Gold RSI Trend Martingale
- Experts
- Version: 1.0
Gold RSI Trend Martingale is a free Expert Advisor for gold (XAUUSD) that trades one basket in one direction. The direction comes from RSI(14) on M15 and its moving average. One new position is added per H1 candle while the direction holds, and the whole basket closes at a fixed profit per lot.
HOW IT WORKS
- Direction: RSI(14) on M15 rising and above its 9-period average = BUY, falling and below = SELL, otherwise the EA waits.
- Start: at a new H1 candle, only if H1 RSI is not exhausted (no BUY above 75, no SELL below 25) and H1 ADX is below 30.
- Adding: one more position per H1 candle while the direction stays the same, up to 10 positions, each lot x1.15.
- Exit: the whole basket closes at +1 per 0.01 lot of the total volume, or at the basket loss limit (25 percent of the balance).
RISK - PLEASE READ
- This is a martingale: the basket has no stop loss for each position and the lots grow. It can lose a large part of the account.
- The basket loss limit closes everything at the set percent of the balance. In the Strategy Tester the equity drawdown reached about 25 percent.
- Use only money you can afford to lose, test on a demo account first and start with the default lot (0.01 per 10 000 of balance).
- Past results, including tester results, are not a promise of future results.
KEY SETTINGS
- Direction - RSI timeframe, RSI period, RSI moving average period.
- Filters - H1 RSI guard levels, H1 ADX limit, maximum spread.
- Basket - cycle timeframe, maximum positions, lot multiplier, profit per 0.01 lot, basket loss limit in percent, pause after a basket.
- Lot - base lot, automatic lot per balance, maximum lot, magic number, panel on or off.
STRATEGY TESTER
XAUUSD, November 2024 - November 2026, real ticks, 10 000 deposit, default settings: net profit +4 619, profit factor 1.53, maximum equity drawdown 24.9 percent, 3815 trades, the basket loss limit was never reached. Use a hedging or netting account, one XAUUSD chart (M15 recommended).
ALSO BY THE AUTHOR
- Gold Session Portfolio Pro - 10 gold strategies in one EA, stop loss on every trade: https://www.mql5.com/en/market/product/206277
- Pro Trade Manager Panel - trade planning, risk-based lot, multi take profit, break-even and trailing: https://www.mql5.com/en/market/product/167555
- TrendEdge Gold Breakout - H1 trend breakout for gold with a daily trend filter: https://www.mql5.com/en/market/product/201504
