MCV Scalp V1

MCV Scalp — Engulfing Candle Scalp Strategy with Dynamic SL

This indicator identifies bullish and bearish engulfing candle setups on XAU/USD (Gold) for precise scalp entries.
Each signal includes a visual entry range box ($1 target) and a transparent Stop-Loss box drawn from the previous candle’s high or low.

⚠️ Risk Management Rules

If the SL area lies within an equal high or equal low zone, shift the SL by $1 beyond that level (to avoid liquidity sweeps).

If a new signal appears before the previous entry hits SL or TP, ignore it — hold your existing position until it’s resolved.

Always use position sizing appropriate to your account risk tolerance (recommended max 1–2% per trade).

💡 Notes

This tool is designed for educational and backtesting use.
It helps visualize high-probability engulfing entries with clear SL/TP zones for gold scalping setups.