OPEN-SOURCE SCRIPT
Golden Trident | Swing-Anchored VWAP Trend System
Golden Trident is a long-only, daily-timeframe trend-following strategy built specifically for XAUUSD (spot gold). Rather than relying on a lagging moving-average crossover or a single volatility band, it reads market structure directly — tracking swing highs and lows to determine trend direction — and pairs that with a volume-weighted anchor price that resets at every structural trend change. This gives the strategy a "fair value" reference line that adapts to each new trend leg rather than dragging a fixed-length average behind it.
The strategy is deliberately long-only. Gold has spent most of its liquid trading history in a secular uptrend, and countertrend short entries were found to meaningfully drag down both total return and risk-adjusted performance without adding diversification benefit — so the system simply steps to the sidelines when structure turns bearish, rather than fighting the dominant trend.
Position sizing is intentionally simple: a fixed percentage of equity per trade, compounding as equity grows. Risk management is handled by a single wide "catastrophe" stop rather than a tight trailing stop — the strategy is designed to exit on genuine trend reversal, not to be shaken out by normal daily noise.
How It Works
Features
Tips for Use
The strategy is deliberately long-only. Gold has spent most of its liquid trading history in a secular uptrend, and countertrend short entries were found to meaningfully drag down both total return and risk-adjusted performance without adding diversification benefit — so the system simply steps to the sidelines when structure turns bearish, rather than fighting the dominant trend.
Position sizing is intentionally simple: a fixed percentage of equity per trade, compounding as equity grows. Risk management is handled by a single wide "catastrophe" stop rather than a tight trailing stop — the strategy is designed to exit on genuine trend reversal, not to be shaken out by normal daily noise.
How It Works
- Swing Structure (Trigger): The strategy tracks rolling swing highs and lows over a configurable lookback. When the most recent extreme is a new high, structure is bullish; when it's a new low, structure is bearish.
- Anchored VWAP (Trend Reference): Each time structure flips, the volume-weighted average price calculation resets and begins accumulating fresh from that point — producing a trend-relative fair-value line rather than a static average.
- EMA200 Filter (Structure Confirmation): Long entries additionally require price to be trading above the 200-period EMA, keeping trades aligned with the macro trend.
- Chop Filter (Volatility Gate): Entries are blocked when recent price range is too narrow relative to ATR — this avoids entering on structural "flips" that occur during sideways consolidation, where they're most likely to reverse immediately.
- Exit: Positions close purely on structural trend reversal. No trailing stop is used, since research during development found trailing exits tended to cap winning trades prematurely without meaningfully reducing losses.
- Backstop Stop: A wide ATR-based stop exists purely as disaster protection for extreme, unexpected moves — it is not intended to be part of normal trade management.
Features
- Swing-structure trend detection (not a lagging indicator crossover)
- Self-resetting anchored VWAP trend reference
- Optional EMA200 macro trend filter
- Optional ATR-based chop/consolidation filter
- Configurable backtest date range
- Trade outcome visualization (colored boxes showing each closed trade's entry-to-exit range)
- Live dashboard showing current structure, volatility state, position size, and open P/L
- Gold-themed visual design with gradient trend fill and directional bar coloring
Tips for Use
- Timeframe: Designed and tested on the daily chart. Shorter timeframes will likely need proportionally shorter swing/EMA/ATR lengths.
- Data quality matters: Backtest only over periods with clean, liquid, consistently-quoted price and volume data. Very long historical ranges on XAUUSD may include gold-standard-era pricing or unreliable volume that will distort results — the built-in date range inputs default to 2010 onward for this reason.
- Position sizing: The default equity percentage is aggressive. Test at a lower size first and scale up only after reviewing max drawdown and worst losing-streak length for your specific test window — position sizing should reflect your own risk tolerance, not just backtest profit factor.
- Shorting: Short entries exist as a toggle for experimentation, but are off by default based on backtest performance on gold's historical trend bias. Re-enabling changes the strategy's risk profile meaningfully.
- Not financial advice: This is a backtesting and educational tool. Past performance on historical data does not guarantee future results.
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Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.