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Short-Only XAUUSD Scalping with EMA Crossovers and ATR Risk Controls

Article Strategy library · Author: Keralatraderpro
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Summary

This short-only scalping strategy is designed for XAUUSD on a 15-second chart. It enters when a fast EMA crosses below a slower EMA, subject to a New York session filter that defaults to 7–11 a.m. Eastern Time. A cooldown limits how soon another trade can be opened. The script also calculates pivot-based support and resistance levels for chart display, although the visible description does not establish that those levels determine entries.

Stop-loss and take-profit distances are based on ATR(14), with configurable multipliers; the defaults are 0.8 ATR for the stop and 2 ATR for the target. The header states that a minimum 1:1 risk-reward ratio is enforced, but the provided excerpt ends before the relevant implementation, so that claim cannot be confirmed here. The excerpt includes no backtest results, transaction-cost analysis, or evidence of performance. It specifies zero commission in the strategy settings, which limits what can be inferred about real-world outcomes for such a short timeframe.

Key ideas

  • The strategy takes short trades when a fast EMA crosses below a slow EMA.
  • A New York session window and a bar-based cooldown filter control entry timing.
  • ATR(14) sets configurable stop-loss and take-profit distances, with defaults of 0.8 and 2 ATR.
  • Pivot highs and lows are displayed as recent resistance and support levels in the excerpt.
  • The available text provides no performance results, and the excerpt ends before the stated risk-reward enforcement can be checked.

Tags

CommoditiesTechnical indicatorsTrend followingVolatilityRisk management

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