JCR Livermore XAUUSD
- Experts
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Ron Van Hunnik
At JCRinvestments, we specialize in developing data-driven, fully automated trading algorithms for MetaTrader 5. Our quantitative approach focuses on systematic edge, strict risk management, and empirical backtesting rather than subjective market predictions.
Our Philosophy: - Version: 1.0
- Activations: 5
Livermore Trend Gold is a trend-following Expert Advisor for gold (XAUUSD) on the H4 chart, from the JCR Investments Legend series. It is inspired by the trading principles of Jesse Livermore, one of the most famous traders in history: let the market prove its direction first, then join the move and cut losses early.
HOW IT WORKS
- Waits for confirmation. No predictions and no guessing: the system only acts when gold breaks away from its recent range with enough momentum.
- Joins the trend, long or short. It places a pending order beyond the recent high or low, so it only enters when price actually moves in that direction.
- Cuts losses early. Every trade has a fixed stop loss from the moment it opens. Once a trade moves in its favour, the stop is moved to breakeven.
- Lets winners run. Livermore wins about one in three trades, but its winners are on average almost three times larger than its losers.
BUILT FOR SAFETY
- One position at a time
- No grid, no martingale, no averaging down
- Fixed stop loss on every trade
- Position size calculated from your account balance (risk per trade in %)
BACKTEST
XAUUSD, H4, January 2020 to mid-August 2026, 1% risk per trade, real ticks, commission included:
- Profit factor 1.60
- Maximum equity drawdown 15.3%
- 1,462 trades, win rate 37%
- Profitable in 7 of 7 years
What to expect: as with any trend-following system, there will be series of small losses between the winning trades. Gold has trended strongly in recent years; in a calmer gold market, results may be lower.
SETTINGS
Attach to an XAUUSD H4 chart and leave the default settings unchanged. The gold symbol is named differently per broker (XAUUSD, GOLD). Swap on gold differs per broker and affects the result. A VPS is recommended so the EA runs without interruption.
Inputs:
- Risk per trade (%): share of the account balance risked on each trade. Default 1.0.
- Magic number: identifies the trades of this EA. Default 2121. Only change it if another EA on the same account uses the same number.
The Legend series applies the ideas of well-known traders in a modern, rule-based form. It is not affiliated with or endorsed by any of them. Past results do not guarantee future results. Trading carries risk; only trade with money you can afford to lose.
