XAUUSD Strategy - Hook Trap Guard: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Confirm buys and sells can require an M15 overbought or oversold rejection wick, a Fibonacci or EMA zone, and a no-chase distance from the fast EMA. Optional LSB and LSS scalp legs stay off by default. Stops sit beyond a swing plus an ATR buffer, and targets use separate risk-reward ratios. A dashboard and signal marks are optional. It allows two stacked entries and can restrict trades to closed bars.

Stochastic and RSI confirmation filters
Fast, slow and 200-period trend EMAs
M15 rejection wick trigger
ATR-buffered swing stop and risk-reward target
Optional LSB and LSS scalp legs

Details

Published by

aeiioaeiio on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Gold

Timeframes

M1-M5, M15-H1

Risk Notes

The strategy can add several entries in the same direction

File

XAUUSD_Strategy_V4_21B_HookTrapGuard.pine

Repository

github.com/aeiioaeiio/XAUUSD_TradingView_Pine. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Stoch Period	`int`	`5`	`stochLen`
Stoch K	`int`	`3`	`stochKLen`
Stoch D	`int`	`3`	`stochDLen`
RSI Period	`int`	`14`	`rsiLen`
EMA Fast	`int`	`20`	`emaFastLen`
EMA Slow	`int`	`50`	`emaSlowLen`
EMA Trend	`int`	`200`	`emaTrendLen`
ATR Period	`int`	`14`	`atrLen`
Backtest Mode	`string`	`Confirm Only`	`mode`
Use Closed Bar Only	`bool`	`true`	`useConfirmedBar`
Enable BUY CONFIRM	`bool`	`true`	`enableBuyConfirm`
Enable SELL CONFIRM	`bool`	`true`	`enableSellConfirm`

Show all 40 settings

Setting	Type	Default	Variable
Enable LSB SCALP	`bool`	`false`	`enableLsbScalp`
Enable LSS SCALP	`bool`	`false`	`enableLssScalp`
Show Disabled Scalp Marks for Review	`bool`	`false`	`showDisabledLegs`
M15 Sell OB Level	`float`	`70`	`sellOb`
M15 Buy OS Level	`float`	`30`	`buyOs`
M15 Rejection Wick %	`float`	`0.35`	`wickPct`
Require M15 Trigger for Confirm	`bool`	`true`	`requireM15`
Fib Lookback	`int`	`50`	`fibLookback`
Fib/EMA Zone Tolerance x ATR	`float`	`0.45`	`fibTolAtr`
No Chase Distance from EMA20 x ATR	`float`	`1.35`	`noChaseAtr`
BUY Confirm TP RR	`float`	`1.5`	`rrBuyConfirm`
SELL Confirm TP RR	`float`	`1.6`	`rrSellConfirm`
Scalp TP RR	`float`	`0.8`	`rrScalp`
Confirm SL Buffer x ATR	`float`	`0.35`	`slAtrBuf`
Scalp SL Buffer x ATR	`float`	`0.12`	`scalpSlAtr`
Confirm SL Swing Lookback	`int`	`8`	`swingLb`
Scalp SL Swing Lookback	`int`	`3`	`scalpLb`
Show Dashboard	`bool`	`true`	`showDash`
Show Signals	`bool`	`true`	`showSignals`
Show Watch Marks	`bool`	`true`	`showWatch`
Show Key Fib	`bool`	`true`	`showFib`
Block Trade if SL too wide	`bool`	`false`	`useRiskBlock`
Max SL Distance (price points)	`float`	`60.0`	`maxSlPoints`
Block Trade during ATR Spike	`bool`	`true`	`useAtrSpikeBlock`
ATR Spike MA Length	`int`	`50`	`atrSpikeLen`
Max ATR x Average ATR	`float`	`1.55`	`atrSpikeMult`
Use Strict BUY Quality	`bool`	`true`	`useStrictBuyV495`
BUY Min H1 RSI	`float`	`42.0`	`buyRsiMinV495`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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