Round-Number Breakouts with Fixed Stops and Reward-to-Risk Filters

Summary

This XAUUSD strategy uses a fixed lattice of round prices to define breakout triggers, stops, and targets. On a confirmed 15-minute candle, a bullish close crossing above a green level can trigger a long entry; a bearish close crossing below a red level can trigger a short entry. The trigger is calculated from the same fixed price level on the current and preceding bars, avoiding false crosses when the displayed grid recenters. A trade is allowed only while flat, and the final target must offer at least the configured minimum reward relative to stop risk, set to 1.5 by default.

The stop and final target are attached to the entry and remain fixed during the position. A first target at one risk unit is shown as a reference only; it does not cause a partial exit or move the stop. The script specifies order-processing and execution assumptions, including fills at signal close, but initializes commission and slippage at zero and tells users to configure realistic values. It supplies rules and chart displays, not historical performance evidence or proof that the thresholds generalize across instruments or market conditions.

Key ideas

• The strategy defines blue round levels and offset green and red trigger levels.
• Long and short signals require confirmed candle closes to cross their respective trigger levels.
• Stops and final targets are fixed from the entry setup, with a minimum final reward-to-risk filter.
• The one-risk-unit target is informational and does not scale out of the position.
• The zero-cost defaults can make simulated results unrealistic unless adjusted.

Tags

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