XAUUSD Elliott Trend FollowerOverview
This strategy is designed for Gold (XAUUSD) on the 15-minute timeframe, focusing on capturing the "Third Wave" of Elliott Wave theory through high-probability breakout patterns. It combines trend-filtering with strict risk management to ensure a positive expectancy even in volatile market conditions.
Key Features
Trend Filtering: Uses a 100-period EMA to ensure trades are only taken in the direction of the primary trend.
Donchian Channel Breakouts: Entry signals are triggered by multi-candle high/low breakouts, filtering out minor price fluctuations.
Customizable Trading Sessions: Fully adjustable session inputs allow users to focus on high-liquidity periods (e.g., London/New York overlap).
Built-in Risk Management: * Automated Stop-Loss & Take-Profit: Pre-set ratios to maintain a healthy Profit Factor.
Break-even Logic: Automatically moves the stop-loss to the entry price once a certain profit threshold is met to protect capital.
Time-based Exit: Prevents "dead capital" by closing stagnant positions after a specific number of bars.
Best Used On
Symbol: XAUUSD (Gold)
Timeframe: 15-Minute (Recommended)
Settings: Default parameters are optimized for Gold, but SL/TP can be adjusted via the "Inputs" tab to match your risk appetite.
Disclaimer
Past performance does not guarantee future results. This strategy is an automated tool to assist in decision-making and should be used as part of a comprehensive trading plan. Always test in a paper trading environment before going live.
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