Quantex Research https://quantex.com.sg/research/ Research notes from Quantex Research, the research department of AlgoTrade Pte. Ltd. (Singapore). en Fri, 23 Oct 2026 00:00:00 +0000 How deep can a gold grid basket go? Eight years of baskets, and the live record https://quantex.com.sg/research/altair-basket-depth/ https://quantex.com.sg/research/altair-basket-depth/ Fri, 23 Oct 2026 00:00:00 +0000 Quantex Research live study: how many orders, how far against and how long a gold grid basket can run, from a replay of 2018–2026 and a live check against the running account. Follow from size: how often does a gold grid basket close soon after it grows? https://quantex.com.sg/research/altair-follow-from-size/ https://quantex.com.sg/research/altair-follow-from-size/ Fri, 23 Oct 2026 00:00:00 +0000 Quantex Research live study: once a gold grid basket has an order of x lots, how often does it close within ten more orders? Backtest 2018–2026 and pre-set live tests. Calm before the run? The market when a gold grid basket starts https://quantex.com.sg/research/altair-start-state/ https://quantex.com.sg/research/altair-start-state/ Fri, 23 Oct 2026 00:00:00 +0000 Quantex Research live study: does the market at the moment a gold grid basket opens tell us whether it will grow large? Backtest 2018–2026 and pre-set live tests. Turn back or run on? A live study of gold grid baskets https://quantex.com.sg/research/altair-basket-watch/ https://quantex.com.sg/research/altair-basket-watch/ Wed, 21 Oct 2026 00:00:00 +0000 Quantex Research live study: when a gold grid basket reaches x lots, does it turn back or run on? Backtest results, pre-set tests and a live report that updates every 5 minutes. Do round numbers matter for gold? 20 years of XAUUSD at US$100 and US$50 levels https://quantex.com.sg/research/2026-10-18-gold-round-numbers/ https://quantex.com.sg/research/2026-10-18-gold-round-numbers/ Sun, 18 Oct 2026 00:00:00 +0000 Do round numbers matter for gold? We tested every US$100 and US$50 level XAUUSD touched from 2005 to 2024 against 80 shifted levels. Round levels did not hold better: on first touches gold closed back on its side 45.0% of the time, against 49.2% for other levels. Gold up or down days in a row: 20 years of XAUUSD streaks https://quantex.com.sg/research/2026-10-18-gold-up-down-streaks/ https://quantex.com.sg/research/2026-10-18-gold-up-down-streaks/ Sun, 18 Oct 2026 00:00:00 +0000 How many days in a row can gold rise or fall? XAUUSD 2005 to 2024: the longest up streak was 11 days and the longest down streak 9 days. Gold had 42 down streaks of 5 days or more, fewer than the 62.7 a coin flip would give. XAUUSD largest daily moves: 20 years of gold data https://quantex.com.sg/research/2026-10-18-xauusd-largest-daily-moves/ https://quantex.com.sg/research/2026-10-18-xauusd-largest-daily-moves/ Sun, 18 Oct 2026 00:00:00 +0000 Gold's (XAUUSD) 20 largest daily moves from 2005 to 2024, how often a day moves 2%, 3% or 5%, and the typical daily range: median 1.28% of price, US$16.65. XAUUSD average daily range: 20 years of gold data by year and month https://quantex.com.sg/research/2026-10-18-xauusd-average-daily-range/ https://quantex.com.sg/research/2026-10-18-xauusd-average-daily-range/ Sun, 18 Oct 2026 00:00:00 +0000 Gold (XAUUSD) average daily range from 2005 to 2024: mean 1.520% of price (US$19.78), by year and by month, how often a day spans 2% or 3%, and how often a day is twice its 14-day average range. Gold weekend gaps: how often, how big https://quantex.com.sg/research/2026-10-18-gold-weekend-gaps/ https://quantex.com.sg/research/2026-10-18-gold-weekend-gaps/ Sun, 18 Oct 2026 00:00:00 +0000 How big is the gold (XAUUSD) gap from Friday close to Monday open? 499 weekends from 2015 to 2024: median 0.07%, 5% of weekends 0.5% or more, largest 1.67%. Gold seasonality by month: 20 years of XAUUSD returns https://quantex.com.sg/research/2026-10-18-gold-seasonality-by-month/ https://quantex.com.sg/research/2026-10-18-gold-seasonality-by-month/ Sun, 18 Oct 2026 00:00:00 +0000 Best month for gold? XAUUSD month returns 2005 to 2024: mean, median and % of up years for each calendar month. January led with a mean of +3.22%, up in 13 of 20 years, but no month passes a simple sign test. XAUUSD average range by hour and session (Asia, London, New York) https://quantex.com.sg/research/2026-10-18-gold-range-by-hour/ https://quantex.com.sg/research/2026-10-18-gold-range-by-hour/ Sun, 18 Oct 2026 00:00:00 +0000 Average XAUUSD high-low range for every hour of the day in UTC, for the Asia, London and New York sessions, by year and by weekday: 121,823 hourly gold bars, 11 Jun 2004 to 30 Sep 2025. Best day of the week for gold: 20 years of XAUUSD weekday returns https://quantex.com.sg/research/2026-10-18-gold-day-of-week-returns/ https://quantex.com.sg/research/2026-10-18-gold-day-of-week-returns/ Sun, 18 Oct 2026 00:00:00 +0000 Best day of the week for gold? XAUUSD daily returns 2005 to 2024 by weekday: mean, median, % of up days and a sign test. Friday led with +0.127% a day, up on 56.3% of Fridays; Monday was lowest at −0.031%. Gold crash scenarios for EA stress tests: 20 years of data https://quantex.com.sg/research/2026-10-18-gold-crash-scenarios/ https://quantex.com.sg/research/2026-10-18-gold-crash-scenarios/ Sun, 18 Oct 2026 00:00:00 +0000 Gold (XAUUSD) crash scenarios to replay in an EA stress test: worst 1 to 20-day falls and rises 2005-2024, worst intraday moves against a position, and what each does to an account. LLM trading agents vs buy-and-hold: what the 2025-26 benchmarks show https://quantex.com.sg/research/2026-10-17-llm-agents-vs-buy-and-hold/ https://quantex.com.sg/research/2026-10-17-llm-agents-vs-buy-and-hold/ Sat, 17 Oct 2026 00:00:00 +0000 Four 2025-26 benchmarks let LLM agents trade stocks and crypto and compared them with buy-and-hold or an index. What they found, and why none trades gold live. Gold's largest one-day moves: dates, sizes and sources https://quantex.com.sg/research/2026-10-17-gold-extreme-moves/ https://quantex.com.sg/research/2026-10-17-gold-extreme-moves/ Sat, 17 Oct 2026 00:00:00 +0000 Gold's largest reported one-day moves from 1980 to 2026, with date, size, price basis and two public sources each, plus what such a day does to a grid EA. What the 30 January 2026 gold drop did to EAs https://quantex.com.sg/research/2026-10-17-gold-30-jan-2026-crash/ https://quantex.com.sg/research/2026-10-17-gold-30-jan-2026-crash/ Sat, 17 Oct 2026 00:00:00 +0000 What the record one-day gold drop on 30 Jan 2026 meant for grid, martingale, stop-loss and trend EAs, from public sources, with a test checklist. How to stress-test a gold EA for crash scenarios https://quantex.com.sg/research/2026-10-17-ea-stress-test-gold/ https://quantex.com.sg/research/2026-10-17-ea-stress-test-gold/ Sat, 17 Oct 2026 00:00:00 +0000 A method for stress-testing a gold (XAUUSD) EA: worst days, gaps, spread spikes, execution delay, rule sensitivity and calm years. With a checklist. Why an EA backtest is profitable but the live account loses https://quantex.com.sg/research/2026-10-17-backtest-vs-live/ https://quantex.com.sg/research/2026-10-17-backtest-vs-live/ Sat, 17 Oct 2026 00:00:00 +0000 Why an EA can look profitable in a backtest and lose live: costs, tick data, overfitting, regime change, latency and data differences. With a checklist. Case study 01: Seven months of history was not enough https://quantex.com.sg/research/2026-10-12-history-vs-live/ https://quantex.com.sg/research/2026-10-12-history-vs-live/ Mon, 12 Oct 2026 00:00:00 +0000 Quantex Research case study: re-testing a systematic gold model on 4.4 years of data showed that a 7-month sample overstated the result.