Gold Scalper — Strategy by cruzer151
By cruzer151
Performance Metrics
- Author: cruzer151
- Symbol: COMEX_MINI:MGC1!
- Timeframe: 3 minutes
- Win Rate: 61.8%
- Profit Factor: 1.858
Description
Gold ScalperA trend-following scalper built for gold, with a Confirmation Timeframe system that lets you lock in a higher-timeframe edge while still executing with lower-timeframe precision — plus a full risk management, safety, and visual toolkit for both manual and automated trading.Core ConceptTwo EMAs establish the trend bias. From there, you choose how entries trigger:RSI Pullback — fades a shallow RSI dip/pop back in the trend's direction. Frequent, small-target trades.Momentum Breakout — enters on an actual break of a recent price range in the trend direction, aiming to capture a bigger real move per trade rather than a small fade.Confirmation Timeframe (key feature)Rather than computing signals directly on a fast chart timeframe (where noise can overwhelm the logic), this strategy can run its trend bias, entry trigger, and stop distance entirely on a higher timeframe's last fully closed candle — fully non-repainting. The order itself still executes on whatever chart you're watching. This means you can validate a strategy on, say, 1-hour candles, then trade it with 1-minute or 5-minute entry precision without changing the underlying logic that was actually tested. Leave it blank to run everything on the chart's own timeframe instead.Session FilterGold tends to chop during the Asian session and move more during London/New York hours. An optional session window (default covers London open through the NY afternoon) cuts a meaningful amount of low-quality signals — adjust it to match your own feed's timezone.Risk ManagementATR-scaled stop distance (adapts to current volatility rather than a fixed price distance)Breakeven stop-move once a trade reaches 1RConfigurable Risk:Reward targetPosition sizing: fixed contracts, or risk a fixed % of account equity per trade (auto-scales to stop distance and instrument point value)Safety Circuit BreakersAuto-pause after N consecutive lossesAuto-pause after a max daily loss %Both show an on-chart "⏸ PAUSED" status with the specific reasonVisualsBold, high-contrast ▲ LONG / ▼ SHORT entry arrows✓ WIN / ✗ LOSS labels the instant a trade closes, showing the actual dollar resultFixed-size trade box (doesn't grow/shrink live) showing risk zone, profit zone, entry line, and a full TP1/TP2/TP3 reference ladder — TP1/TP2 are visual checkpoints at 1/3 and 2/3 of the distance to target; TP3 is the actual executing targetAutomationEntries/exits carry structured JSON alert messages (action, quantity, price) ready for webhook-based automation.⚠️ DisclaimerThis is a technical trading tool, not financial advice. Backtest performance does not guarantee future results. Scalping-speed timeframes (1-5 minute) are especially sensitive to real-world transaction costs (commission and slippage) — what backtests well on a longer timeframe does not automatically transfer to faster execution, and this strategy's own development process found meaningfully different results across timeframes even with identical logic. Always forward-test and validate on out-of-sample data, with realistic costs for your specific broker, before risking real capital.