This is a cAlgo/cTrader market-making bot designed for XAUUSD (Gold) that profits from bid-ask spreads using a hedged micro-scalping strategy. Key features:

• Spread Arbitrage: Places simultaneous Buy/Sell limit orders around current price to capture spread when both sides are filled.
• Dynamic Risk Management:
• • Auto-calculates position size based on % risk per trade or uses fixed lots
  • Hard limits: max loss (pips), max hold time (seconds), max inventory exposure
• Hedge-Lock Protection: When a position moves against the bot by a threshold (e.g., -4 pips), it opens an opposite hedge position. Both positions close together once combined profit reaches a small target (e.g., $0.20).
• High-Frequency Controls:
• • Quote cooldown (ms) to avoid spamming
  • Pending order expiry (seconds)
  • Max spread filter to skip volatile conditions
• Inventory Management: Automatically cancels/replaces pending orders to keep net exposure within defined lot limits.
• Safety Features: Optional equity drawdown stop (disabled by default).

Purpose: Acts like a mini hedge fund market maker—collecting small profits from spreads while using hedging to minimize directional risk and contain drawdowns on individual positions. Optimized for low-latency ECN environments with tight XAUUSD spreads.