Category Trend  Published on 28/09/2023

Momentum Maverick XAUUSD 1D

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

Let's break down the key elements of this strategy:

1. Parameters:
The robot defines several parameters that can be adjusted when deploying the strategy

  • Slow Moving Average
  • Fast Moving Average
  • ADX
  • BullsBearsImpulse 
  • Take Profit level
  •  Stop Loss level 
  • Risk Percentage 

2.Trading Logic:
- Buy Signal Conditions:
      - Fast Moving Average crosses above Slow Moving Average.
      - ADX (Average Directional Index) is above 15, indicating the presence of a trend.
      - BullsBearsImpulse signal is positive.
      - A volatility condition based on the candlestick pattern is met.

- Sell Signal Conditions:
      - Fast Moving Average crosses below Slow Moving Average.
      - ADX is above 15.
      - BullsBearsImpulse signal is negative.
      - A volatility condition based on the candlestick pattern is met.

The robot attempts to capitalize on trends in the market by using a combination of technical indicators and risk management. 

The risk management aspect ensures that position sizing is based on a percentage of the account balance, aiming to control potential losses. 

Tested on the Gold (XAUUSD) on the DAILY candles!! 

You can try and adjust the parameters and hopefully get better results :) 

Contact: WhatsApp

pierrekungu.trading@gmail.com 


The author decided to hide the source code.
peter_kungu's avatar
peter_kungu

Joined on 01.06.2023

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: Momentum Maverick.algo
  • Rating: 0
  • Installs: 555
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