Entry Sniper Momentum for XAUUSD M5📌 Trading Strategy Description: "SMA Momentum RSI & ADX"
This strategy is designed for XAUUSD on the 5-minute (M5) timeframe. It combines multiple technical indicators to identify momentum-based trading opportunities 📈📉.
🔎 1. Indicators Used
The strategy relies on four main indicators:
1️⃣ Simple Moving Averages (SMA 9 & SMA 21) → To detect trends
2️⃣ Relative Strength Index (RSI 14) → To filter entries based on market strength
3️⃣ Average Directional Index (ADX 14) → To confirm the trend's strength
4️⃣ Average True Range (ATR 14) → To adjust Stop Loss and Take Profit
📊 2. Entry Conditions
📌 Buy Signal (Long):
✅ Bullish crossover of SMA 9 above SMA 21 📈
✅ RSI below 70 (avoiding overbought entries)
✅ Bullish MACD (MACD line above the Signal line)
✅ ADX above 20 (confirming a strong trend)
📌 Sell Signal (Short):
✅ Bearish crossover of SMA 9 below SMA 21 📉
✅ RSI above 30 (avoiding oversold entries)
✅ Bearish MACD (MACD line below the Signal line)
✅ ADX above 20 (confirming a strong trend)
📏 3. Risk Management (SL/TP)
📌 Stop Loss (SL) based on the latest highs/lows 📊
📌 Take Profit (TP) set at 2 times the Stop Loss distance (2:1 Ratio)
📈 4. Strategy Objective
✅ Capture short but strong trends in XAUUSD on M5
✅ Minimize false signals using RSI and ADX as filters
✅ Optimize exits with a TP/SL ratio of 2:1 to maximize profit potential
💡 Conclusion
🔥 Momentum-based strategy with advanced filters
📊 Optimized for XAUUSD on the 5-minute timeframe
⚡ Good balance between fast signals and risk management
➡️ Want to improve it even more? We could test a trailing stop or volume filtering! 🚀💰
