Gold RSI Pullback Strategy with EMA Trend and Daily Risk Guards

Summary

This XAUUSD strategy combines EMA trend direction with pullbacks, RSI triggers, and optional session and ADX filters. Long entries require price and the fast EMA to be above the 200-period EMA, price near the fast EMA, a recent RSI dip into oversold territory, an RSI cross upward, and a bullish candle. Shorts reverse those conditions. It also limits trading to the London and New York sessions when enabled.

Risk controls include ATR-based position sizing, an initial stop, a ratcheting Chandelier stop, RSI neutral exits, a time-based flattening rule, and daily loss, drawdown, and consecutive-loss halts. The script includes webhook alert formatting, but does not provide trading results, a tested market or timeframe, or evidence that its sizing and stop assumptions match a particular broker. The configurable safeguards and thresholds therefore describe intended controls rather than demonstrated risk outcomes.

Key ideas

• The strategy enters in the direction of the EMA trend after a qualifying pullback and RSI reversal.
• Optional session and ADX filters restrict entries by time and trend strength.
• Position quantity is based on equity risk and an ATR-multiple stop distance.
• A Chandelier trail, RSI neutral cross, time cutoff, and loss guards can close or halt trades.
• The document contains no backtest evidence establishing profitability or the effectiveness of its risk controls.

Tags

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