Gold Long Strategy Using UT Bot, ADX, and a Higher-Timeframe EMA

Summary

This strategy is intended for a 15-minute XAUUSD chart and takes long positions when a UT Bot trailing-stop signal turns bullish, price is above a higher-timeframe EMA, and ADX exceeds a threshold. Its defaults use a one-hour 200-period EMA, a UT Bot ATR period of one with a key value of two, and an ADX threshold of 25. The author’s accompanying explanation frames the EMA as a broad trend filter and ADX as a way to avoid weaker, ranging conditions.

The script sets a percentage-based take-profit and stop-loss, plots the higher-timeframe EMA and valid entry markers, and displays current trend and ADX status. Although the title and explanation emphasize XAUUSD, the source is parameterized for the current chart symbol and only defines a long entry; it does not specify a corresponding short trade. The document offers no backtest results or execution analysis. Its settings are a proposed configuration, not proof of an advantage, and the sensitivity of the short-ATR trigger may produce noisy signals in sideways markets.

Key ideas

• A UT Bot direction change supplies the entry trigger for long trades.
• The strategy requires price to be above a one-hour 200-period EMA.
• An ADX reading above the configured floor acts as a trend-strength filter.
• Percentage-based target and stop levels are attached to qualifying entries.
• The document provides no performance evidence and describes potential signal noise in ranges.

Tags

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