+1)
3. Secure Stop Loss
HINT:
Winter time/Berlin GMT+1, Summer time/Berlin GMT+2
The EA have following Input parameters:
- Magic number: 123456
- Number of Lot:0.01
- Open Day: Thursday
- Open time h: 18
- Close day: friday
- Close time h: 20
- Stop loss in pips: 50000 (only security SL)
Status 17.03.2024: Friday_Gold_Rush_D1_v1.00
Many Thanks for your support
ForexAs
Description
This strategy, used by fund manager Andre Stagge, stands out due to its simplicity: buy gold every Thursday evening and keep the position 24 hours. On Friday evening the position is sold. As an alternative it is also possible to close the position Monday morning. The results are fairly similar in both cases. The strategy does not use a profit target or a stop loss.
It is a very successful strategy on a long term run.
Attached Image
EA for MT4 is very simple done via GPT with following Parameters:
1. Open a position on thursday 18.00 (Berlin time, GMT+1)
2. Close the position on friday 20.00 (Berlin time, GMT+1)
3. Secure Stop Loss
HINT:
Winter time/Berlin GMT+1, Summer time/Berlin GMT+2
The EA have following Input parameters:
- Magic number: 123456
- Number of Lot:0.01
- Open Day: Thursday
- Open time h: 18
- Close day: friday
- Close time h: 20
- Stop loss in pips: 50000 (only security SL)
Status 17.03.2024: Friday_Gold_Rush_D1_v1.00
Attached File(s)
Friday_Gold_Rush_v1.00.mq4
5 KB
|
52 downloads
|
Uploaded Mar 17, 2024 4:20pm
Many Thanks for your support
ForexAs