Description
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The Black Box Bot has been developed by implementing decades of trading experience and a passion for algorithmic trading with the ultimate ease of use in mind to provide algorithmic traders with a proven strategy that works over the long term while at the same time being an amazing performer on Gold, one of the most popular pairs on the markets.
Besides ease of use the key element of the development has been to create a bot that has an amazing and realistic profit-to-drawdown ratio. Unlike other popular sellers on the market who show inflated profits and show balance drawdowns, we show realistic profits and equity drawdowns. This is a key difference. With a network in the institutional trading space we invested heavily to test many of these bots over many years to find a strategy that works long term without risky strategies. The Black Box Bot is a bot that you can just set once and let it do it's thing.
This bot has been designed for the Gold 5 minute chart only and has been tested on Go Markets, Fusion Markets and IC Markets
Who is this for:
- Beginner traders who want to earn a passive income but don't have much or any experience with bots
- Algorithmic traders who are looking for a long term set-and-forget bot that works straight from the 'Box'
- Algorithmic traders who are looking for a bot without risky strategies like grid or martingale
- Algorithmic traders who like trading the popular Gold (XAUUSD) pair
- Algorithmic traders who don't want the hassle and save a lot of time of optimizing with many settings and backtesting
- Traders who want to automate their trading with an amazing profit-to-drawdown ratio (see the images for the performance)
How to set up the Black Box Bot:
- Open a fresh chart in cTrader and select the XAUUSD pair and m5 standard timeframe
- Attach the Black Box Bot to your chart
- Set your lotsize based on your balance. We recommend 0.01 lots per 3000 USD or EUR balance.
- Set the add '0' to sl/tp (x10) if your broker uses a different pip calculation. Some brokers calculate 1 pip moves while with other brokers this is an equivalent of 10 pips. In our test we use 'No' for Go Markets and 'Yes' for IC & Fusion Markets. If you want to be sure do one-time backtest to see which option produces the best results for your broker. See our video on how to run a backtest.
- Press the start button
That is all
Recommendations:
- The Black Box Bot has been optimized for Gold (XAUUSD) on the 5 minute (m5) chart. Use it on this chart only
- It is recommended to use the Black Box Bot on Go Markets, Fusion Markets or IC Markets as it has been tested on these brokers
- Since this is a long term bot run it non-stop on a VPS or cTrader's Cloud
- The minimum recommended account balance for 0.01 lotsize is 3000 USD or EUR
- Please note that the RoI value of almost 700% is based on our high risk setting. With the low risk setting the annual profit in our test was 142% with a drawdown of 13% as seen in the image
See our other products
Volume Profile Pro indicator: https://ctrader.com/products/4079
Level 2 DOM Volume Delta Pro indicator: https://ctrader.com/products/4138
Summary
Key features include:
- Target market: Gold on the M5 timeframe
- Tested on multiple brokers for consistent performance
- Fixed lot sizing with risk management tools including stop loss and take profit
- Designed for algorithmic traders seeking long-term stable returns without extensive optimization
- Suitable for beginners and experienced traders alike
- Backtested over one year with results showing up to nearly 700% annual return at high risk, and 142% annual return at low risk with 13% drawdown
- Supports market orders and is ECN-friendly
Recommended minimum account balance is approximately 1200 USD or 1000 EUR. The bot manages one position at a time and is optimized for leverage up to 1:500.
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