New York Session EMA-Crossover Scalping for Gold

Summary

This short-only strategy is described for XAUUSD on a 15-second chart. It enters when a fast EMA crosses below a slower EMA, provided the signal occurs during a configurable New York time window, the strategy is flat, and enough bars have elapsed since the previous entry. Pivot highs and lows are tracked and drawn as resistance and support references, but the entry condition does not explicitly require proximity to those levels.

Stops are placed above the signal bar’s high by an ATR-based amount. The profit target is also volatility-scaled and adjusted to ensure it is at least as far from the entry close as the stop distance. The chart displays recent pivot levels, projected stop and target lines, and the session window. The source gives example settings and rules, not measured results. A very short chart interval can be sensitive to spread, execution quality, and costs; the listed commission assumption is zero, which may make simulated performance less representative.

Key ideas

• The strategy opens short positions on a fast EMA crossing below a slower EMA during the allowed session.
• A cooldown and flat-position requirement limit closely spaced or overlapping entries.
• The stop uses ATR above the signal bar’s high, while the target is adjusted to preserve at least a one-to-one distance ratio.
• Pivot support and resistance are displayed as chart context, but are not part of the coded entry test.
• The document provides no backtest evidence and assumes zero commission.

Tags

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