Sweep and Reclaim
Sweep and Reclaim is a strategy that trades XAUUSD on 20-tick range bars.
sequencerenko, heikin ashi, x-ray
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strategy "Sweep and Reclaim"2
market: XAUUSD3
bars: range(20)4
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sequence grab within 25 bars:6
step sweep: low < lowest(low, 30)[1]7
step reclaim: close > sweep.high8
step retest: low <= reclaim.close and close > reclaim.close9
reset_if: close < sweep.low10
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when grab.completed:12
buy risk: 1%, stop: grab.sweep.low - 3 points, target: 2.5RWhat this script says
Sweep and Reclaim is a strategy that trades XAUUSD on 20-tick range bars.
grab completes when these steps happen in order within 25 bars: sweep, when the low is below the previous bar's lowest low of the last 30 bars; then reclaim, when the close is above sweep.high; then retest, when the low is at or below reclaim.close and the close is above reclaim.close. It starts over if the close is below sweep.low.
When grab completes, it buys at market, risking 1% of the balance, with a stop at the low of the sweep step minus 3 points and with a target 2.5R from the entry.