Zscore Momentum
Is an intelligent automated trading system designed to recognize the current market phase and adapt its strategy in real time.
Through a combined analysis of Z-Score, ATR, ADX, Bollinger Bands, and Moving Averages, the bot classifies the market environment into three operational levels:
High: when the market is in strong directional momentum, pushing decisively in one direction.
Trend: when the market shows a clear and sustained directional movement.
Range: when price moves sideways and has not yet decided on a direction.
Zscore Momentum adapts its trading logic and risk/profit settings automatically according to current market conditions
At the core of the algorithm lies the Z-Score calculation, a statistical measure that evaluates how far the current price deviates from its mean.
This allows the bot to identify situations of volatility expansion or compression and to anticipate potential acceleration or reversal points.
All trades are managed with dynamic stop loss and take profit levels calculated from the ATR, constantly adjusting risk according to current volatility.
In “High” mode, the system can automatically perform a 50% partial close once a predefined profit threshold is reached, locking in gains and reducing exposure.
Zscore Momentum is designed for the H1 and H4 timeframes and the EURUSD pair.
Customizable Parameters
High Trade Risk Management
- HighTakeProfitX: ATR multiplier for calculating take profit in “High” phases. Higher values set a wider target.
- HighStopLossX: ATR multiplier for calculating stop loss in “High” phases. Higher values allow greater tolerance to pullbacks.
- ClosePartialHigh: enables (Yes) or disables (No) the partial close function for “High” trades.
- %OfLotsClosePartial: percentage of the trade volume to close when the partial close is triggered. For example, 50 means half the position will be closed.
- HighProfitForPartial: defines the profit threshold (as a fraction of total TP) at which the partial close is executed.
Example: with a TP of 90 pips and a value of 3, the partial close occurs at 30 pips profit.
Trend Risk Management
- TrendStopLossX: ATR multiplier for calculating stop loss during “Trend” phases.
- TrendTakeProfitX: ATR multiplier for calculating take profit during “Trend” phases.
Range Risk Management
- RangeStopLossX: ATR multiplier for calculating stop loss during “Range” phases.
- RangeTakeProfitX: ATR multiplier for calculating take profit during “Range” phases.
Time Filter
- Start Hour Filter: defines the hour at which the bot starts trading (24h format). Trades are opened only after this time.
- End Hour Filter: defines the hour at which the bot stops opening new positions.
Lot Management
- Fixed Lots: fixed trade volume for each operation.
Future versions will allow different lot sizes for High, Trend, and Range trades.
Create your cBot now in an easy and intuitive way!
Try AlgoBuilderX now, no registration required.
You can find the AlgobuilderX project for free in our Discord channel.
You will be able to import it into the AlgoBuilderX workspace, view it, edit it, or export it.
Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.
