Bollinger + RSI, Double Strategy v1.1 - INDICES/Met. BacktestingThe pair and the time frame you see is the winner in the INDICES/METALS category with profit factor criteria
From 4032 results we have for this strategy :
* 1849 results with Profit Factor > 1
* 106 results with Profit Factor>1 and Sharpe Ratio>0
* 106 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50
* Best timeframe : 1m with 17 pairs
* Best pair for all categories : OANDA:US30 and OANDA:CN50 with 10 timeframes each
* My rating for this strategy is : 2.6290%
Check my posts for all instrument categories
1st (FOREX), 2nd(CRYPTOs) and 3rd(INDICES/METALS)
I will split each strategy backtesting in this manner
I'm talking for strategy
Bollinger + RSI, Double Strategy (by ChartArt) v1.1 Jan 18, 2016
I test 29 Forex pairs from FXCM, 51 Crypto Pairs from Binance and 46 CFDs Indices and Metals from OANDA
In total 126 pairs using 32 !!! timeframes
1,2,3,4,5,6,7,8,10,12,15,17,20,24,25,30,45 minutes
1,1-1/2,2,3,4,5,6,7,8,10,12,16,20 hours
1 and 2 Days
In total 4032 results per strategy
I like profit factor and Sharpe ratio as my main guides but also percent profitable does matter
The results of forex were with 1000 contracts, default currency USD and 0.07 USD per order commission
At Cryptos i use 1 contract, default currency USD and no commission because most cryptos are spread based.
At Indices i use the same details as Crypto.
I didn't touch any settings at the strategy for all three ideas
I can't post direct links according to house rules, since i love TradingView and i play with their rules.
However my profile links and my signature may help for extensive information.
XAGAUD trade ideas
XAGUSD SHORT?As we can see Silver has made a very bullish impulse move up to a major previously tested resistance zone forming a triple top and is also a confluence with the downtrend line as marked.
The bullish impulse move is loosing momentum as seen on market cipher so expect a possible red dot formed on the indicator, if this is formed then expect a large move down possibly to the white marked support or even the solid white marked support.
Let me know what you guys think!
XAGAUD @ 24°Increase in the price of silver (AG) has risen AUD$4.09 from its low on 24 September 2020. Subsequent peaks and troughs through 17 October have remained within a 24° band. Extrapolating this sees a further increase through November with resistance at AUD$36.70 and then at AUD$37.88. The price could still go up beyond that. How far that goes I'm not sure. Several things, of course, will have an impact on that - the US election chief among them. With an efficient (and peaceful?) transition of US administrations, there won't be too much of an issue. So much so, there may even be cause to anticipate a downturn in the price of silver with downward resistance at AUD$32.40.
The extremes are just that - it's unlikely we'll see AUD$40.00 silver, and if the price rockets it'll stubbornly sit under the forty dollar mark. In the other side, a low of AUD$30.00 is not out of the question albeit unlikely.
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom .
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom .
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom.
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Silver Silver
Silver on the weekly chart is finding support at the $24 AUS level.
We see an trend line holding (.0382 Fib Retracement)
Holding above the 30 EMA line
For a confirmation to buy more we need to see:
A bullish MACD crossover
ADX Green bars and momentum to increase.
Silver this year ran a maximum of 28% (currently 23% since January 2019)
XAGAUD - Silver, the bulls are backHey guys welcome back. This week we will be looking at silver. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated.
Currently I have SilverAUD as a long. The reasoning? well call me crazy but last I checked inflation was running ramped. Although it has not hit the market as of yet due to the distribution of this freshly printed fiat pouring into certain assets cough* "The property market". Now with that said silver and gold has never looked more appealing. Why, because you can't print metals. This idea is Australians will look to shelter their money into another assets once a certain market started to pull back. Ta wise Silver is looking extremely bullish, as depicted on the chart. My current count has us at wave three, with wave four completing.
If you would like to request a chart for me to look at comment them below!
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