EA Friday Gold Rush | Gold EA Download- MT4/MT5 Resources

Trading Strategy: Friday Gold Rush

This strategy used by fund manager Andre Stagge stands out for its simplicity: buy gold every Thursday night and hold the position 24 hours a day. The position was sold on Friday night. As an alternative, it is also possible to close the position on Monday morning. The results in both cases are very similar. This strategy does not use profit targets or stops. In the long run, this was a very successful strategy.

EA_Friday_Gold_Rush_v1.00 as an MT4 version is generally very simple, with the following parameters:
Best backtest results from 2024 to January 2025:
1. Open a position at 15.45 (London time, UTC+0) on Thursday
2. Close positions on Friday 19.25 (London time, UTC+0)
3. No take profit, stop loss 1.500 (you can also set it as a safe stop loss of 20.000 --> different backtest results, but successful)

I tested (see below) different setups (A, B, C) and I will now try "Setup B+C" on a live account with v1.04, starting on July 29, 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:
Transaction 1: Open 0.01 at 15:45 on Thursday, close at 19:25 on Friday. Transaction 2: Open 0.01 at 15:15 on Thursday, close at 17:15 on Friday. Transaction 3: Open 0.01 at 15:15 on Thursday, close at 11:30 on Friday. Stop loss point: 1.600 (under normal circumstances, 20.000 should be used for safe stop loss, and there is no stop loss for original works)
Time Offset: 0 (set here h difference between broker time and London time)

Setting B:
Transaction 1: 1% opening at 15:45 on Thursday, closing at 12:00 on Friday. Transaction 2: 1% opening at 15:30 on Thursday, closing at 12:30 on Friday. Transaction 3: 1% opening at 14:15 on Thursday, closing at 11:30 on Friday. Stop loss point: 2.500 (under normal circumstances, 20.000 should be used for safe stop loss, and there is no stop loss for original works)
Time Offset: 0 (set here h difference between broker time and London time)

Setting C:
Transaction 1: Open 0.01 at 15:45 on Thursday, close at 21:55 Transaction 2: Open 0.01 at 15:30 on Thursday, close at 21:55 Transaction 3: Open 0.01 at 14:15 on Thursday, close at 21:55 Stop loss points: 0 (no stop loss)
Time Offset: 0 (set here h difference between broker time and London time)

Status 27.07.2025 --> New updated MT4 version: EA_Friday_Gold_Rush_v1.04
March 1, 2025 Now includes money management/risk percentage instead of fixed lot size
July 26, 2025 Now includes Bollinger Bands filter set to 55, 0.2, 1 hour (buy positions are only taken if the current price is above the Bollinger Bands upper limit)


MT4 version v1.00/v1.01: time settings, screenshot of broker (London time), time offset = 0

MT5 version v1.00: #post 46, thank you very much to member "Su Enke" for your support!

Please note that the MT5 version uses different entry and exit time settings as mentioned above.
I backtested the MT5 version and found that the better entry/exit is:
Entry time: 15:15
Exit: 17:15
Stop loss 1.500




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Warmest regards from Rosenheim, Bavaria
Forex trading