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