# Gold Channel Rider

Automated trading strategy for XAUUSD based on breakout from multi-day channels with adaptive stop loss and take profit.

Canonical: https://prismaticalgos.com/compendium/algo/7324-gold-channel-rider
Record ID: 7324
Catalog rank: 604 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/market/product/195647
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: XAUUSD, GOLD, XAUUSD.m
- timeframes: H1
- sessions: broker's real Friday close, weekend close
- market_regime: trending

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- price breaks above the 5-day, 10-day, or 20-day channel
- price breaks above the 20-day channel with trailing stop

## Recorded short-entry rules

- price breaks below the 5-day, 10-day, or 20-day channel
- price breaks below the 20-day channel with trailing stop

## Recorded exit rules

- stop loss and take profit are placed in ATR units, with trailing stops on some strategies

## Recorded filters

- trend filter based on 120-day gold's move
- news filter: no separate one
- max spread 2.0 pips

## Risk controls

- Stop loss: 8 ATR for S1, 4 ATR for S2 and S3, 8 ATR for S4
- Take profit: 16 ATR for S1 and S4, 8 ATR for S2 and S3
- Position sizing: risk % of balance, or fixed lot