Description
📊 Strategy Type and Trading Approach
MycBots v1.0 is a swing-based breakout cBot built around a proprietary “Box Break Structure” methodology, designed for H1 timeframe trading with default optimization for XAUUSD (Gold), while remaining fully adaptable to other symbols. The strategy identifies periods of market compression and defines a structured equilibrium zone (the “box”) using an adaptive market structure window based on candle body behavior. It then targets expansion phases when price transitions from consolidation into directional breakout conditions.
🎯 Entry Logic and Execution Behavior
The bot first enters an internal calibration phase where it maps historical price structure and defines a body-based range representing the current market “box.” During this phase, trading is disabled to ensure accurate structural mapping. Once activated, the system monitors for a box break event, where price decisively exits the defined structure. Entries are executed only when breakout conditions align with volatility expansion and structural confirmation, filtering out weak or false breakouts. Execution is strictly rule-based and focused on swing continuation rather than scalping noise.
🛡 Risk and Capital Management Principle
Risk is managed through predefined monetary controls including fixed stop loss and take profit levels. Once a position reaches a defined profit threshold, break-even protection is activated to secure capital. A trailing stop mechanism is used to capture extended swing movements during strong directional phases. The system is also designed with monthly performance tracking to maintain disciplined exposure and prevent overtrading across varying market conditions.
⚙ Key Trader Parameters
- Set Distance % = 250
- Lot Size = 0.01
- Target Profit ($) = 60
- Stop Loss ($) = 25
- Break-even ($) = 20
- Trailing trigger ($) = 20
- Trailing Step ($) = 20
- Default optimized for H1 XAUUSD, adaptable to all instruments
👤 Who This Bot is Best Suited For
This cBot is best suited for:
- Swing traders focused on H1–H4 structure-based trading
- Traders with mid to large account sizes ($400–$10,000+)
- Intermediate to advanced users familiar with breakout and range-based strategies
- Traders who prefer low-frequency, high-quality swing entries over scalping or high-frequency execution
⚠ Important Limitations / Usage Notes
- Performance is dependent on clear market cycles between consolidation and expansion
- May underperform during prolonged low-volatility or choppy conditions
- Requires stable execution conditions, especially on XAUUSD (spread sensitivity)
- Not designed for scalping or news-driven high-impact volatility trading
- Initial calibration phase duration varies based on historical structure complexity
- Should be tested extensively on demo before live deployment due to swing exposure nature
Summary
Entries occur only when price decisively breaks out of the defined box with confirmation from volatility expansion and structural signals, focusing on swing continuation rather than scalping. Risk management includes fixed stop loss and take profit levels, break-even protection after reaching profit thresholds, and trailing stops to capture extended moves. Monthly performance tracking helps maintain disciplined exposure and prevent overtrading.
Key configurable parameters include lot size, target profit, stop loss, break-even trigger, and trailing stop settings. The bot is suited for intermediate to advanced swing traders using H1–H4 structures, with mid to large account sizes. It is designed for low-frequency, high-quality entries and requires stable execution conditions, especially on XAUUSD. The strategy performs best in clear market cycles of consolidation and expansion.
