This simple strategy is based on receiving signals from only two indicators, which are included in the standard platform MT4 and are well suited for trading on the pair XAUUSD. Chart interval – D1.
Set Bollinger bands with the period 20 on the chart.
Set Stochastic with the parameters: K Period -5, D Period -3, Slowing -3.
Conditions for concluding a sell transaction:
The price reaches the upper band of the Bollinger indicator; the black (bearish) candlestick is outlined on the chart.
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