cBot
XAUUSD
Martingale
Cover For Hand
"Cover For Hand" logo
03/09/2025
1
Desktop, Mobile, Web
Since 06/11/2024
Traded volume
21.14M
Pips won
65.85K
Sales
1
"Cover For Hand" uploaded image"Cover For Hand" uploaded image

This is a semi-automatic bot that helps you manage your capital.

When you a position and do not want to have a fixed SL and TP, this bot will help you do this automatically.

When your position has a profit exceeding the Take Profit Pip, the bot will move the stoploss according to the ratio you choose and gradually move it until it hits the stoploss

When your order has a loss exceeding the Stop Loss Pip, the bot will automatically place a martingale order to cover for the loss according to 1 of the 3 martingale methods you choose, and at the same time calculate the new profit point based on the Take Profit Pip you have chosen, when the profit point is exceeded, the all positions will automatically close.

When there are no open orders, the bot will not work, each time the bot only supports 1 open order in 1 direction.

In case you place 2 orders in 2 directions, buy and sell, the bot will still work.

You should choose m1 time frame for the bot to work fastest because the bot will work after the bar closes.

For example:

If you place a buy order of 0.01 lot XAUUSD, SL = 400, TP = 200, SL move rate = 0.5, Martingale Style = PlusOne.

Case 1: if your order has a profit of 200 pips, a new SL will be created with a profit of 100 pips, if the price continues to increase, the new SL will continue to increase until the price reverses and touches the SL

Case 2: if your order loses 400 pips, the bot will automatically place a Martingale order with a new lot equal to the current lot plus one unit of lot = 0.01 * 2 = 0.02, and at the same time draw a new Take Profit line to ensure that this new Take Profit is the same as the Take Profit you intend to have.

Case 3: if your order loses 800 pips, the bot will automatically place an order similar to case 2 with a new lot of 0.01 * 3 = 0.03 and move the new Take Profit line.

If you choose Double, your order will have a gradually doubled lot, then it requires a large capital to cover but in return, the order will be closed quickly

If you choose Fibonacci, your order will increase the lot according to the Fibonacci series, the advantage is that the initial lot is small, the later the lot is large, helping to quickly recover the capital, requiring less capital than the double type

If you choose PlusOne, your order will increase the lot according to the plus one type, requiring less capital to cover but also taking more time to recover the capital.

If the capital is 1000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: PlusOne

If the capital is 2000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: Fibonacci

If the capital is 5000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: Double

More from this author
cBot
RSI
ATR
Martingale
+3
AIO4 Cloud
Combine multiple indicators in multiple timeframes with martingale capital management and automatic capital increase
You may also like
cBot
Forex
Crypto
DMG BTCUSD-ETHUSD Cbot 15 DAY TRIAL
DMG BTCUSD-ETHUSD C bot 15 DAY TRIAL
cBot
XAUUSD
Breakout
Commodities
+1
SmartTradeOnHoursBreak - XAUUSD
SmartBuyOn4HBreak – Precision Trading for Gold with Patience-Powered Profit.
EU 4H macd trend strategy
// EUR/USD - 4H TIMEFRAME // 5 YEARS BACKTEST, PROFIT 570 USD, DRAWDOWN MAX 118 USD
needThaiBot Automated
🤖🤖The World First Automated AI Trading Bot 🤖 🤖 , Please try default setting before making any changes
Fibonacci Strategy (Made with AlgoBuilderX)
Auto-entry at Fibonacci levels, fully customizable with advanced risk management features.
XAU USD 1H trend strategy
// XAU/USD 1H TIMEFRAME // 5 YEARS BACKTEST, PROFIT 2100 USD, DRAWDOWN MAX 195 USD 
cBot
Grid
RSI
NZDUSD
+7
DragonRSIcBotDemo
DragonRSIcBot is an RSI-driven grid/martingale cBot
cBot
Martingale
Forex
EURUSD
QUANTUM MASTER - FREE TEST
EURUSD M2 FREE BACKTEST UNTIL 16.01.2025 # 24% PER MONTH
VALID Hi and Lo
ICT Valid High & Low Detector – Multi-Pair, Multi-Timeframe
DAX INTRADAY EXPIRY 30.08.25
DAX BOT FOR INTRADAY TRADING
cBot
NZDUSD
Forex
EURUSD
+3
DowterRy Renko
Tesss Implementing price structure analysis in Renko charts
XAU 4H range-trend strategy
// XAU/USD - 4H TIMEFRAME // 5 YEARS BACKTEST, PROFIT 1100 USD, DRAWDOWN MAX 140 USD
cBot
Indices
RSI
SP500 up to 40% (13-09-24 - 09-03-25) Short edition
N.B.: Results with an initial invested capital of 100 euros.
AlgoCorner Trading Dashboard MP
Custom trading dashboard for fast one-click orders. Set Stop Loss, Take Profit, and customize layout & symbols easily.
cBot
XAUUSD
Commodities
Galvarys HA SMA
Hi! This bot is similar to my other one but it uses Heikin Ashi candles.
cBot
Grid
Martingale
Forex
+1
GridStormX
Aggressive scalping grid strategy using martingale with rapid order stacking and dynamic recovery.
cBot
Supertrend
MACD
Crypto
+2
BTCDirectionalIndex
Combina los indicadores Índice Direccional Promedio (ADX) y Convergencia/Divergencia de Medias Móviles (MACD).
TeleNotifier
TelegramBot: Real-time trade updates, ad URLs, and insights on Telegram. Runs 24/7 with an affordable VPS. Limited-time