SparrowBot-FreeTrial-V2 is an automated trading bot designed to generate buy and sell orders based on three specific technical indicators. It integrates algorithmic trading strategies that follow predefined rules derived from these indicators, statistical analysis, or their combination. The bot operates using the OnBar() function, initiating actions after the completion of each new candle.
For backtesting, it functions exclusively in Visual Mode. Users should note that changing the chart timeframe while the bot is running may cause it to restart, potentially closing open trades. It is advised to test the bot in a demo environment or with minimal capital.
The bot supports indicators such as RangeBox, OrderPrice, MACD, and Stochastic, which appear correctly during tests. However, the moving average indicator does not display automatically and should be added manually from the cTrader platform’s available indicators.
This product was offered as a 30-day trial and is no longer supported or under development. It is compatible with commodity markets and utilizes MACD among its momentum indicators. Users are encouraged to review related tools like FiboTrend-Pro, RangeBoxFibonacci, and OrderPrice-V3 for complementary functionality.