OPEN-SOURCE SCRIPT
DAILY 6$
This strategy is designed for XAUUSD (Gold) trading using a $130 account with a goal of making $12 daily while risking $6 per trade. It integrates multiple advanced trading techniques:
1. **Smart Money Concepts (SMC):** Identifies liquidity grabs and market structure shifts to detect potential reversals.
2. **ICT & Order Blocks:** Recognizes key areas where institutions place trades.
3. **Fibonacci Levels:** Uses 0.618 and 0.382 levels for optimal entries and exits.
4. **Fair Value Gaps (FVG):** Finds price inefficiencies that are likely to get filled.
5. **RSI & Volume Analysis:** Confirms momentum with RSI crossovers and high institutional volume.
6. **Wyckoff Accumulation/Distribution:** Ensures entries align with smart money movements.
7. **Session-Based Execution:** Trades only during London & New York sessions, avoiding high-impact news times.
It plots clear **buy/sell signals** and **entry/exit markers** to guide decision-making, helping traders capitalize on Gold’s price movements efficiently. 🚀
1. **Smart Money Concepts (SMC):** Identifies liquidity grabs and market structure shifts to detect potential reversals.
2. **ICT & Order Blocks:** Recognizes key areas where institutions place trades.
3. **Fibonacci Levels:** Uses 0.618 and 0.382 levels for optimal entries and exits.
4. **Fair Value Gaps (FVG):** Finds price inefficiencies that are likely to get filled.
5. **RSI & Volume Analysis:** Confirms momentum with RSI crossovers and high institutional volume.
6. **Wyckoff Accumulation/Distribution:** Ensures entries align with smart money movements.
7. **Session-Based Execution:** Trades only during London & New York sessions, avoiding high-impact news times.
It plots clear **buy/sell signals** and **entry/exit markers** to guide decision-making, helping traders capitalize on Gold’s price movements efficiently. 🚀
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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