A Confirmation-Scored Silver Strategy with Session and ATR Filters
Summary
This strategy outlines long and short entries for Silver/USD using Bollinger Bands, RSI, short and long EMAs, volume, candle patterns, and RSI divergence. Each direction first requires three gates: RSI turning within a specified zone, price on the appropriate side of the short EMA, and a recent touch of the relevant Bollinger Band. Entries then need a configurable number of bonus confirmations, drawn from a return inside the band, rejection candle, RSI divergence, above-average volume, and alignment with the longer EMA.
Trading is restricted to selected GMT sessions and capped by a daily trade limit. Exits use ATR-based stops and targets sized according to a minimum risk-reward setting; position sizing, commission, and slippage are also configured in the script. The document gives implementation rules, not strategy-report outcomes or evidence of profitability. Its settings are presented for a particular silver market and timeframe, so the logic and assumptions would need independent testing before broader use. The session, candle, and pivot definitions may also affect signal frequency and timing.
Key ideas
- Long and short entries require all three directional gates to pass before confirmation scoring is considered.
- Bonus confirmations combine band re-entry, candle patterns, RSI divergence, volume, and longer-term trend alignment.
- Session filters and a daily trade cap restrict when and how often the strategy can enter.
- ATR-based stop and target distances are governed by a configurable risk-reward multiple.
- The supplied script specifies rules and costs but provides no backtest evidence of performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.