Gold Futures Swing Strategy

What Makes This Strategy Unique?

🔹 Triple-Layer Confirmation for High-Quality Trades
Unlike basic engulfing strategies, this system requires three key confirmations before entering a trade:
1️⃣ A strong Engulfing Candlestick Pattern, signaling a potential reversal.
2️⃣ A SMMA Trend Filter, ensuring trades align with broader market momentum.
3️⃣ A RSI Overbought/Oversold Condition, preventing entries in weak setups.

🔹 Adaptive Risk Management
Unlike fixed stop-loss strategies, this script integrates an ATR-based trailing stop, adjusting dynamically to market volatility.
A Daily Loss Limit mechanism helps protect capital by preventing excessive drawdowns.

🔹 Smart Trade Execution & Cooldown System
The Cooldown Mechanism ensures that trades are spaced out to avoid overtrading and market noise.
Trades are only executed during optimal trading hours (1 AM - 10 PM UTC), reducing exposure to low-liquidity periods.
A 4:55 PM EST Auto-Close prevents overnight risk and unexpected price gaps.(prop firm compatibel)

🔹 Optimized for Gold Futures Swing Trading
Gold is a volatile asset, and this strategy is specifically tuned to capture high-probability swing trades while managing risk effectively.

🔹 Max 2 Trades Per Day – Ideal for Automation
To prevent excessive trading, this strategy is limited to a maximum of 2 trades per day, making it:
✅ Easy to monitor – Perfect for traders who don’t want to micromanage positions.
✅ Optimized for automation – Works seamlessly with bots or alerts and automation platforms.
✅ Cost-efficient – Reduces slippage and commission costs, improving overall profitability.

This system is not just another engulfing strategy—it’s an advanced, rule-based approach designed to filter out false signals, adapt to market conditions, and maximize trade efficiency.