Gold Asia Trap Strategy

Gold Asia Trap Strategy

Gold Asia Trap Strategy is a trading strategy based on price behavior during the Asian session. It observes the price movement between 7:00 and 8:00 AM Bangkok time to determine market direction and sets reference levels for breakout trades from 8:00AM to 8:15 AM.

‼️Warning: This strategy based on price trap at Asia Session, so it:

• Works only for Gold - Forex (XAUUSD).
  
• Works only on the 15-minute chart (M15).
  

How to use:



How it works
Required timeframe: ‼️Works only on the 15-minute chart (M15).
Trap zone (7:00 – 8:00 Bangkok time, GMT+7):

• Identifies high/low range during this session.
  
• Determines the H1 candle direction (by comparing open/close).
  

At 8:15 AM: coloring M15 candle from 8:00 AM to 8:15 AM to orange

• Buy if the H1 candle from 7:00 AM to 8:00 AM is bearish, but the M15 candle from 8:00 AM to 8:15 AM fails to break below the low of that H1 candle.
  
• Sell if the H1 candle from 7:00 AM to 8:00 AM is bullish, but the M15 candle from 8:00 AM to 8:15 AM fails to break above the high of that H1 candle.
  

And, if M15 candle from 8:00 AM to 8:15 AM is failed-breakout candle, it's marked by red-dot at high/low price.

Order management:

• Stop-loss: At the highest or lowest price from 7:00 AM to 8:15 AM + Spread based on your broker.
  
• Take-profit: 2R (recommended)
  

Strategy Settings Used in Backtest

1. Order Size Type: Fixed size
   
2. Order Size: 1 unit
   
3. Commission: 0 (can be adjusted in strategy settings)
   
4. Slippage: 0 (default, user can modify as needed)
   
5. Pyramiding: Off
   
6. Initial Capital: $10,000
   
7. Currency: USD
   
8. Timeframe: M15 only
   

You can adjust these settings in the Strategy Properties panel to suit your broker conditions or test assumptions.

Footnotes
Please test in demo or backtest environments before using in a live account.
The script does not reuse or replicate any third-party open-source code. It is an original build and logic.