Mean Reversion Scalping Strategy for Gold
It is a well documented fact that at some point all markets will face a mean reversion event. This usually occurs near the end of a trend when momentum starts to fade due to either capitulation or a market distribution phase.
This specific version of the High Probability Reversal Strat utilizes this unique edge by trading high probability mean reversal setups in the Spot Gold market utilizing the 5min timeframe. Once a trade is initialized the stop is well defined for an optimal risk to rewards ratio and will then attempt 1 of up to a maximum of 3 trades to profit from the expected mean reversion event.
I have personally tested this strategy live over the last couple of months and intend to continue running it live (Attached is the live results for the latest version). The strategy has specifically been developed in such a way as to avoid the usual hurdles associated with curve-fitting and over optimization. It follows time-proven trading principles of stringent risk management and trend following combined with leading edge price-action triggers.
All indicators includes free access to my Ultimate and Complete Course on High-Probability Trading (follow link for course content). You will find the link to the course content in the purchase note upon completion of payment.
I am a professional ProRealTime developer with 4+ years experience in creating and coding ProRealTime strategies.
You can view my PRC profile here: https://www.prorealcode.com/user/juanj/
- Once-off cost with no yearly fees!
- Time Zone Independent (works in any time zone)
- Optimal Risk:Reward based stop loss
- Automatically calculates and analyses Weekly Pivots for enhanced accuracy
- Minimum Recommended Account Size: $500 (Covers Margin and Risk)
- Account Type: IG Standard International Account
- Market: Spot Gold mini 5-minute timeframe
(click to zoom)
$500 capital is required for every 1 point increment in the PositionMultiplier (default setting is 2 i.e. $1000 capital requirement)
For more information on the LinearRegression and SupplementaryPosition parameter please visit page 8 of the dedicated ProRealCode forum.