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Gold Short-Only Strategy with Daily Trade Caps and Cooldowns

Article TradingView scripts

Summary

This document presents a configurable, short-focused gold strategy with operational controls for trade alerts, partial exits, break-even adjustments, trailing stops, session timing, and a date-limited backtest. Inputs also include a daily trade cap, a cooldown, optional weekend avoidance, and a disabled long-side toggle. The alert system can send entry and exit details through a direct messaging format or a webhook-style router, while the chart dashboard exposes strategy state and selected settings.

The available text is heavily truncated: it shows configuration and alert-building code, plus a fragment of the dashboard, but omits the main signal-generation and much of the exit logic. It therefore does not establish how the strategy identifies setups or whether the named controls are correctly applied. No backtest statistics or other evidence of performance are included. The visible material is primarily implementation and trade-management plumbing; any assessment of the trading method, alert reliability, or risk requires the missing logic and independent verification.

Key ideas

  • The strategy is presented as short-focused, with long entries disabled by default.
  • Trade management inputs include partial profit taking, break-even moves, trailing exits, and optional hard targets.
  • Daily trade limits, cooldowns, session hours, weekend controls, and a date range constrain activity.
  • Alerts can format trade events for direct messaging or a webhook router.
  • The excerpt omits the central signal rules and reports no backtest evidence.

Tags

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