Gold Swing Strategy with EMA, VWAP, RSI, and Fixed Exits

Summary

This gold swing strategy combines a trend filter with a pullback entry. It identifies bullish conditions when price is above VWAP, the fast EMA is above and rising relative to the slower EMA, and a candle reclaims the fast EMA; bearish conditions reverse those conditions. RSI thresholds confirm direction, while optional session hours and a cooldown limit when new signals can occur.

Trades use a fixed position size and set stop-loss and take-profit levels from configurable pip distances. The script also plots the indicators and signal markers and offers alerts. Its code specifies one take-profit level per trade, while accompanying descriptive text mentions multiple targets, so the implementation and description do not fully agree. No detailed backtest metrics or data are provided; the stated strategy settings alone do not establish profitability, and pip-size assumptions may vary by gold instrument.

Key ideas

• Trend direction requires price relative to VWAP, EMA alignment, and fast EMA slope.
• A pullback reclaim of the fast EMA, confirmed by RSI, triggers an entry.
• Session filtering and a bar-based cooldown can restrict entry frequency.
• The script sets a fixed stop and target from configurable pip distances.
• The accompanying claims of multiple take-profit levels are not reflected in the supplied code.

Tags

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