EA GOLD KILLER – Hunt Gold on M1 using RSI and DayTimeTrade

Introduction
EA GOLD KILLER uses a combination of two indicators including RSI(25) and DayTimeTrade.

RSI uses a period of 25 and overbought/oversold zones of 72/26 on the M1 frame.

DayTimeTrade is used to optimize safe and effective trading time frames. The parameters have been optimized after analyzing price fluctuation data over the past 3 years from 2020 to present.

EA GOLD KILLER trading method
Strategy
Buy condition
When the candle closes at or below the oversold zone (RSI zone 26)

Time Frame: M1

Sell condition
When the candle closes at or above the overbought zone (RSI zone 72)

Time Frame: M1

Risk management
Volume and TP of the first fixed order: 0.03 lot and 20 points.

Total positions on the account: 5

Trading volume according to 2.0.

Step Size is fixed at 50; 100; 150; 300; 400; 350 points respectively.

TP is fixed for DCA series at 100; 20; 30; 100; 130; 10 points respectively.

Backtest Results

Backtest Settings

Backtest Results of EA GOLD KILLER

We will evaluate the backtest results based on 4 criteria:

Drawdown recovery period = EDD * Number of Backtest months / Total Net Profit

History Quality ≥ 99%

Profit Factor ≥ 1.5

Equity Drawdown ≤ 15%

Drawdown recovery period

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Currency pair: XAUUSD, Gold

Settings: Default

Timeframe: M1

Minimum deposit : $1000 or $10 (Cent acc)

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