RSI + ATR Strategy for XAU/USD and Forex by Krylov

15 jam yang lalu

Description:
This strategy combines the RSI (Relative Strength Index) and ATR (Average True Range) indicators to identify trading opportunities on the XAU/USD and Forex markets. It is designed for intraday trading on the 5-minute timeframe, providing clear entry and exit signals based on volatility and trend filters.

How it works:
Indicators Used:

RSI: Detects oversold (<45) and overbought (>55) conditions and confirms entry signals when crossing its moving average.
ATR: Filters signals by ensuring sufficient volatility for trading.
Conditions for Entry:

Long (Buy):
RSI crosses above its moving average below the level of 45.
Volatility is above the ATR threshold.
Trading occurs only during active hours (8:00–21:00 Prague time).
Short (Sell):
RSI crosses below its moving average above the level of 55.
Volatility is above the ATR threshold.
Trading occurs only during active hours (8:00–21:00 Prague time).

Exit Conditions:
Trades are closed when a fixed take-profit (5000 ticks) or stop-loss (5000 ticks) level is reached.
Parameters for stop-loss and take-profit are customizable.
Why it’s unique:
This strategy combines trend and volatility filters for precision.
Users can customize key parameters like RSI length, ATR threshold, and risk levels.
It avoids trading during low-volatility periods by using ATR as a filter.
Backtesting Notes:
The default settings are optimized for XAU/USD on a $10,000 account with realistic slippage and commissions.

Results:
Win rate: 64.4%.
Profit factor: 1.1.
Over 100 trades to ensure statistical significance.
Users can adjust settings for other instruments or market conditions.
How to Use:
Apply the strategy to a 5-minute chart.
Customize parameters if necessary.
Monitor the strategy’s signals and adapt based on your trading style.
Chart Settings:
The chart is clean and includes:

RSI levels and moving average.
ATR line to visualize volatility.
Markers for trade entries and exits.