XAUUSD - NY ORB Advanced — Strategy by DanTheMan278
By DanTheMan278
Performance Metrics
- Author: DanTheMan278
- Symbol: PEPPERSTONE:XAUUSD
- Timeframe: 15 minutes
- Net P&L: +7,735.24 USD (+7.73%)
- Win Rate: 45.5%
- Profit Factor: 2.16
- Max Drawdown: 3,125.12 USD (2.92%)
- Total Trades: 55
Description
**Strategy Overview — XAUUSD NY Open Range Retest**This strategy trades gold during the **New York open (09:30–09:45 EST)** using a structured breakout-and-retest model aligned with higher timeframe direction.**Core Logic**1. **Direction Filter (1H Bias)** * Trade only in the direction of the 1H 50 EMA. * Above EMA → longs only. * Below EMA → shorts only.2. **Open Range Formation** * Define the high and low between 09:30–09:45. * No trades during range formation.3. **Breakout Confirmation** * Strong 5M candle closes outside the range. * Candle body ≥ 70% of its range. * Candle size ≥ 1.2× ATR. * OR range must not be excessively wide.4. **Retest Entry** * Wait for price to pull back to the breakout level. * Enter only if price rejects and closes back in breakout direction.5. **Risk Management** * Stop placed at most recent swing structure (pivot). * 50% closed at 1R. * Remaining 50% targets configurable RR (e.g., 2.5R). * Maximum one trade per day.**Edge Concept**The strategy captures institutional liquidity expansion at the NY open while:* Aligning with higher timeframe trend* Avoiding false breakouts* Improving reward-to-risk via retest entries* Locking in partial profits earlyIt is a structured, volatility-driven continuation model designed for medium trade frequency and asymmetric payoff.