Description
π GoldWick v1.0 β cBot for XAU/USD
GoldWick is an automated cBot specifically designed to trade gold (XAU/USD) on cTrader. It uses an advanced trend-following strategy based on dynamic market momentum analysis, combined with a multi-layer filtering system to optimize entry signal quality.
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π― Strategy type and trading approach
Trend-following strategy
Momentum analysis powered by a proprietary detection engine
Logic specifically adapted to gold's characteristics (volatility, active sessions, etc.)
Configurable price source (Close, Open, High, Low, Median, Typical, Weighted)
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β‘ Execution behavior
Two execution modes available:
Market Order: immediate entry on signal
Pending Order: Stop or Limit order placement
Configurable cooldown between trades to prevent overtrading
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π‘οΈ Risk and capital management principles
Flexible TP/SL with two modes
Automatic swap protection (closes positions before swap time)
Maximum spread filter to avoid unfavorable conditions
Time filter (trades only during configured sessions)
Configurable daily trade limit
Configurable maximum concurrent positions
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π€ Target user:
Trader profile: intermediate to advanced algo trader
Required experience level: basic knowledge of cTrader and automated trading
Recommended account size: minimum $1,000 (to be adjusted based on backtest)
Recommended broker: IC Markets with low spread on XAU/USD
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π Usage recommendations:
Pair: XAU/USD (Gold)
Recommended timeframe: to be determined via backtest (M15, M30, H1, etc.)
Backtest performed on: IC Markets from 2023 to present, using real server tick data (high-precision backtest)
Summary
Key functionalities include configurable price sources (Close, Open, High, Low, Median, Typical, Weighted) and two execution modes: immediate market orders and pending orders (Stop or Limit). It incorporates risk management tools such as flexible take profit and stop loss settings, automatic swap protection by closing positions before swap time, maximum spread filtering, time-based trading filters, daily trade limits, and controls on maximum concurrent positions.
GoldWick targets intermediate to advanced algorithmic traders with basic knowledge of cTrader and automated trading. It is recommended for accounts with a minimum balance of $1,000 and brokers offering low spreads on XAU/USD, such as IC Markets. The bot has been backtested using high-precision tick data from IC Markets covering 2023 to 2026. It supports fixed lot sizing and is optimized for medium-frequency day trading with a focus on algorithmic trend strategies.
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