XAUUSD Elliott Trend Follower — Strategy by hwarang11
By hwarang11
Performance Metrics
- Author: hwarang11
- Symbol: OANDA:XAUUSD
- Timeframe: 15 minutes
- Net P&L: +219.97 USD (+22.00%)
- Win Rate: 26.3%
- Profit Factor: 1.069
- Max Drawdown: 389.70 USD (35.84%)
- Total Trades: 1,092
Description
OverviewThis strategy is designed for Gold (XAUUSD) on the 15-minute timeframe, focusing on capturing the "Third Wave" of Elliott Wave theory through high-probability breakout patterns. It combines trend-filtering with strict risk management to ensure a positive expectancy even in volatile market conditions.Key FeaturesTrend Filtering: Uses a 100-period EMA to ensure trades are only taken in the direction of the primary trend.Donchian Channel Breakouts: Entry signals are triggered by multi-candle high/low breakouts, filtering out minor price fluctuations.Customizable Trading Sessions: Fully adjustable session inputs allow users to focus on high-liquidity periods (e.g., London/New York overlap).Built-in Risk Management: * Automated Stop-Loss & Take-Profit: Pre-set ratios to maintain a healthy Profit Factor.Break-even Logic: Automatically moves the stop-loss to the entry price once a certain profit threshold is met to protect capital.Time-based Exit: Prevents "dead capital" by closing stagnant positions after a specific number of bars.Best Used OnSymbol: XAUUSD (Gold)Timeframe: 15-Minute (Recommended)Settings: Default parameters are optimized for Gold, but SL/TP can be adjusted via the "Inputs" tab to match your risk appetite.DisclaimerPast performance does not guarantee future results. This strategy is an automated tool to assist in decision-making and should be used as part of a comprehensive trading plan. Always test in a paper trading environment before going live.