RSI & Stoch OS + HH Entry + SL 0.6% — Strategy by lnwza99plus
By lnwza99plus
Performance Metrics
- Author: lnwza99plus
- Symbol: OANDA:XAUUSD
- Timeframe: 5 minutes
- Net P&L: +730.52 USD (+7.31%)
- Win Rate: 63.1%
- Profit Factor: 1.831
- Max Drawdown: 144.47 USD (1.36%)
- Total Trades: 103
Description
RSI & Stochastic Convergence (Higher High Entry) This strategy is designed to capture high-probability reversals by combining dual-oscillator oversold conditions with price action confirmation.Entry Logic: The strategy waits for both RSI and Stochastic to reach oversold territory. To avoid "falling knives," it only enters a Long position when the current bar achieves a Higher High compared to the previous bar.Take Profit (TP): Positions are closed when the Stochastic %K enters the overbought zone (90), securing gains during peak momentum.Stop Loss (SL): A disciplined risk management rule is applied with a fixed -0.6% stop loss from the entry price to protect against sudden market drops.