XAUUSD Reversal Bot

Strategy

A reversal trading bot for XAUUSD that combines Money Flow Index (MFI) with Bollinger Bands to identify false breakouts (Fake Breakouts) and capture potential market reversals.

Entry Logic

Uses MFI to detect overbought and oversold conditions.

Waits for price to move outside the Bollinger Bands and re-enter, confirming a false breakout before opening a trade.

Includes customizable entry filters and execution parameters.

Risk Management

Configurable lot size, Stop Loss, Take Profit, and spread filter.

Optional recovery and trade management features for improved flexibility.

Best For

Suitable for traders who prefer reversal strategies on XAUUSD and understand the risks of trading against short-term market momentum.

Notes

Best performance is typically achieved in normal or ranging market conditions. Backtesting and demo testing are recommended before live trading.