Gold Reversal Entries from Ten-Bar Liquidity Sweeps and EMA Trend Filters
Summary
This gold strategy combines a 200-period exponential moving average with recent swing levels to generate long and short signals. A long signal occurs when the low moves below the prior ten-bar lowest low, then the close recovers above that level and remains above the EMA. A short signal mirrors the pattern at the prior ten-bar highest high, with the close returning below that level and the EMA. The strategy enters in the indicated direction when flat or holding the opposite side. Exits use ATR-based stop and target levels: the stop is 1.5 ATR from the average entry price, while the target is three times that distance.
The code plots the EMA and entry markers, but the accompanying description advertises additional concepts such as fair value gaps and market structure that do not appear in the provided implementation. The document gives no test period, instrument data, or performance results, so its claims about suitability for gold and particular timeframes are not substantiated here. The ATR exits and reversal conditions warrant evaluation across market regimes and trading costs.
Key ideas
- Long setups sweep below a prior ten-bar low and close back above it and the 200-period EMA.
- Short setups sweep above a prior ten-bar high and close back below it and the EMA.
- Stops use an ATR multiple, with profit targets set at three times the stop distance.
- The supplied code does not implement all the extra concepts listed in its description.
- No backtest results or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.