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Rules
Job finished
Specification
Help with developing profitable strategy.
Before delivery HTML backtesting results needed.
After delivery EA delivered with source code.
No grid, no martingale, no hedging. Stoploss required.
Gold-Silver ratio and correlation swing trading strategy. Strategy that trades metals: xauusd (gold), xagusd (silver).
Some links:
* https://www.dailyfx.com/gold-price/trading-the-gold-silver-ratio.html
* https://www.mql5.com/en/blogs/post/752060
Idea of strategy:
Analyzes daily, weekly charts.
When Gold-Silver ratio is in up trend, and both gold and silver in up trend, buy gold.
When Gold-Silver ratio is in up trend, and both gold and silver in down trend, sell silver.
When Gold-Silver ratio is in down trend, and both gold and silver in up trend, buy silver.
When Gold-Silver ratio is in down trend, and both gold and silver in down trend, sell gold.
Trailing stoploss required. One active trade per symbol.
Minimum requirements:
1. Enters and closes a trade at least once a week
2. Sharpe Ratio of at least 1
3. Max drawdown of 10%
4. At least 5 years of trading history in backtesting
Additional Ideas:
* Can hedge against each other (example: if buy gold, sell silver).
* Can hedge against forex pairs such as: usdjpy, audusd, usdcad, cadjpy
* Can hedge against oil (brent crude).
* Can hedge against other metals: xpdusd (palladium), xptusd (platinum)
* Depending on trend strength, can open new trades in same direction.
Feel free to add additional other MQL indicators and ideas.
Message me for more discussion.