Description
The Gold Digger trading strategy is especially optimized for the gold market “XAUUSD” in the 1H timeframe with enormous results of over 250,573% profit (at 1:7 leverage) over the full backtesting period from 1997–2024.
Real results! Test it yourself on TradingView.
DEMO & HOW TO USE:
Features
Performance Table
See the historic performance for each month and year form the start of the backtest.
Set Individual Leverage
Tailor the risk level to your preference. Increase the leverage for more aggressive trading or decrease it for a conservative approach.
This strategy with lower leverage: Less net profit, less max drawdown
This strategy with higher leverage: More net profit, more max drawdown
Optimized Order Sizes
The strategy automatically adjusts order sizes based on market volatility, helping to protect your capital from significant losses and drawdowns while increasing overall profits.
Without optimized order sizing
With optimized order sizing: Higher net profit, lower max drawdown
Easy To Use
The strategy is designed to be intuitive and easy to use, with minimal setup required. Focus on trading without worrying about complex technical settings.
Automate Trading With Build In Trading Bot (PineConnector)
Integrate with Pineconnector for automated trading. We offer full support to help you set up your trading bot – simply reach out via chat or email.
Live Order Sizes (Without Manual Calculations)
No matter if you trade manually or use a bot – With every open or buy signal you get the exact order size you need to open/close in your broker with your predefined initial capital and own risk percentage, so you get the same exact results as in the TradingView strategy, without the hassle of calculating anything manually!
How to Setup And Start Trading
1. Open TradingView Chart
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- Open TradingView and go to Supercharts on your desktop computer (not working on smartphones)
- If you don’t have an TradingView account yet please create one – it’s free.
2. Add the Strategy To Your Chart
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- Click on “Indicators”, go to “invite-only” and click on the strategy. If the strategy shouldn’t appear it could be that you haven’t access yet – In this case please wait until you have access (You will be notified per email). If you already have access please log out and back in. If it still shouldn’t appear please send us an email or use our support chat.
- Open “FXOPEN:XAUUSD“
- Open the 1-hour timeframe.
It should look like this:
3. Customize Your Settings (Click on “settings” on the strategy)
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- Leverage: Increase the leverage for more risk (higher returns, higher drawdowns) or decrease it for less risk (lower returns, lower drawdowns). 3 is standard, but you can change it to your individual trading style. The drawdown shouldn’t be too high and never exceed 100%, because this will result in an error and in real trading into a stop out and full loss.
It’s calculated like this: leverage * order size (which is default 100% of equity) - PineConnector license ID: If you want to automate your trading, you can do so by using PineConnector. Down below you find more information about how to set up PineConnector for automated trading. You can insert your license ID here. Otherwise you don’t need to change anything here.
- Broker ticker/symbol: If you want to use PineConnector for auto trading you need to insert the ticker/symbol of your broker here to open and close positions correctly at your broker. You find more info down below on how to set up.
- Startdate: Here you can select a date from when the strategy should start to work. You need to set it to an actual date (today) to get the order sizes calculated correctly for alerts and auto trading.
- Show Performance Table: Show and hide the performance table.
Attention: TradingView has a bug right now, so after hiding it can be that the strategy isn’t visible anymore. In this case please go to indicators and add it once again to your chart. - Color: Change the color of bearish and bullish signals.
- Leverage: Increase the leverage for more risk (higher returns, higher drawdowns) or decrease it for less risk (lower returns, lower drawdowns). 3 is standard, but you can change it to your individual trading style. The drawdown shouldn’t be too high and never exceed 100%, because this will result in an error and in real trading into a stop out and full loss.
4. Create Alerts
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- Set the start date in strategy settings to today
- Click on “Alerts”
- then “+”
- choose the strategy
- use “alert() function calls only”
- give it a proper name
- Click “Create”
- Now you get real time notifications whenever you need to open or close a position.
(Ignore the exclamation mark. It doesn’t repaint)
5. Execute Trades Manually
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- When you get a notification of the strategy from TradingView take a look at it.
- Now open (or close) a position in your broker. If you don’t have a broker yet please choose one and create an account. We recommend Vantage Markets as it is a very popular broker with low fees and a lot of assets.
6. Trade Automatically With PineConnector
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- Go to PineConnector.com and create an account.
- Install the PineConnector EA to your MetaTrader 4/5 as described in the PineConnector documentation
- Insert your account/license number into the strategy on TradingView
- insert the ticker symbol from your broker (we recommend Vantage Markets) into the strategy on tradingView (In this case it’s something like Gold, XAUUSD,…)
- Create an alert: Set it to “alert() function calls only” and under Notifications insert “https://pineconnector.net/webhook/” as Webhook URL, click Create.
- Keep your computer on and MT4/5 running in trading times, otherwise no trades will be executed.
- Test if trades get executed correctly. If it doesn’t work please take a look at the PineConnector docs. If that also doesn’t help please send us an email or use or support chat.
Default Settings
- Symbol: FXOPEN:XAUUSD
- Timeframe: 1 hour
- Initial Capital: default USD 10,000 (adjustable)
- Base Currency: Default USD (customizable, e.g., INR)
- Order Size: Dynamically calculated based on market conditions, leverage and equity
- Commission: 0.01 (adjustable)
Test it now 14 days for free!
If you need help or if you have questions please send us an email or use our support chat!
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