TRADING STRATEGY: THE FRIDAY GOLD RUSH
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.
The EA_Friday_Gold_Rush_v1.00 as a MT4 version is in general very simple with following parameters:
Best backtested result within 2024-01/2025):
1. Open a position on thursday 15.45(London time, UTC+0)
2. Close the position on friday 19.25 (London time, UTC+0)
3. No take profit, stop loss 1.500 (you can set it also as a secure stop loss with 20.000 --> different backtest results, but successful)
EA_Friday_Gold_Rush_v1.00
The EA works on every time frame with following parameters:
- Magic number: 1239456
- Number of Lot:0.1
- Open Day: Thursday
- Open time h: 15
- Open time min: 45
- Close day: friday
- Close time h: 19
- Close time min: 25
- Stop loss in pips: 1.500 (best backtest results 2024 - 19.01.25, better than with 20.000) -> the original strategy di not use any stop, please backtest by yourself best value!!!
- Time offset in h: 0 (set here the different of h between broker time and london time)
Backtest results from 01.01.24 - 19.01.25:
Time setting, Screenshot with a Broker (London time), Time Offset = 0
I welcome your contributions, but please ensure they contribute to the discussion; otherwise, I will ask the admin to remove them if necessary.
Best greetings from Rosenheim/Bavaria
ForexAs
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
The EA_Friday_Gold_Rush_v1.00 as a MT4 version is in general very simple with following parameters:
Best backtested result within 2024-01/2025):
1. Open a position on thursday 15.45(London time, UTC+0)
2. Close the position on friday 19.25 (London time, UTC+0)
3. No take profit, stop loss 1.500 (you can set it also as a secure stop loss with 20.000 --> different backtest results, but successful)
EA_Friday_Gold_Rush_v1.00
Attached File(s)
Attached File(s)
The EA works on every time frame with following parameters:
- Magic number: 1239456
- Number of Lot:0.1
- Open Day: Thursday
- Open time h: 15
- Open time min: 45
- Close day: friday
- Close time h: 19
- Close time min: 25
- Stop loss in pips: 1.500 (best backtest results 2024 - 19.01.25, better than with 20.000) -> the original strategy di not use any stop, please backtest by yourself best value!!!
- Time offset in h: 0 (set here the different of h between broker time and london time)
Backtest results from 01.01.24 - 19.01.25:
Time setting, Screenshot with a Broker (London time), Time Offset = 0
I welcome your contributions, but please ensure they contribute to the discussion; otherwise, I will ask the admin to remove them if necessary.
Best greetings from Rosenheim/Bavaria
ForexAs