Gold Weekly Lines
- Experts
-
Kyōhei Shirahama
2020年からMQL4EA開発を開始。
インジケーターを用いたロジックを基本に、ダウ理論適用ロジックなどを自主開発。
破綻のないEAを心情に、さまざまな時間軸、マルチタイムフレーム分析も取り入れながら勝てるロジックを日々探求しています。 - Version: 1.1
- Activations: 10
Gold Weekly Lines builds support and resistance lines once a week from monthly, weekly, daily and H1 levels, scores each line by how many sources agree, and trades each strength tier with its own logic: fake-break reversal on weak lines, confirmed break on medium lines and immediate break on strong lines. Every trade has a stop loss and exits by an ATR trailing stop.
How the lines are built
At the start of each week the Expert Advisor collects price levels from closed bars only:
- previous week high and low, previous month high and low,
- weekly, daily and H1 swing highs and lows,
- weekly pivot, R1 and S1, and nearby round numbers.
Levels that lie close together (within a fraction of the daily ATR) are merged into one line. The strength of a line is the weighted number of sources that agree on it. The lines are drawn on the chart: grey dotted = weak, gold = medium, red = strong.
How each tier trades (H4 by default)
- Weak lines: weak lines are often broken and then rejected. After an H4 close beyond a weak line, the EA watches up to 8 bars. If price closes back on the other side, it treats the break as a fake and trades the opposite way. Stop loss beyond the extreme of the fake break.
- Medium lines: the EA waits until a break has held for 3 H4 bars without closing back. Only a confirmed break is traded.
- Strong lines: an H4 close beyond a strong line is traded immediately in the break direction.
Trade management
- Stop loss from the moment the trade opens.
- ATR trailing stop (8 x ATR of the signal timeframe by default). It never moves back. Optionally it tightens as price approaches the next line.
- No take profit, no grid, no martingale, no averaging. At most one position per tier (three in total).
- Trades are few (about 20 per year on Gold) and are typically held from several days to several weeks.
Important: holding costs
Positions are held for days or weeks, so overnight swap is a real cost. In our tests swap took a significant share of the gross profit. Check your broker's swap for Gold and include it when you evaluate the EA.
Recommendations
- Symbol: XAUUSD (Gold). The logic is ATR-based and can run on other symbols, but it was designed and studied on Gold.
- Chart timeframe: any. Signal timeframe is set per tier in the inputs (H4 by default).
- Strategy Tester: "Every tick based on real ticks" or "1 minute OHLC", at least two years so that weekly swings exist.
- Use a small fixed lot or a low risk percent. With the wide trailing stop a single loss can be large compared with the lot size.
- Test on a demo account before live use.
Main inputs
- Money management: fixed lot or risk percent, maximum spread.
- Lines: minimum strength for targets, round number step, weekly bias threshold.
- For each tier (weak, medium, strong): on/off, magic number, strength range, signal timeframe, logic (break, bounce, fake-break reversal, confirmed break), direction filter, trailing width, break size, bars to watch, stop loss buffer.
Notes
Backtest results shown on this page are research backtests, not live trading results. Past results do not guarantee future results. Trading involves risk of loss.
