A classic breakout strategy for gold, designed according to the rules of system creation: logical basic idea, a small number of parameters to be optimized, forward tests and so on. This results in an Expert Advisor for a calm portfolio trading. The main features of the algorithm:
- Determination of the levels with the probable accumulation of pending orders and stop losses;
- Market entry in the direction of the level breakout;
- Consideration of the current volatility to determine the optimal TP/SL;
- The proprietary "proportional noose" algorithm for position maintenance;
- Splitting positions to gradually take profit;
- No risky techniques.
Expert Advisor Setup:
- Symbol - XAUUSD (GOLD);
- Timeframe - H1;
- Risk - setting the working lot: < 0 - fixed lot, > 0 - risk per trade (0.01=1%).