Gold Scalper Pivots V1_noSourceCode is an automated trading bot designed for the XAUUSD (gold) market. It employs a reversal strategy that integrates the Money Flow Index (MFI) and Bollinger Bands to detect false breakouts and potential market reversals. The bot’s entry logic identifies overbought and oversold conditions using MFI, then confirms false breakouts by monitoring price movements outside and back inside the Bollinger Bands before initiating trades.

Key features include configurable entry conditions, customizable filters, and adjustable execution parameters. Risk management options allow users to set lot size, Stop Loss, Take Profit, and apply a spread filter. Additional trade management and recovery features are available to enhance flexibility.

This bot is suited for traders who focus on reversal strategies in XAUUSD and are aware of the risks involved in trading against short-term momentum. Optimal performance is generally observed in normal or ranging market conditions. Users are advised to conduct backtesting and demo testing prior to live deployment.