ARGONAOUT is a sophisticated trading robot for the cTrader platform, which incorporates a trend-following strategy for the XAU/USD pair on the M5 timeframe.
Moving Average crossovers, combined with RSI filtering, an EMA 200 trend filter, advanced risk management (including daily drawdown stop), break-even logic, and an optional Martingale system on Take Profit (TP) hits.
Enters the market at the right moment and quickly protects their profit!!!
Core Strategy: EMA Crossover + Trend Filter
The cBot executes trades based on a confluence of four main conditions:
THE BOT PERFORMS VERY FEW TRADES, BUT OF EXTREMELY HIGH QUALITY, AS YOU CAN CLEARLY SEE IN THE BACKTEST IMAGE.!!!!
Stop wasting money on miracle solutions. What works is waiting for things to align and entering only at the right time, with the appropriate risk percentage and the right target.
Automatic system for increasing position after the order's take profit reaches the profit:
Example: first entry of 0.01 lots, take profit of 100 USD, second lot entry already at 0.02. The maximum number of lots can be configured in the bot's parameters. This, combined with a high success rate and a winning streak, increases the balance with only one order at a time, professional risk control.
Entry Conditions (Bullish/Buy)
- Fast EMA Crossover: The Fast EMA crosses above the Slow EMA.
- Trend Filter (EMA 200): The current price (Close) is above the EMA 200.
- Momentum Filter (RSI): The RSI value is above 50.
- Candle Strength: The most recent closed candle is bullish and its body size (Close - Open) is greater than or equal to the Min Entry Candle Body Strength (pips) parameter.
Entry Conditions (Bearish/Sell)
- Fast EMA Crossover: The Fast EMA crosses below the Slow EMA.
- Trend Filter (EMA 200): The current price (Close) is below the EMA 200.
- Momentum Filter (RSI): The RSI value is below 50.
- Candle Strength: The most recent closed candle is bearish and its body size (Open - Close) is greater than or equal to the Min Entry Candle Body Strength (pips) parameter.
