Gold Smart Scalper V3 - Clean Chart — Strategy by techtrader_ravi
By techtrader_ravi
Performance Metrics
- Author: techtrader_ravi
- Symbol: OANDA:XAUUSD
- Timeframe: 1 minute
- Net P&L: +45.86 USD (+0.92%)
- Win Rate: 38.7%
- Profit Factor: 1.091
- Max Drawdown: 60.87 USD (1.20%)
- Total Trades: 380
Description
OverviewThe Gold Smart Scalper V3 is a trend-following momentum strategy specifically optimized for XAU/USD (Gold). It focuses on catching "value pullbacks" within a strong trend, avoiding the noise of sideways markets. Unlike many scalpers that use lagging indicators for exits, this version uses fixed ATR-based targets to lock in profits during high-volatility moves common in Gold.Core MethodologyThe strategy operates on three layers of confirmation:Macro Trend (HTF Filter): Uses a 50-period EMA to ensure trades are only taken in the direction of the higher-timeframe momentum.The Value Zone: Instead of "chasing" green or red candles, the script waits for a pullback to the space between the 9 EMA and 21 EMA. This ensures a better risk-to-reward entry point.The Trigger: A trade is only executed when price confirms the resumption of the trend by crossing back over the signal EMA after the pullback.Key FeaturesFixed Profit Targets: Replaced dynamic trailing stops with fixed Take Profit (TP) and Stop Loss (SL) levels based on ATR, ensuring exits aren't "hunted" by Gold's signature volatility spikes.Clean Chart Interface: All moving average plots are hidden. The only visuals provided are the active TP/SL levels when a trade is live, keeping your workspace clutter-free.Single-Trade Logic: The script includes a "One Trade Per Cross" gate, preventing the strategy from over-trading or "stacking" positions during choppy price action.Settings & OptimizationATR Multipliers:Stop Loss (SL): Default $2.0 \times ATR$. Protects against standard market noise.Take Profit (TP): Default $3.0 \times ATR$. Designed for a high Risk/Reward profile.Timeframe Recommendation: Optimized for 15m and 1H for swing scalping, or 5m for aggressive scalping.Instrument: Specifically tuned for Gold (XAU/USD), but applicable to other high-volatility pairs like GBP/JPY or NASDAQ.DisclaimerThis script is for educational and backtesting purposes only. Past performance does not guarantee future results. Always practice proper risk management.