Gold Session VWAP Pullbacks with ATR or Fixed Exits

Summary

This script outlines an intraday gold strategy that trades only during a configured Asia session and uses session VWAP as its trend reference. A long setup requires price above VWAP, a low entering a narrow band around it, and optionally a close back above VWAP. The short setup mirrors these conditions below VWAP. An optional EMA filter can add another trend check, and a daily trade limit can be enabled.

Exits are configured using either ATR-based stop and target distances or fixed dollar distances, with an optional time exit at session end. The available document ends partway through the exit logic and provides no backtest settings, results, or evidence that the approach is profitable. The script's VWAP anchoring and session boundaries should be checked against the intended chart timeframe and timezone, and its parameters require testing on appropriate gold data before use.

Key ideas

• The strategy restricts entries to a configurable session and uses VWAP as its directional reference.
• Long and short setups seek a pullback into a VWAP band followed by an optional close back in trend direction.
• An EMA filter and a one-trade-per-day limit are optional controls.
• Stops and targets can be based on ATR or fixed dollar distances, with an optional session-end exit.
• The excerpt provides no backtest results and is incomplete near its exit logic.

Tags

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