Daily Gold Trader
- Experts
- Muhamad Haziq Bin Rosli
- Versione: 1.0
- Attivazioni: 7
Daily Gold Trader Bot (M15 Bollinger Band Pullback Strategy)
1. Core Concept:
This automated trading bot is designed to capitalize on the daily trend of gold (XAU/USD) by entering trades on short-term pullbacks within that trend. Instead of chasing price after a big move, it patiently waits for a counter-trend retracement to a key indicator—the Bollinger Bands—on the 15-minute (M15) chart to enter in the direction of the overarching daily bias.
2. Market Philosophy:
The strategy is built on the principle that strong trends are punctuated by periodic pullbacks. The Bollinger Bands act as a dynamic support and resistance zone, identifying moments where the short-term momentum has temporarily exhausted, offering a favorable risk-to-reward entry point to re-join the dominant trend.
3. Required Components & Setup:
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Asset: XAU/USD (Gold vs. US Dollar)
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Primary Trend Analysis Timeframe: Daily (D1)
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Entry & Management Timeframe: M15 (15-minute)
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Primary Indicator: Bollinger Bands (Standard settings: 20-period Simple Moving Average with 2 standard deviations).
Minimum Deposit is 1k USD for FBS broker, other broker might need to depo more as the daily candle might be differed a bit.
