TALON Gold Scalper is a cBot designed for trading XAUUSD (Gold) with a focus on short-term intraday price movements. It employs nine independent internal modules that analyze multiple timeframes and market conditions to generate precise entry signals without relying on grid or martingale methods. The bot operates independently of the chart timeframe and uses fixed Stop Loss orders combined with dynamic Trailing Stops for trade management.
Key features include simple setup requiring only basic risk level configuration, multi-timeframe trend alignment, volatility-based scalping, institutional activity price imbalance trading, hourly pattern exploitation with spread and volatility filters, mean reversion strategies, micro-level trend reversal detection, multi-timeframe trend confirmation, candlestick pattern recognition, and momentum candle retracement entries. The system is designed to control drawdown and avoid overtrading, incorporating spread and slippage filters to adapt to broker constraints.
TALON Gold Scalper supports market orders and fixed risk percentage or fixed lot sizing, with a recommended minimum balance of $300 and a maximum drawdown limit of 6.3%. It is optimized for use with Pepperstone broker and VPS environments to reduce latency. Backtesting covers over two years, showing a profit factor of 3.96 and an estimated ROI of 166%. The bot targets medium trade frequency and an aggressive scalping style.