Gold XAUUSD Scalping using only RSI #gold #xauusd #forex #trade #trad...
Loses money
No edge after realistic trading costs
- trades tested
- 4,776
- per trade after costs
- -5.81bp
- winners
- 63%
- years of data
- 17.5
Scalp gold on the 15-minute chart with one indicator, RSI(10): when price makes a higher high while RSI makes a lower high (bearish divergence) he places sell orders at the highs. He closes most of the trades after the drop; the mirror (bullish divergence -> buys) is the implied long side.
The exact rules we tested
- 01Instrument: XAUUSD | Signal timeframe: 15m | Direction: both
- 02LONG when: div.bull > 0
- 03SHORT when: div.bear > 0
- 04Entry: market at next bar open
- 05Stop: none (as taught - the trade closes only on its exit rule) [the video gives none]
- 06Exit longs when: rsi10 crosses above 60
- 07Exit shorts when: rsi10 crosses below 40