38 lines
1.9 KiB
Text
38 lines
1.9 KiB
Text
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Build a **bullish scalping strategy** for **XAUUSD** using **1-minute to 15-minute timeframes**.
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🔹 **Trend Filter**
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- Only take long trades when **EMA 50 is above EMA 200** on the **15-minute timeframe** (higher timeframe filter).
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- Only consider entries on the **current timeframe** (1m, 5m, or 15m — whichever is selected).
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🔹 **Entry Conditions (Long Only)**
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- Wait for a **pullback** in price toward the **EMA 50** on the current chart.
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- Require **RSI (14)** to cross **upward above 30**, indicating oversold conditions resolving.
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- Confirm entry with a **bullish candlestick pattern**, such as a **bullish engulfing** or **hammer**, within 2 candles of the pullback.
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🔹 **Stop Loss**
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- Place stop loss **just below the most recent swing low**, using a 10-bar lookback.
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- If the swing low is too close (e.g., <10 pips), set a fallback stop loss at **0.2% below entry**.
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🔹 **Take Profit**
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- Set a take profit at **2× the risk** (i.e. 2R target).
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- Include a **trailing stop**:
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- Once price moves 1R in profit, move stop to breakeven.
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- After that, trail the stop by 0.5R behind recent higher lows.
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🔹 **Risk Management**
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- Risk **1% of account equity per trade**.
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- Only one active trade at a time.
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- Avoid trades when **spread > 3 pips** or **ATR(14) is too low** (indicating low volatility).
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- Maximum 3 trades per session (optional constraint).
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🔹 **Backtest & Output**
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- Run backtest on 15m and 5m timeframes separately and show:
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- Total trades
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- Win rate
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- Average risk-reward ratio
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- Max drawdown
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- Profit factor
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- Equity curve
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Also, output the **code or pseudocode** used to generate the strategy, and allow for parameter adjustment (e.g. EMA lengths, RSI threshold, trailing stop parameters).
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