OPEN-SOURCE SCRIPT
Updated The Alchemist
The Alchemist — Gold (AURUM-5)
What it is:
A 5-minute, session-aware gold strategy that blends three complementary “engines” to catch the best intraday rotations on XAUUSD/GC:
Trend Pullback — trades with the prevailing move after shallow pullbacks.
VWAP Mean-Reversion — fades stretched moves back toward value when trend pressure is light.
EBP Sweep — a simple, fast “liquidity sweep & reclaim/reject” candle read that flips early inflection points.
It’s built for clean execution and risk discipline: dollar-based sizing, ATR-anchored stops, $2.5 grid rounding, session caps, and cooldowns to prevent over-trading.
What it is:
A 5-minute, session-aware gold strategy that blends three complementary “engines” to catch the best intraday rotations on XAUUSD/GC:
Trend Pullback — trades with the prevailing move after shallow pullbacks.
VWAP Mean-Reversion — fades stretched moves back toward value when trend pressure is light.
EBP Sweep — a simple, fast “liquidity sweep & reclaim/reject” candle read that flips early inflection points.
It’s built for clean execution and risk discipline: dollar-based sizing, ATR-anchored stops, $2.5 grid rounding, session caps, and cooldowns to prevent over-trading.
Release Notes
A purpose-built 5-minute Gold engine that fuses three complementary entry “engines” (trend pullback, VWAP mean-reversion, and an EBP sweep/reclaim) with tight governance, Topstep cutoff handling, and webhook-ready JSON alerts. It’s designed for a few high-quality trades per session, then it chills.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.