44 lines
1.3 KiB
Markdown
44 lines
1.3 KiB
Markdown
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# Gold News-Filter Strategy (with SmartATR MT5)
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**Instrument:** XAUUSD (Gold)
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**Timeframe:** 30 minutes (also suitable for H1 or M15)
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**Indicator:** SmartATR MT5 (default settings recommended)
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---
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## Strategy Description
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This strategy uses SmartATR MT5 to help you avoid risky trades during major news events and take advantage of high-probability moves in Gold (XAUUSD) when the market is not affected by news-related volatility.
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---
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### Entry Rules
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- **Primary Trade Setup:**
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Open a position (long or short) based on your usual technical entry (e.g., breakout, moving average cross).
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- **News Filter:**
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**Do not open new trades on bars highlighted as news events** (orange/red bars in SmartATR).
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- **Volatility Confirmation:**
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Prefer setups when SmartATR is increasing but not at an extreme spike (avoid entries if SmartATR > 2x its mean).
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---
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### Stop Loss & Risk Management
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- **Initial Stop Loss:**
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Place stop loss at 1.8 x SmartATR away from entry price (adjust for Gold’s typical volatility).
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- **Break-even Option:**
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After price moves in your favor by 2 x SmartATR, consider moving stop to break-even.
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---
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### Take Profit
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- Set take profit at least 2x your stop loss distance (R:R 1:2 minimum).
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- Alternatively, use a trailing stop based on the current SmartATR value.
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---
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### Example Pseudocode
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