RSI, Volume, MACD, EMA Combo — Strategy by Ashhabx
By Ashhabx
Performance Metrics
- Author: Ashhabx
- Symbol: OANDA:XAUUSD
- Timeframe: 1 minute
- Net P&L: −51.33 USD (−0.01%)
- Win Rate: 27.2%
- Profit Factor: 0.855
- Max Drawdown: 100.11 USD (0.01%)
- Total Trades: 475
- Sharpe Ratio: −4.418
Description
RSI + Volume + MACD + EMA Trading SystemThis script combines four powerful indicators—Relative Strength Index (RSI), Volume, Moving Average Convergence Divergence (MACD), and Exponential Moving Average (EMA)—to create a comprehensive trading strategy for better trend confirmation and trade entries.How It WorksRSI (Relative Strength Index)Helps identify overbought and oversold conditions.Used to confirm momentum strength before taking a trade.VolumeConfirms the strength of price movements.Avoids false signals by ensuring there is sufficient trading activity.MACD (Moving Average Convergence Divergence)Confirms trend direction and momentum shifts.Provides buy/sell signals through MACD line crossovers.EMA (Exponential Moving Average)Acts as a dynamic support and resistance level.Helps filter out trades that go against the overall trend.Trading LogicBuy Signal:RSI is above 50 (bullish momentum).MACD shows a bullish crossover.The price is above the EMA (trend confirmation).Volume is increasing (strong participation).Sell Signal:RSI is below 50 (bearish momentum).MACD shows a bearish crossover.The price is below the EMA (downtrend confirmation).Volume is increasing (intense selling pressure).Backtesting & Risk ManagementThe strategy is optimized for scalping on the 1-minute timeframe (adjustable for other timeframes).Default settings use realistic commission and slippage to simulate actual trading conditions.A stop-loss and take-profit system is integrated to manage risk effectively.This script is designed to help traders filter out false signals, improve trend confirmation, and increase trade accuracy by combining multiple indicators in a structured way.