Gold Trend Rider is a trend-following cBot built for XAUUSD on the H1 chart. It waits for the price to break a Donchian channel extreme in the direction of a long-term EMA, then rides the move with an ATR chandelier trailing stop rather than a fixed target.

This is a low win rate strategy by design. It aims to lose small and often, and win large and rarely. If you are looking for a high win percentage, this is not the cBot for you.

How it enters

• Price must close beyond a 200-period EMA, setting the permitted direction
• The bar must break the highest high or lowest low of the last N bars
• Three optional RSI divergence filters can veto the breakout (see below)
• One position at a time, with an optional cooldown after each exit

How it exits

• ATR chandelier trailing stop, anchored to the highest high (or lowest low) reached since entry
• Optional fixed take profit, off by default — the trail is the primary exit
• Optional Friday close before the weekend gap
• Trail state is rebuilt from history if cTrader restarts mid-trade, so a restart does not reset your stop

Divergence filters

A single "Divergence Filter" setting selects Off, Standard or Strict. These filter out breakouts that occur while RSI is diverging against the trade:

• Confirmed divergence veto — blocks entries for a window after an opposing divergence confirms
• Live divergence gate — detects divergence that is still forming, with no confirmation lag
• RSI range filter — refuses buys after a recent overbought reading, and sells after a recent oversold reading

Advanced users can override every underlying value individually. Everyone else should leave the preset alone.

Risk and capital management

• Position size from a fixed percentage of equity, or a fixed lot size
• Stop distance scales with ATR, so size adjusts to current volatility
• Daily loss limit measured on equity, including floating loss, with a configurable reset hour
• On breach, the cBot optionally closes the open trade and stops entering until the next day
• Default daily limit is 5%, which meets the common prop firm daily drawdown rule

Suitable for

• Traders who understand and can sit through losing streaks of five or six trades
• Swing and position traders, not scalpers — expect a low trade frequency
• Prop firm accounts, with the daily loss limit enabled

Not suitable for

• Traders who need frequent activity or a high win percentage
• Very small accounts, where the ATR-scaled stop forces minimum lot size and breaks the risk calculation

Specifications

• Strategy type: Trend-following breakout
• Target symbols and periods: XAUUSD, H1
• Suggested leverage: 1:100 or higher
• Suggested account size: $[FILL] or equivalent
• Broker requirements: none specific; tested on [FILL — your Pepperstone feed]
• Default settings: optimised for XAUUSD H1 (see default parameters screenshot)
• Backtesting: [FILL — e.g. "full results for 2023–2026, see backtesting screenshots"]

Important limitations

• Validated on XAUUSD H1 only. Other symbols and timeframes are untested, and the cBot will warn you in its log if you run one.
• Divergence filters use RSI pivots, which require history to warm up. The startup log reports whether each filter is actually active.
• Gold is a volatile instrument. Stop distances of several hundred pips are normal and intentional.

Trading involves risk. Past performance does not guarantee future results.