Gold Raijin cBot is an automated trading robot designed exclusively for XAUUSD (gold) on the H1 timeframe. It employs a fractal breakout strategy by detecting local highs and lows using N-bar fractals and placing pending Buy Stop and Sell Stop orders at breakout levels. When one order triggers, the opposite is automatically canceled, with orders refreshed at each bar close.
The bot offers flexible risk management options, including automatic lot sizing based on a percentage of account balance or fixed manual lot sizing. Stop loss and take profit levels are set as percentages of the gold price, allowing natural scaling with market movements. Additional features include a configurable trailing stop, time-based trading restrictions, and a daily profit target that closes all positions once reached.
Gold Raijin cBot is intended for intermediate to experienced traders with accounts of $500 or more, optimized for Raw/ECN brokers such as IC Markets and Pepperstone. It supports stop-limit order types and incorporates risk tools like stop loss, take profit, and trailing stop loss. Backtesting was conducted over six months with 500:1 leverage. The bot is suitable for algorithmic trading and medium trade frequency scalping style focused on gold commodity markets.