MycBots v2.2 is an automated trading robot designed for the cTrader platform, focusing on swing trading and scalping strategies primarily for XAUUSD and other symbols. It operates on the M5 timeframe and integrates the Darvas Box concept with dynamic Fibonacci levels to identify trading opportunities. The bot supports multiple trading modes, including Reversal and Breakout, and applies session-based trade filtering to optimize market entry times.
Key features include automatic initialization, Break Even and Trailing Stop management, floating take profit and stop loss protection, and consecutive loss protection to enhance risk management. It also incorporates Fusion Heatmap market analysis for informed decision-making. The robot uses a fixed or dynamic lot risk model with a recommended minimum balance of $200 and limits to one simultaneous position with a maximum lot size of 1. Risk parameters include a 5% risk per trade, a daily drawdown limit of 5%, and a maximum balance drawdown of 28.24%. The bot supports stop order types and is backtested over six months with leverage set at 400. It is compatible with brokers such as IC Markets.