Gold Swing Entries with EMA, VWAP, and RSI Filters

Summary

This gold swing strategy seeks pullbacks in the direction of a filtered trend. Long setups require price above VWAP, a rising fast EMA above the slow EMA, a bullish reclaim of the fast EMA, and RSI above a threshold. Short setups apply the inverse conditions: price below VWAP, a falling fast EMA below the slow EMA, a bearish reclaim, and RSI below its threshold. Entries are restricted to a configurable session and separated by a cooldown; either side can be disabled.

Each trade receives fixed pip-distance stop-loss and take-profit orders, with the target distance set to twice the stop distance in the named configuration. The script uses close-based order processing and a fixed position quantity in its stated setup. The excerpt shows signal logic and risk controls but no strategy report or measured returns, so it gives no evidence of profitability. Pip size and session settings depend on the traded instrument and chart conventions, and the excerpt cuts off before the complete script ending.

Key ideas

• Trend direction is filtered with VWAP location and the alignment and slope of two EMAs.
• Entries require a reclaim of the fast EMA accompanied by a directional RSI threshold.
• A session filter and cooldown limit when and how frequently new signals may occur.
• Stop and target orders use fixed pip distances, with the named setup specifying a two-to-one target-to-stop distance.
• The supplied excerpt contains no performance results and requires instrument-appropriate pip settings.

Tags

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