Gold Breakout Trader

⚙️ Gold short-term entries off M1 timeframe every 2 hours every day with SL/TP targets.
📦 2-Hour Breakout Structure: The indicator plots a new set of dynamic zones every two hours, providing a fresh breakout structure based on the most recent price action. This is the default setting and is designed for intraday trading.
🎯 Precision Entry & Exit Levels: A central gray box is plotted, with Buy Stop and Sell Stop lines automatically placed 2 USD away from its borders. This buffer creates a neutral zone and helps filter out noise.
💰 Pre-Defined Profit Targets: Three Take Profit TP zones are plotted for both long and short trades TP1, TP2, TP3. These zones are spaced apart, providing clear targets for managing trades.

⚙️ Fully Customizable Spacing: Every element is adjustable. You can change the buffer between the gray box and stop lines, the gap between the stop lines and the first TP zone, and the gaps between each subsequent TP zone.
🔔 M1 Breakout Alerts: The indicator includes a powerful alerts module that triggers when an M1 candle closes above the Buy Stop level or below the Sell Stop level. This provides real-time notifications for potential trade entries.
🎨 Clean Visuals & Clear Labels: The zones are color-coded teal for buy-side, red/purple for sell-side for instant recognition. The Buy Stop and Sell Stop labels are also colored to match their respective directions, ensuring zero confusion.

⚙️ Trading Strategy & Logic
This strategy is designed for precision and requires patience. The core idea is to wait for the market to confirm a breakout of the established 2-hour range before entering a trade.

📌 Entry Logic
1. 🕒 Wait for a New Zone: Allow the indicator to plot a new 2-hour structure. Do not trade old or expired zones.
2. 🔔 Set Your Alerts: In TradingView, create a new alert and select the indicator. For the condition, choose "Any alert() function call" and set it to trigger "Once Per Bar Close". This will notify you the moment a candle closes across a stop level.
3. 👀 Wait for the M1 Close: For a Long Buy Trade, wait for an M1 candle to close above the Buy Stop line. For a Short Sell Trade, wait for an M1 candle to close below the Sell Stop line.
4. ✅ Enter on Confirmation: Once you receive the alert and visually confirm the M1 candle has closed past the level, you can enter the trade.

🛑 Stop Loss SL Placement
The stop loss is designed to be tight and objective, providing a clear invalidation of the trade idea.
⬇️ For a Long Trade, the Stop Loss should be placed at the Sell Stop line the level on the opposite side of the gray box.
⬆️ For a Short Trade, the Stop Loss should be placed at the Buy Stop line.
🎯 Take Profit TP Strategy
The indicator provides three clear targets. How you use them depends on your trade management style.
🥇 TP1: The first level of resistance/support. This is an ideal target for taking partial profits and moving your stop loss to breakeven.
🥈 TP2 & TP3: Subsequent targets for scaling out of the position or for your final profit target.

⚠️ IMPORTANT NOTICE
This indicator and the accompanying strategy are provided for educational purposes only. Trading financial markets involves substantial risk, and past performance is not indicative of future results. The logic described is based on a specific set of rules and does not guarantee profit. Always conduct your own analysis and risk management before entering any trade. The creators are not responsible for any financial losses incurred.