The Channel Breakout Scalper is an automated momentum strategy designed to capitalize on price volatility. By utilizing Bollinger Bands to define "normal" price ranges, the bot identifies high-probability breakout opportunities when price breaches these boundaries.

Key Features

• Volatility-Adaptive: Uses Bollinger Bands to dynamically adjust entry points based on market expansion and contraction.
• Daily Safety Logic: Features a hard daily profit target and loss limit to prevent over-trading and protect your capital.
• Zero VPS Needed: Optimized for cTrader Cloud, allowing you to run the bot 24/7 without external hosting.

Technical Specs

• Strategy Type: Scalping / Breakout
• Indicators: Bollinger Bands (Adjustable Period and MA Type)
• Risk Management: Daily Gain Limit ($) and Daily Loss Limit ($)
• Recommended Timeframes: 1m, 5m, or 15m
• Asset Compatibility: Optimized for high-liquidity Forex pairs (XAUUSD, EURUSD, GBPUSD).

How to Use

1. Set your Lot Size according to your account balance.
2. Define your Daily Gain Limit (e.g., $20) and Daily Loss Limit (e.g., $10).
3. Adjust the Bollinger Period (Default: 20) to suit the volatility of your chosen symbol.