Gold Strategy Combining Multi-Timeframe Trend, Price Patterns, and ATR Risk

Summary

This script combines a higher-timeframe trend filter with local moving average alignment, momentum, and price-action conditions. Long entries require bullish higher- and lower-timeframe trends, a qualifying liquidity sweep, fair value gap, or order-block pattern, and strong RSI. Short entries apply the corresponding bearish conditions. Entries are limited to specified London and New York hours in the script.

Trade management uses ATR-based stops and profit targets, a break-even exit after a favorable move, and a trailing stop. The code also begins a daily loss limit section, but the supplied text ends before its logic is shown. Although the title refers to gold, the excerpt does not include backtest settings or performance results, so it does not establish that the rules work on gold or any other market. Pattern definitions are simplified, and time zones, higher-timeframe data handling, overlapping exits, and execution assumptions would need review before interpreting results.

Key ideas

• Entries require agreement between higher-timeframe and local trend filters.
• RSI momentum must support a direction alongside at least one defined price-action condition.
• The script restricts entries to selected London and New York hours.
• ATR sets the initial stop, target, break-even threshold, and trailing distance.
• The excerpt ends during the daily loss limit section and contains no reported backtest results.

Tags

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