Gold/Spread Algo — Strategy by uzair2join
By uzair2join
Performance Metrics
- Author: uzair2join
- Symbol: ICMARKETS:XAUUSD
- Timeframe: 1 minute
- Net P&L: +21.22 USD (+0.00%)
- Win Rate: 52.1%
- Profit Factor: 1.007
- Max Drawdown: 262.18 USD (0.03%)
- Total Trades: 2,064
Description
XAUUSD 1-Minute RSI Scalping Strategy – Mean-Reversion with Fixed ExitsThis open-source strategy is a high-frequency, counter-trend scalping system designed specifically for **XAUUSD (Gold)** on the 1-minute timeframe.Core LogicThe strategy uses classic RSI(14) to identify short-term overextension:- Long entry when RSI drops below oversold (default 30) → expects quick snap-back- Short entry when RSI rises above overbought (default 70) → expects quick pullbackEntries are taken only when flat (no pyramiding). Exits are fixed in pips and set immediately on entry:- Take Profit: +10 pips (0.10 in XAUUSD price)- Stop Loss: –5 pips (0.05 in XAUUSD price)- Built-in Risk:Reward = 1:2This fixed structure gives the system positive mathematical expectancy even with moderate win rates (≈55–65% before costs), provided gold continues to exhibit frequent mean-reversion behavior on 1-minute charts.Why this simple approach?Gold is one of the most volatile and momentum-driven instruments on very short timeframes. Pure RSI extremes often capture quick exhaustion moves after news spikes, order flow imbalances, or session transitions — especially during London/NY overlap. Fixed pip targets prevent over-optimization and mimic real broker execution more closely than dynamic trailing or percentage-based exits.Important Realism & Backtesting NotesTo produce non-misleading results, use these settings when publishing/testing:- Initial Capital: $10,000 – $30,000 (realistic retail size)- Position sizing: fixed 0.10–0.30 lots or 1–3% equity per trade- Commission: 5–8 USD round-turn per lot (typical ECN/raw-spread)- Slippage: 3–8 ticks (≈0.03–0.08 in price) — gold spreads widen during volatility- Minimum dataset: 12–36 months of 1-minute data (aim for 800–2000+ trades)- Risk per trade: usually 0.5–1.5% with defaults — never exceeds sustainable levelsResults vary significantly:- Strongest in ranging or mildly trending sessions- Weaker during strong directional moves or major news (NFP, FOMC, geopolitics)- Expect drawdowns during trending regimes — this is NOT a trend-following systemVisual & Dashboard Elements- RSI line + fill (blue/orange background) + overbought/oversold zones- BUY/SELL triangles at entry points- Professional top-right dashboard showing: - Net Profit & Loss - Total Trades / Win Rate / Profit Factor - Winning / Losing Trades - Current RSI value - Position status (LONG / SHORT / FLAT) - TP:SL ratioAlerts- 🟢 LONG ENTRY – RSI oversold- 🔴 SHORT ENTRY – RSI overboughtHow to Use1. Apply to XAUUSD 1-minute chart only2. Use realistic commission/slippage in Strategy Tester3. Trade primarily during London & New York sessions for best liquidity4. Avoid major news events or widen stops manually5. Forward-test on demo for 2–3 months minimum6. Always size conservatively — never risk more than 1–2% per tradePublish Recommendation- Use a clean chart: only this strategy, no extra indicators/drawings- Show realistic tester results with commission/slippage applied- Screenshot during active session with visible entry signals + dashboardEducational tool — open-source for learning and testing. Not financial advice. Gold 1-minute trading is extremely volatile and carries high risk of loss. Trade responsibly.