London SR Cleaner WR (TP 0.20) BY MANOLAS — Strategy by Petergolfr
By Petergolfr
Performance Metrics
- Author: Petergolfr
- Symbol: OANDA:XAUUSD
- Timeframe: 15 minutes
- Net P&L: +12.36 USD (+0.12%)
- Win Rate: 58.3%
- Profit Factor: 1.165
- Max Drawdown: 29.93 USD (0.30%)
- Total Trades: 24
Description
Support & Resistance Break & Close – London Session Scalp StrategyThis strategy is based on identifying key Support and Resistance levels derived from the previous London session high and low. The approach focuses on high-probability breakout and retest scenarios using price action confirmation.The system waits for a confirmed breakout (candle close) above resistance or below support. No trades are taken on the first touch of the level. After the breakout, the strategy requires a retest of the level followed by a strong rejection candle (wick rejection) before entering the market.Trades are executed only after confirmation to avoid false breakouts and liquidity sweeps. The strategy is designed primarily for short-term intraday scalping, targeting small, consistent gains (approximately 0.20% per trade).Risk management is applied by placing stop loss beyond the rejection candle structure, while limiting trades to a maximum of two per day to maintain discipline and avoid overtrading.The strategy performs best during the London session due to higher liquidity and cleaner price action, particularly on instruments such as XAUUSD.