Legendary LBR Powered Channel Gold Momentum Scalper with HTF FLTLegendary Linda Bradford Raschke's - A heavily adapted and evolved version of a classic moving-average channel scalping concept, re-designed specifically for the noisy 1-minute timeframe on XAUUSD (Gold Spot).
The original idea (using EMA 16/30 as a channel, WMA 5/12 crossovers for breakout confirmation, and RSI 19 for trend strength) performed poorly on ultra-low timeframes due to excessive noise and frequent false signals. This version diverges significantly from the strict original rules to achieve better realism and positive expectancy in backtests.
Core changes from the original concept:
No requirement for the EMAs to be horizontal/flat on the 1-minute chart (too rare and unreliable)
No simultaneous double WMA crossover trigger (replaced with strong directional momentum candle + ATR expansion)
Higher-timeframe trend filter added (15-minute EMA 50 > EMA 200 for longs, reverse for shorts) to align with bigger moves
RSI role shifted from trend confirmation (>50/<50) to avoiding extreme overbought/oversold entries
Exits changed from WMA reversal cross to volatility-based: fixed ATR take-profit + trailing stop
Indicators used:
Higher timeframe (15m): EMA 50 (fast) & EMA 200 (slow) → overall trend direction
Current timeframe (1m): ATR(14) → volatility measurement, SL/TP sizing
RSI(14) → filter extreme conditions
Price action: strong directional candle (close breaks previous close by ≥0.8×ATR)
Entry rules:
Long: Strong bullish candle + HTF trend bullish (15m EMA50 > EMA200) + RSI < 70
Short: Strong bearish candle + HTF trend bearish (15m EMA50 < EMA200) + RSI > 30
Risk management:
Stop Loss: 1.0 × ATR below/above entry
Take Profit: 2.5 × ATR (initial target)
Trailing stop: activates after price moves 1.5 × ATR in favor, trails at 0.5 × ATR distance
Fixed position size (0.1 lot recommended for micro accounts)
Best usage:
Timeframe: 1 minute XAUUSD only
Sessions: London + New York overlap (highest liquidity/volatility)
Backtest period: focus on recent data (2024–2026 preferred)
Risk: 0.5–1% equity per trade maximum — high frequency requires tight discipline
Important notes:
This is a significantly modified adaptation built to function on 1-minute charts where the original logic fails.
Forward test thoroughly, combine with discretion and broader market context.
Trade responsibly.
Pine Script® strategy






















