OPEN-SOURCE SCRIPT

Gold Friday Anomaly Strategy

This script implements the "Gold Friday Anomaly Strategy," a well-known historical trading strategy that leverages the gold market's behavior from Thursday evening to Friday close. It is a backtesting-focused strategy designed to assess the historical performance of this pattern. Traders use this anomaly as it captures a recurring market tendency observed over the years.



What It Does:

  1. Entry Condition: The strategy enters a long position at the beginning of the Friday trading session (Thursday evening close) within the defined backtesting period.
  2. Exit Condition: Friday evening close.
  3. Backtesting Controls: Allows users to set custom backtesting periods to evaluate strategy performance over specific date ranges.




Key Features:

  • Custom Backtest Periods: Easily configurable inputs to set the start and end date of the backtesting range.
  • Fixed Slippage and Commission Settings: Ensures realistic simulation of trading conditions.
  • Process Orders on Close: Backtesting is optimized by processing orders at the bar's close.




Important Notes:

  • Backtesting Only: This script is intended purely for backtesting purposes. Past performance is not indicative of future results.
  • Live Trading Recommendations: For live trading, it is highly recommended to use limit orders instead of market orders, especially during evening sessions, as market order slippage can be significant.




Default Settings:

  • Entry size: 10% of equity per trade.
  • Slippage: 1 tick.
  • Commission: 0.05% per trade.
backtestingCycleseducationalgoldlonggoldpricestatisticsstrategystrategyteststrategytestingtradingstrategyXAUUSD

Skrypt open-source

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