FestX GFXS

Gold FX Scalper - Advanced Trading Indicator

Description:
The Gold FX Scalper is a sophisticated trading indicator specifically optimized for gold (XAU/USD) trading. It employs a dual ATR-based trailing stop system combined with EMA crossovers to generate high-probability entry signals during optimal market hours.

Key Features:

Dual UT Bot System: Utilizes two independent ATR-based trailing stop mechanisms that must align to confirm trade signals, reducing false entries.

Smart Time Filtering: Automatically restricts trading to historically optimal windows (3-5 AM and 9 AM-12 PM) when gold market volatility typically aligns with favorable trading conditions.

Advanced Risk Management:

Configurable take-profit levels (TP1-TP4)

Automatic stop-loss placement

Signal control requires previous trade completion before new signals

Candle range filtering to avoid volatile periods

Performance Analytics: Built-in performance table showing win rates, pips gained/lost, and trade statistics for each timeframe.

Multi-language Support: Signal labels available in English, Afrikaans, and Zulu.

Visual Enhancements:

Colored candle visualization based on trend direction

Entry zone shading with clear SL/TP lines

Session time overlays for major trading sessions

Trading Parameters:

Primary Pair: XAU/USD (optimized for Gold charts)

Recommended Timeframes: 5M, 15M, 30M, 1H

Trading Sessions: New York/London overlap focus

Risk/Reward: Configurable 1:1.5 to 1:3 ratios

Usage Notes:

Works best on Gold charts with TradeNation data feed

Adjust timeframe based on performance statistics table

Use in conjunction with proper risk management

Test on demo account before live trading

Disclaimer:
This tool is for educational and informational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and trade responsibly. The developer is not responsible for any trading losses incurred.