RSI Divergence (GOLD) Trading Strategy
Loses money
No edge after realistic trading costs
- trades tested
- 3,736
- per trade after costs
- -4.29bp
- winners
- 42%
- years of data
- 17.5
On 15-minute gold, wait for the default RSI(14) to leave the 70/30 zone and then come back inside it; enter short on the re-entry from above 70 and long on the re-entry from below 30. Stop beyond the previous swing, target at the untouched 1:1 position tool.
The exact rules we tested
- 01Instrument: XAUUSD | Signal timeframe: 15m | Direction: both
- 02LONG when: rsi14 crosses above 30
- 03SHORT when: rsi14 crosses below 70
- 04Entry: market at next bar open
- 05Stop: last swing (strength 3) +/- 0bp
- 06Target: 1.0R (risk-multiple of stop)