GoldFlow
$0
Type: Experts
Seller: Javier Diaz Perete
Published: 24 July 2024
Updated: 28 August 2024
Version: 1.3
Downloads: 800
Overview:
The trading robot is a software application tailored for the XAU/USD currency pair. It is fine-tuned for an H1 (one-hour) trading timeframe, making it ideal for traders seeking a balance between short-term and medium-term strategies.
Technical Indicators Utilized:
- Relative Strength Index (RSI): This indicator is employed by the robot to gauge the speed and extent of price movements in a given direction. It is instrumental in detecting overbought or oversold conditions for the asset.
- Bollinger Bands: The robot leverages these bands to assess market volatility and pinpoint overbought or oversold situations. The bands dynamically adjust based on market conditions, contracting during periods of low volatility and expanding during high volatility.
- Simple Moving Average (SMA): The robot uses the SMA to smooth price data by generating a continuously updated average price. This helps in identifying the trend direction and potential support and resistance levels.
Development and Testing:
- The robot has been rigorously backtested using historical data to ensure it performs reliably and manages risk effectively.
- Forward testing has been conducted through real-time market condition simulations to validate its efficiency before its commercial launch.
