Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power!

Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power! at a glance

Kind of rule	Time of day (session and opening range)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	price only
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	68 cells: 15 coins, October 2021 to June 2026, no fee
Trades placed	none
Page updated	2026-11-08

Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power! backtest results, every cell

There is no cloud of cells to draw. The frame below says why.

How Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power! works

Rules in this group usually work like this. It only acts during set hours, such as the London or New York morning. Crypto never closes, so those hours are a choice, not a fact of the market. The question is whether those hours behave the same way on more than one coin. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. The exact line is in the list below, in the author's names, and you can skip that list. When it enters, it also sets a stop or a target, so a trade can close without a new signal.

The author did not set a size, so each trade uses whatever amount the code assumes. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

• Enters long when Enable Backtest (off) and buy signal.
• Enters short when Enable Backtest (off) and sell signal.
• Closes the position when Enable Backtest (off) and buy signal and a short position is open.
• On entry, places a target TP Points (100) ticks away, a stop SL Points (100) ticks away.
• Closes the position when Enable Backtest (off) and sell signal and a long position is open.
• On entry, places a target TP Points (100) ticks away, a stop SL Points (100) ticks away.

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	price only
A second chart speed	No. It uses one chart speed only.
Only at certain hours	Yes. It only acts during set hours.
Adding to a trade	It holds one trade at a time.
How much it trades	The author did not set a size, so each trade uses whatever amount the code assumes.
Cost the author assumed	The author assumed no trading cost.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
Enable Backtest	off
TP Points	100
SL Points	100
Lookback Days	60
Time Zone Offset (hours from UTC)	0
Enable Observation Range	on
Observation Range (HHMM-HHMM)	0000-2230
Enable Signal Range	on
Signal Range (HHMM-HHMM)	1630-1700

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 68 cells, and it placed no trades.

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	68
Cells that placed a trade	0
Finished above zero	0

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

No cell took a trade, so there is no return to read. The rule above is the whole note.

What this does not show

The useful question is whether the same hours work on other coins. Crypto has no closing bell, so the hour is a choice.

There is no cell to single out, and this note does not invent one. Other years, another exchange, or another fee would be a different measurement.

Questions about Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power!

Words used on this page

Backtest

The rule was tried on old prices. No real money moved.

Cell

One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.

Chart speed

How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.

Fee, per side

A cost taken each time the rule trades. Per side means once on the way in and once on the way out.

Median

Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.

Drawdown

The deepest fall from a high point along the way, as a percent of the account at that high.

Above zero

The account finished with more than it started.

"Gold Magnet Reversal: Hunt Profitable Trades on XAUUSD with Daily Candle Power!" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.