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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.
