Bcharbonneau

Strategy Overview

This algorithm is specifically engineered for XAUUSD (Gold), focusing exclusively on long-side opportunities. It leverages the historical bullish bias of gold as a safe-haven asset, seeking to capture upward trends while avoiding the high-velocity "flash crashes" often associated with short-side gold volatility.

The strategy operates on a dynamic scaling model. Rather than entering a full position at once, the algorithm scales into positions every $5 price movement. This allows for a better average entry price and reduces the impact of minor market noise.

Key Technical Features

• Asset: XAUUSD (Gold)

• Direction: 100% Long Only (Buy)

• Scaling Interval: Fixed $5.00 increments (e.g., if entry is at $2,000, subsequent layers are considered at $1,995 or $2,005 depending on the trend logic).

• Logic: Uses a combination of Moving Average crossovers and RSI oversold filters to ensure entries occur during high-probability bullish momentum or healthy pullbacks.

Risk Management

• No Grid/Martingale: While the strategy scales, it does not use aggressive multiplier lot sizing.

• Hard Stop Loss: Every basket of trades is protected by a global "hard stop" to prevent account depletion during major trend reversals.

• Low Drawdown Focus: By scaling in $5 increments, we smooth out the equity curve and avoid over-leveraging at a single price point.

Subscriber Recommendations

• Minimum Balance: $1,000 (Recommended for 0.01 lot base).

• Leverage: 1:100 or higher.

• Execution: Use a broker with low spreads on Gold (Raw spreads preferred) and a VPS with low latency to ensure the $5 scaling points are hit precisely.