Gold EMA Crossover Signals with ADX, Session, and Bracket Exits

Summary

This Pine Script strategy trades gold using crossovers of 9-period and 21-period exponential moving averages, taking signals only when the ADX value exceeds 15 and the chart time falls within the specified weekday session. It places long and short entries on the corresponding bullish and bearish crosses. Exits combine fixed price targets and stops with trailing stop settings, and alert messages are formatted for an external connector that can route orders to MetaTrader 5.

The document gives implementation details, including the symbol, a stated order volume of 0.1 lots in alert messages, and target, stop, and trailing parameters. It claims a profit factor above 2 in the description and a 60% win rate in a comment, but shows no supporting report, test period, or execution analysis. A commenter notes that slippage depends on the broker. The script's title calls the approach high-frequency, though its moving-average crossover logic alone does not establish trading frequency or live performance; connector behavior and fills are additional dependencies.

Key ideas

• The strategy enters on 9/21 EMA crossovers when ADX is above 15 and the session filter is active.
• It uses fixed stop and target prices together with trailing exits for both directions.
• Alert messages are intended to send orders through an external connector to MetaTrader 5.
• The page states a profit factor above 2 and a 60% win rate, but supplies no supporting test details.
• Broker-dependent slippage and automated execution can affect realized results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.