EA 周五淘金热 (EA Friday Gold Rush)

TRADING STRATEGY: THE FRIDAY GOLD RUSH

This strategy, used by fund manager Andre Stagge, stands out due to its simplicity: buy gold every Thursday evening and keep the position 24 hours. On Friday evening the position is sold. As an alternative it is also possible to close the position Monday morning. The results are fairly similar in both cases. The strategy does not use a profit target or a stop loss. It is a very successful strategy on a long term run.

The EA_Friday_Gold_Rush_v1.00 as a MT4 version is in general very simple with following parameters:
Best backtested result within 2024 - Jan 2025:
1. Open a position on thursday 15.45(London time, UTC+0)
2. Close the position on friday 19.25 (London time, UTC+0)
3. No take profit, stop loss 1.500 (you can set it also as a secure stop loss with 20.000 --> different backtest results, but successful)

I tested (see below) different seeting (A, B, C), I will give now "Setting B+C" a try on an live account with v1.04, starting on 29.07.2025.

MT4 Version v1.04: Backtest results from 01.01.25 - 26.07.25, detailed results see post #61: EA Friday Gold Rush | Page 4 | Forex Factory

Setting A:
Trade 1: Open 0.01 on Thursday 15:45, close on friday 19:25
Trade 2: Open 0.01 on Thursday 15:15, close on friday 17:15
Trade 3: Open 0.01 on Thursday 15:15, close on friday 11:30
Stop loss in pips: 1.600 (in general a security stop loss should be used with 20.000, original works w/o stop loss)
Time offset in h: 0 (set here the different of h between broker time and london time)

Setting B:
Trade 1: Open 1% on thursday 15:45, close on friday 12:00
Trade 2: Open 1% on thursday 15:30, close on friday 12:30
Trade 3: Open 1% on thursday 14:15, close on friday 11:30
Stop loss in pips: 2.500 (in general a security stop loss should be used with 20.000, original works w/o stop loss)
Time offset in h: 0 (set here the different of h between broker time and london time)

Setting C:
Trade 1: Open 0.01 on thursday 15:45, close on 21:55
Trade 2: Open 0.01 on thursday 15:30, close on 21:55
Trade 3: Open 0.01 on thursday 14:15, close on 21:55
Stop loss in pips: 0 (no stopp loss)
Time offset in h: 0 (set here the different of h between broker time and london time)

Status 27.07.2025 --> New Update MT4 Version: EA_Friday_Gold_Rush_v1.04
01.03.2025 now included MoneyManagement / Risk in % possible instead of fix lot size
26.07.2025 now included Bollinger Band Filter with setting 55, 0.2, 1h (Buy positon is only taken, when current price is above the upper Bollinger Band)


MT4 Version v1.00/v1.01: Time setting, Screenshot with a Broker (London time), Time Offset = 0

MT5 Version v1.00: #post 46, great thanks to member "sournk" for the support!

Be aware, that the MT5 Version use different entry and exit time settings as described above.
I backtested the MT5 Version and found out, better entry/exits are:
Entry: 15:15
Exit: 17:15
Stop Loss 1.500




I welcome your contributions, but please ensure they contribute to the discussion; otherwise, I will ask the admin to remove them if necessary.

Best greetings from Rosenheim/Bavaria
ForexAs