MtxTrader

Gold/Silver 30m Only Strategy Buy/Sell Signals

In 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.

Open-source script

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