GoldWaveFxPro Elite

GoldWaveFxPro – Structured Market Bias Detection

GoldWaveFxPro is an original, custom-built trading script designed to identify high-probability trade setups based on a structured market framework. Unlike generic trend-following indicators, this system is built around a multi-timeframe confirmation process, ensuring that signals are based on a defined three-phase price structure rather than reactive market movements.

How GoldWaveFxPro Works
The script is built around a three-candle pattern detection system that operates best on the higher timeframe. It follows a step-by-step validation process to ensure that trade signals are only triggered when key conditions are met:

1️⃣ First Candle (Reversal Signal):
The first candle must show an opposite direction to establish a potential shift in momentum.
This is detected by comparing the open and close prices to identify a market structure shift.

2️⃣ Second Candle (Liquidity Sweep Confirmation):
The second candle must sweep the previous candle’s high/low, indicating a liquidity grab.
This is a critical step to confirm that the market is inducing early buyers/sellers before moving in the intended direction.

3️⃣ Third Candle (Breakout & Engulfing Confirmation):
The third candle must close beyond the previous high/low of the second candle.
The body of this candle must also be larger than the prior two candles, ensuring strength in momentum.

✅ Trade BUY/SELL Bias Generation:
Once all three conditions align, a buy or sell signal is confirmed.
The script only confirms signals on bar close, preventing fakeouts and market manipulation.
Alerts are triggered for traders to take action when a valid signal appears.

How to Use GoldWaveFxPro
To maximize trade accuracy, use a top-down approach:

1️⃣ Start on a higher timeframe (HTF) – Example: D1, H4, M15.
2️⃣ Wait for a trade bias to appear on D1, then move to H4 for further confirmation.
3️⃣ If H4 confirms the same directional bias, check M15 for the final alignment.
4️⃣ Once M15 aligns with HTF bias, execute the trade with confidence.

This method ensures multiple confluences across three timeframes, significantly increasing trade precision while reducing unnecessary entries.

Disclaimer:
This script is for educational and analytical purposes only. Users should conduct their own risk management and backtesting before applying it to live trading.