MIDAS Automated Gold Breakout Strategy for cTrader
Midas is a fully automated cAlgo robot built exclusively for trading Gold (XAU/USD) on the M30 timeframe. It uses a proprietary signal algorithm to detect high-probability breakout conditions and enters only via stop orders that confirm momentum before filling.
No grid. No martingale. No averaging down. One clean entry per signal with defined risk on every trade.
What It Does
- Identifies breakout setups using a proprietary signal algorithm
- Enters via stop orders that only fill on confirmed momentum
- Separate long and short logic tuned to gold's behaviour
- ATR-adaptive stop-loss, take-profit, and trailing stop on all trades
- Bar-based exit timers to cut trades that stall
- Automatic weekend close before Friday session end
- Daily trade cap to control activity in choppy conditions
Entry Logic
- Proprietary breakout detection algorithm
- Stop-order entries only, no market orders, no chasing
- Asymmetric long/short signal logic optimised for gold
Risk Management
- ATR-scaled stop-loss adapts to current market volatility
- ATR-scaled take-profit maintains consistent reward ratios
- Trailing stop locks in profit on extended moves
- Bar-based exit timers prevent trades from lingering
- Weekend exit closes positions and cancels orders before Friday close
- Max trades per day prevents over-trading
Position Sizing
- Fixed lot mode with configurable size and multiplier
- Risk-based mode sizes positions as a percentage of account balance
Suitable For
- Gold traders looking for a fully automated breakout strategy
- Traders who prefer defined-risk stop-order entries
- Accounts that benefit from volatility-adaptive risk management
- Traders who want a set-and-forget approach to XAU/USD
Parameters
All key parameters are exposed and tuneable:
- Signal: Sensitivity and detection thresholds
- Risk: SL, TP, and trailing stop multipliers
- Position Sizing: Fixed lots or percentage of account balance
- Exit Timing: Bar-based exit, order expiration
- Trading Hours: Weekend close time, daily trade limit
Defaults are optimised for XAUUSD M30.
Technical Info
- Platform: cTrader (cAlgo)
- Asset: XAU/USD (Gold)
- Timeframe: M30
- Access Rights: None
- Min History: 450 bars
Risk Warning
Trading involves significant risk of loss. Always test on a demo account first. Past performance does not guarantee future results. Never risk capital you cannot afford to lose.
