GC/MGC Range Expansion Momentum (1H) — Strategy by TylerFrancis06
By TylerFrancis06
Performance Metrics
- Author: TylerFrancis06
- Symbol: COMEX_MINI:MGC1!
- Timeframe: 1 hour
- Net P&L: +33,358.00 USD (+3.34%)
- Win Rate: 56.5%
- Profit Factor: 1.574
- Max Drawdown: 6,419.00 USD (0.64%)
- Total Trades: 361
Description
ConceptMost breakout setups fail. This strategy turns that failure into a trade.When a directional setup forms against the SMA but gets negated before triggering, the strategy marks it as failed and immediately watches for a reverse entry in the opposite direction — the direction the market actually wants to go.How It WorksSetup forms when price closes above or below the SMAStop-entry order placed just beyond the setup bar's high or lowIf price crosses back through the SMA before triggering — setup is marked failedWithin a configurable window, a reverse pivot entry fires in the opposite directionEvery trade has a hard stop (Fixed or ATR-based) plus an SMA cross exitGold SettingsSession: 8:20 AM – 1:30 PM ET (Comex open through peak liquidity)Compatible with MGC (Micro Gold) and full-size GCNo overnight holds — all positions forced flat at session endProp Firm ReadyHard stop on every trade, session-based logic, no overnight exposure. Compatible with Apex Trader Funding, Topstep, and FTMO evaluation rules.More prop firm-optimized Pine Script strategies at propfirmpinescripts.comhttps://propfirmpinescripts.com