OPEN-SOURCE SCRIPT
The Gold Box Strategy
Suggestions for Improving Entry and Exit Signals:
1. Filtering Signals with EMA Confluence:
Ensure that buy signals (bullish engulfing) are only triggered when the price is above the 20 EMA.
Ensure that sell signals (bearish engulfing) are only triggered when the price is below the 20 EMA.
This will reduce false signals and ensure trades are taken in the direction of the overall trend.
2. Round Number Levels Filtering:
You can add a condition to only allow entries when the price is near round numbers (e.g., within a certain dollar range from $5 intervals like 1775, 1780, etc.).
3. Session Filtering:
Ensure that trades are only taken during active trading sessions (London or New York) to avoid low-volatility periods where false signals are more likely.
1. Filtering Signals with EMA Confluence:
Ensure that buy signals (bullish engulfing) are only triggered when the price is above the 20 EMA.
Ensure that sell signals (bearish engulfing) are only triggered when the price is below the 20 EMA.
This will reduce false signals and ensure trades are taken in the direction of the overall trend.
2. Round Number Levels Filtering:
You can add a condition to only allow entries when the price is near round numbers (e.g., within a certain dollar range from $5 intervals like 1775, 1780, etc.).
3. Session Filtering:
Ensure that trades are only taken during active trading sessions (London or New York) to avoid low-volatility periods where false signals are more likely.
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