GOLD FIBONACCI REVERSAL STRATEGY

The Gold Fibonacci Trading System takes advantage of the wild swing in the Gold Futures market. We have recently developed this strategy in October 2021 to add to our trading system portfolios. Traditional trading methods have made it challenging to trade Gold. 

We introduce this as a strategy that is taking advantage of market conditions only since 2017. This pattern was difficult to detect until the last two years as the equity curve has accelerated the last two years.

We show you how the strategy has worked in five different stages: the last 7 months, since 3/23/2020 (Fed Pandemic stimulus), January 2019, January 2017, and January 2007. In summary it does much better in the recent market conditions and has a negative equity curve prior to 2017. This strategy has been added to the Portfolio Calculator.

If you have traded gold recently, you have probably noticed the wild nature of the swings in this market. 

GOLD FIBONACCI REVERSAL UPDATE

The Gold Fibonacci Trading System was released last week. This week, we have an update on 10/27/2021. This update does not change the strategy and it does not change the results of the strategy. This change adds additional features.

The additional features for this strategy include:

  • Separate Long and Short Stop Losses
  • Separate Long and Short Profit Targets
  • Separate Long and Short Start and Finish Times
  • Adds DontTradeOnHolidays input
  • Adds Monthly Stop Loss input

The default values for this strategy are set so that it matches the original release.

EASYLANGUAGE STOP LOSS CODE

We discuss the Easylanguage code in Tradestation 10 for adjusting stop losses and profit targets and separating them for long and short signals.

The first block of code is the original stop loss code.

Inputs: StpLs(True), StpLsAmt(1000),
PrfTg(True), PrfTgAmt(1200);

SetStopContract;
If StpLs then SetStopLoss(StpLsAmt);
If PrfTg then SetProfitTarget(PrfTgAmt);

The second block of code is the updated stop loss code. 

Inputs: FirstBarSL(1000), FirstBarPT(1200),
StpLsLong(True), StpLsAmtLong(1000),
StpLsShort(True), StpLsAmtShort(1000),
PrfTgLong(True), PrfTgAmtLong(1200),
PrfTgShort(True), PrfTgAmtShort(1200);


SetStopContract;
If Marketposition=0 then SetStopLoss(FirstBarSL);
If Marketposition=0 then SetProfitTarget(FirstBarPT);
If Marketposition=1 and StpLsLong then SetStopLoss(StpLsAmtLong);
If Marketposition=-1 and StpLsShort then SetStopLoss(StpLsAmtShort);
If Marketposition=1 and PrfTgLong then SetProfitTarget(PrfTgAmtLong);
If Marketposition=-1 and PrfTgShort then SetProfitTarget(PrfTgAmtShort);

While the entries are proprietary, there is nothing proprietary about this stop loss code.

Gold Fibonacci Reversal 2022
Hypothetical Tradestation Performance Summary
No Slippage or Commission
03/21/2021 - 10/21/2021
Tradestation Performance Summary
Gold Fibonacci Reversal 2022
Hypothetical Tradestation Performance Summary
No Slippage or Commission
03/23/2020 - 10/21/2021
Gold Fibonacci Reversal 2022
Hypothetical Tradestation Performance Summary
No Slippage or Commission
01/01/2019 - 10/21/2021
Tradestation Performance Summary
Gold Fibonacci Reversal 2022
Hypothetical Tradestation Performance Summary
No Slippage or Commission
01/01/2017 - 10/21/2021
Annual Subscription
An annual subscription is the easiest way to get started. We do  not offer monthly subscriptions since strategies can go through multi-month losing streaks. An annual subscription will license you up to 4 contracts per market that you subscribe.
Lifetime License
The lifetime license doesn't limit the number of contracts traded and can be traded on all stock index futures. The code is closed and the strategy remains proprietary but the code will never expire. 
Contact Us
Contact Us to get the latest results or to send us any questions that you may have about this strategy. Many of our individual strategies are included in the Market Portfolios. 

A software subscription to trade this for your account requires a brokerage account and the Tradestation or Multicharts platform.
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.