Deskripsi
One market, one timeframe. The bot trades XAUUSD on the H1 chart and nothing else. It is not a portfolio system and it will not be adapted to other pairs — every rule in it was measured on gold's H1 behaviour and only holds there.
It waits, then commits. Most hours the bot does nothing. It monitors each forming candle against its own structural criteria, and when the conditions line up it places a pending stop order at a precise level rather than entering at market. If price reaches that level the trade opens; if it doesn't reach it within the same candle, the order is withdrawn and the setup is discarded. A setup that has to be chased is not taken. Expect roughly one trade every day or two — some days none, occasionally three.
Every position carries a stop from the moment it opens. The protective stop is placed immediately on fill, sized from the structure of the setup rather than a fixed distance, so a volatile setup gets more room and a tight one gets less. There is no martingale, no grid, no averaging into losers and no position that ever sits unprotected.
Trades are managed to a schedule, not to opinion. After a set number of candles the bot reviews the position once. A trade that has proved itself has its stop moved to protect the gain and is allowed to continue running; a trade that hasn't is closed there and then. Nothing is held on hope. A separate hard time limit closes anything still open beyond the maximum hold, so positions do not drift.
Three independent protections sit underneath all of that. A floating-loss circuit breaker closes any single position that moves too far against the account, regardless of where its stop sits. A position-size ceiling limits how large any trade can become as the account compounds. And a built-in economic calendar flattens open positions and blocks new entries in a window either side of scheduled high-impact releases, so the bot is flat through the events that produce the worst spreads.
Sizing is fixed-fractional. You set one number — risk per trade as a percentage of balance — and the bot calculates the volume for every trade from that and the setup's own stop distance. Position size grows as the account grows and shrinks when it draws down, automatically. The system also reduces size of its own accord after unusually fast gains, on the basis that the conditions that produced them rarely persist.
It calibrates itself to your broker. Gold is quoted differently across brokers, and volume limits differ too. At startup the bot reads your symbol's specification, resolves its own price geometry from it, and scales its position ceiling so the risk profile matches the tested configuration rather than inheriting whatever your broker happens to set. It prints what it found in one line so you can confirm compatibility before you trade.
It arrives ready. On the first run the bot loads several thousand bars of history and calibrates its filters from them before taking a single trade. There is no learning-in period and no stretch of degraded behaviour while it settles.
Running two at once. You can run a second instance at a different risk level on the same account. Each must be given its own order label so the two manage only their own positions — the setting is the first thing in the parameter list and the bot prints the active label at startup.
What you'll see. Long quiet stretches, then a cluster of activity. Most trades resolve within a few hours. Winners are typically larger than losers rather than more frequent — the system is built around letting proven trades run and cutting unproven ones quickly, which means a win rate near the middle and a profit factor well above one. Losing days and losing weeks are normal and expected.
Requirements. cTrader, XAUUSD, H1. A low-commission gold feed materially affects results — execution cost is the single largest external factor on this system, more than any setting inside it.
Recommedations. We reccommend using Pepperstone as the broker
Ringkasan
Each trade is protected by a stop loss set dynamically based on the setup’s structure, with no use of martingale, grid, or averaging strategies. The bot manages trades according to a fixed schedule: it reviews open positions after a set number of candles to either move stops to protect profits or close unproven trades, with a hard time limit to avoid prolonged exposure.
Risk management includes a floating-loss circuit breaker, position size limits, and an integrated economic calendar that avoids trading around high-impact news events. Position sizing is fixed-fractional, adjusting automatically with account balance and recent performance. The bot calibrates itself to the broker’s symbol specifications at startup to ensure consistent risk profiles.
King Of Gold supports running multiple instances with different risk levels on the same account and is recommended for use with Pepperstone broker. It requires a minimum balance of $500 and is suitable for day trading with medium trade frequency.
