Midas
cBot
Tested on Blueberry
Version 1.2, Apr 2026
Windows, Mac, Mobile, Web
5.0
Reviews: 3
3
Purchases
32.1%
ROI
2.73
Profit factor
18.45%
Max drawdown
Description
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.
Summary
AI summary
Midas is a fully automated trading robot designed for the cTrader platform, specifically targeting Gold (XAU/USD) on the 30-minute (M30) timeframe. It employs a proprietary breakout detection algorithm to identify high-probability breakout setups and executes trades exclusively via stop orders that confirm momentum before entry. The robot features distinct long and short entry logic optimized for gold's market behavior.
Risk management is adaptive and volatility-based, using ATR-scaled stop-loss, take-profit, and trailing stops to maintain consistent reward-to-risk ratios. It includes bar-based exit timers to close trades that stall, automatic position closure before the weekend, and a daily trade cap to limit activity during choppy market conditions. Position sizing can be configured as fixed lots or as a percentage of the account balance.
All key parameters are adjustable, including signal sensitivity, risk multipliers, position sizing, exit timing, and trading hours. Midas does not use grid, martingale, or averaging down strategies, ensuring one clean entry per signal with defined risk. It is suitable for traders seeking a set-and-forget, breakout-focused automated strategy for gold trading with adaptive risk controls.
Risk management is adaptive and volatility-based, using ATR-scaled stop-loss, take-profit, and trailing stops to maintain consistent reward-to-risk ratios. It includes bar-based exit timers to close trades that stall, automatic position closure before the weekend, and a daily trade cap to limit activity during choppy market conditions. Position sizing can be configured as fixed lots or as a percentage of the account balance.
All key parameters are adjustable, including signal sensitivity, risk multipliers, position sizing, exit timing, and trading hours. Midas does not use grid, martingale, or averaging down strategies, ensuring one clean entry per signal with defined risk. It is suitable for traders seeking a set-and-forget, breakout-focused automated strategy for gold trading with adaptive risk controls.
Trading profile
Trading style
Day trading
Strategy type
Breakout
Analysis type
Technical
Quantitative
Trade frequency
Low
Min recommended balance
$500
Risk per trade
0%
Chart period
30 minutes
Backtesting leverage
1:100
Risk management
Risk model
Fixed lot
Fixed risk percentage
Supported order types
Stop
Supported risk controls
Stop loss
Take profit
Trailing stop loss
Customer reviews
5.0
Reviews: 3
5 | 100 % | |
4 | 0 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
March 26, 2026
Nice for review work. The value is not huge hype, it is the way gold setups feel more structured during XAUUSD volatility.
March 16, 2026
Kinda useful if you already have rules. If you expect it to magically print entries, you will probably be disappointed.
March 15, 2026
a decent setup here should survive 25 gold trades without looking messy. The first month should show both ROI and DD.
Discussion
FAQ
Breakout
Commodities
XAUUSD
ATR
Bollinger
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
Price
Since 12/03/2026
1.56M
Traded volume
15.72K
Pips won
3
Sales