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)
27.07.2025 bug inside v1.03, Closing on friday is not working!!! --> New version v1.04 uploaded

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

I Can create this EA

This that gmt time?

This would be Great, when you create an EA!!!

And yes , it is GMT Time!

would definitely try this...seems too simple, right

Thanks ForexAs
...but hold in mind it will only work in uptrend (see 1990 - 2001) ;-)

One idea is to Split 1 Buy Trade into 3 Entry Trades......

Manual Trade from 18.02 - 19.02
1. Buy 22.00 (GMT Time, 18.02)...0.01 Lot
2. Buy 24.00 (GMT Time, 18.02)...0.01 Lot
3. Buy 01.30 (GMT Time, 19.02)...0.01 Lot
4. Sold 21.55 (GMT Time, 19.02)..0.03 Lot

Result +36 Points

Is it possible that you can create an EA? Also for MT5?

Another Entry Version

I am not a coder.
Maybe this EA can help.... if someone can modify it.
I tried to get a coder to assist, but no one so far......

alanbTrader you mentioned above you are working on an EA,
this might help you?

Any news yet regarding the EA plse?

Thursday is near......

Hello I'm not a programmer but I managed to do EA, do you have an idea how to make it better?

ex5 file?
EX4 available?

6 Hours to go....

Download MT5

Not a good time to test this i.e. will not give a true indication in the current market conditions

Still no-one able to code this bot, seems a profitable strategy

This is all in one EA.

Interesting concept. No one has made an EA for this yet I see, so I guess I will.

What is this? any manual?