Gold Strategy Combining Session Filters, Trend Alignment, and ATR Risk Controls

Summary

This open-source strategy combines London and New York trading-hour filters with a higher-timeframe trend check and a local trend filter. It takes long positions when price and moving averages indicate an uptrend, RSI is above its bullish threshold, and at least one of a liquidity sweep, fair value gap, or order-block condition appears; short entries use the corresponding bearish conditions. The script also plots the local moving averages.

Risk controls include ATR-based stop and target levels, a move-to-breakeven condition, a trailing stop, a daily equity-loss limit, and a cap on daily trade entries. The document provides code and the author’s favorable but unquantified claim of accuracy; it gives no backtest report or performance statistics. The rules rely on particular definitions of market structure and session hours, and the code alone does not establish robustness, execution quality, or live profitability.

Key ideas

• Entries require agreement between session timing, higher-timeframe bias, local trend, momentum, and at least one price-structure condition.
• The higher-timeframe bias uses a 15-minute close and two exponential moving averages.
• Stops and profit targets are sized from average true range, with breakeven and trailing exit conditions.
• The script includes daily loss and trade-count controls.
• The document supplies no quantitative backtest evidence to substantiate its accuracy claim.

Tags

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