GOLDEN TURTLE v3.0 is a long-only trend-following cBot designed for trading Gold (XAUUSD) on the cTrader platform. It employs classic Turtle Trading principles, focusing on capturing sustained bullish trends through systematic, rule-based entries and risk management. The strategy uses exponential moving averages (EMA) for trend filtering and entry signals, opening new long positions when a fast EMA crosses above a slow EMA (Golden Cross) and price remains above a long-term trend EMA.
Risk is managed via ATR-based position sizing and stop losses, with dynamic stop adjustments that tighten but never widen. The cBot supports pyramiding, adding positions incrementally as the price advances by ATR multiples, allowing for scaling into strong trends while locking in profits. Positions are closed when the fast EMA crosses below the slow EMA, signaling trend weakness.
Key features include full parameterization for optimization, bar-based decision logic, and suitability for H1 and H4 timeframes. The cBot is optimized for trending market conditions on XAUUSD and is not intended for ranging or scalping environments. All risk parameters are adjustable to accommodate different account sizes and risk profiles.