Wda Elite Sniper (Golden Duck Runner)

Golden Duck Runner With Targets - Professional Trading Indicator

Overview

The "Golden Duck Runner With Targets" is a sophisticated technical analysis indicator designed for active traders seeking precise entry and exit points in trending markets. This indicator combines dual EMA trend analysis with pullback detection and implements a comprehensive fixed-tick risk management system with automatic position cleanup functionality.

Key Features

Dual EMA System
- Fast EMA (18-period): Golden line that tracks short-term price momentum
- Trend Filter EMA (111-period): Thick line for major trend identification
- Teal Color: Bullish trend (Fast EMA > Trend Filter EMA)
- Orange Color: Bearish trend (Fast EMA < Trend Filter EMA)

Advanced Signal Generation
The indicator employs a sophisticated pullback detection algorithm that ensures high-probability entries:

Long Signal Requirements:
- Market must be in uptrend (18 EMA > 111 EMA)
- Price must pull back below the 18 EMA while staying above the 111 EMA
- Price must then close back above the 18 EMA with bullish momentum
- No duplicate signals until position is closed

Short Signal Requirements:
- Market must be in downtrend (18 EMA < 111 EMA)
- Price must pull back above the 18 EMA while staying below the 111 EMA
- Price must then close back below the 18 EMA with bearish momentum
- No duplicate signals until position is closed

Fixed-Tick Risk Management System
The indicator uses predefined tick values for consistent risk management across all instruments:

Risk Levels (Fixed Tick Values):
- Stop Loss: 36 ticks (customizable)
- Take Profit 1: 30 ticks (1:0.83 risk-reward)
- Take Profit 2: 50 ticks (1:1.39 risk-reward)
- Take Profit 3: 75 ticks (1:2.08 risk-reward)

Automatic Position Management

Clean Chart Technology:
- Positions automatically close when TP3 or Stop Loss levels are hit
- All risk management lines are automatically removed upon trade completion
- Charts remain clean and focused on active opportunities only
- Maximum holding period of 20 bars prevents stale signals

Real-Time Monitoring:
- Live position tracking via information dashboard
- Hit detection for all take profit and stop loss levels
- Automatic line cleanup upon position exit
- Visual confirmation of level hits with checkmarks/X marks

Visual Elements

- Golden Entry Level: Clearly marks exact entry price
- Color-Coded Risk Lines: Dark red for stop loss, teal for TP1/TP2, gold for TP3
- Golden Arrow Signals: Easy-to-spot entry points with BUY/SELL labels
- Entry Candle Highlighting: Gold-colored candles mark signal bars
- Information Dashboard: Real-time display of trend, position, entry price, and duration
- Professional Color Scheme: Consistent golden theme throughout

Trading Applications

Best Suited For:
- Scalping on 1-5 minute charts
- Day trading on 15-minute to 1-hour charts
- Swing trading on 4-hour to daily charts
- All liquid markets: Forex, Stocks, Crypto, Commodities

Optimal Market Conditions:
- Trending markets with clear directional bias
- Moderate to high volatility environments
- Liquid instruments with tight spreads
- Active trading sessions with good volume

Technical Specifications

Pine Script Details:
- Version: Pine Script v5
- Chart Type: Overlay indicator
- Non-repainting signals (confirmed on bar close)
- Real-time updates with live dashboard
- Full TradingView alert support
- Resource optimized for smooth performance

Customizable Parameters:
- Fast EMA period (default: 18)
- Trend Filter EMA period (default: 111)
- Stop Loss ticks (default: 36)
- Take Profit levels in ticks (30, 50, 75)
- Display toggles for all visual elements

Usage Instructions

Setup
1. Apply indicator to your preferred timeframe
2. Verify EMA periods suit your trading style
3. Adjust tick values if needed for your instrument
4. Enable TradingView alerts for signal notifications

#Signal Identification
1. Trend Confirmation: Monitor EMA positioning and colors
2. **Pullback Recognition: Wait for price to test 18 EMA level
3. Entry Signal: Golden arrow confirms valid setup completion

Position Management
1. Enter at signal candle close
2. Use provided stop loss level (dark red line)
3. Scale out at take profit levels (teal and gold lines)
4. Monitor dashboard for trade status

Educational Value

This indicator serves as an excellent learning tool for:

Technical Analysis:
- EMA trend following strategies
- Pullback trading methodology
- Support and resistance concepts
- Risk-reward optimization

Trading Discipline:
- Systematic entry and exit rules
- Patient setup selection
- Proper risk management practices
- Emotional control through automation

Performance Features

Signal Quality Control:
- Trend structure validation
- Momentum confirmation requirements
- Anti-whipsaw protection
- Duplicate signal prevention

Risk Management:
- Consistent tick-based calculations
- Multiple profit-taking opportunities
- Automatic position cleanup
- Time-based exit rules (20 bars maximum)

Alert Integration

Built-in alert conditions for:
- Long entry signals
- Short entry signals
- Take Profit 1 hits
- Take Profit 2 hits
- Take Profit 3 hits
- Stop Loss hits

Customization Options

Display Controls:
- Toggle EMA visibility
- Show/hide signal arrows
- Enable/disable information dashboard

Parameter Adjustment:
- Modify EMA periods
- Adjust risk levels in ticks
- Customize visual styling

Important Considerations

Market Suitability:
- Works best in trending market conditions
- Less effective in sideways/choppy markets
- Requires adequate volatility for tick-based targets

Risk Management:
- Always use appropriate position sizing
- Consider instrument characteristics when setting tick values
- Monitor correlation when trading multiple signals
- Maintain detailed trading records

Backtesting Recommendations

Users should conduct thorough testing across:
- Different timeframes
- Various market conditions
- Multiple asset classes
- Extended historical periods

Disclaimer

Educational Purpose: This indicator is designed for educational and analytical purposes. It provides technical analysis signals based on moving average relationships and pullback patterns.

Risk Warning: Trading involves substantial risk of loss. Past performance does not guarantee future results. Users should conduct their own analysis and risk assessment before making trading decisions.

No Investment Advice: This tool provides technical analysis, not investment advice. Users are solely responsible for their trading decisions and outcomes.

Conclusion

The Golden Duck Runner With Targets offers a comprehensive approach to trend-following with precise entry timing and systematic risk management. Its clean visual design, automatic cleanup features, and educational value make it suitable for traders seeking a professional-grade analytical tool.

The fixed-tick risk management system provides consistency across different instruments while the dual EMA framework ensures trades align with the prevailing trend direction. Combined with sophisticated pullback detection, this indicator helps traders develop disciplined approaches to market analysis and position management.

Developed for traders who demand precision, reliability, and professional-grade technical analysis with clean, automated chart management.