SNR Engulfing Pattern Bot
cBot
616 downloads
Version 1.0, Jan 2025
Windows, Mac, Mobile, Web
4.3
Reviews: 3
Since 01/10/2024
616
Free installs
Description
FYI: This cBot has had over 600+ installs since June 2024 before migration to the cTrader Store.
Key Features:
- Support and Resistance Levels: The bot allows you to define initial support and resistance levels. These levels are crucial as they help determine entry points based on price action.
- Bullish and Bearish Engulfing Patterns: The bot identifies bullish and bearish engulfing candlestick patterns. A bullish engulfing pattern is identified when a larger bullish candle completely engulfs the previous smaller bearish candle, while a bearish engulfing pattern is identified when a larger bearish candle completely engulfs the previous smaller bullish candle.
- Order Placement: Upon identifying an engulfing pattern near the defined SNR levels, the bot places limit orders. For a bullish engulfing pattern, buy limit orders are placed just above the high of the bearish candle, and for a bearish engulfing pattern, sell limit orders are placed just below the low of the bullish candle.
- Additional Orders: The bot can place a series of additional limit orders spaced apart by a specified number of pips from the initial order, allowing for scaling into positions.
- Risk Management: Each order includes a configurable stop loss and take profit to manage risk effectively.
Summary
AI summary
The SNR Engulfing Pattern Bot is an automated trading robot designed for the cTrader platform that executes price action strategies based on support and resistance (SNR) levels and engulfing candlestick patterns. Users can define initial support and resistance levels to guide the bot’s entry points. The bot detects bullish engulfing patterns—where a larger bullish candle fully engulfs a smaller bearish candle—and bearish engulfing patterns—the opposite scenario. Upon identifying these patterns near the specified SNR levels, it places limit orders: buy limits just above the high of the bearish candle for bullish signals, and sell limits just below the low of the bullish candle for bearish signals. The bot supports placing multiple additional limit orders spaced by a configurable number of pips to scale into positions. Each order includes configurable stop loss and take profit settings to manage risk effectively. This bot operates primarily on technical analysis principles and is suited for day trading with a high trade frequency. It supports market and limit order types and is optimized for use on 15-minute chart resolutions. The recommended minimum balance for operation is $100, with a risk per trade set at 5% and a daily drawdown limit of 20%.
Trading profile
Trading style
Day trading
Strategy type
Trend
Analysis type
Technical
Trade frequency
High
Min recommended balance
$100
Risk per trade
5%
Chart period
15 minutes
Backtesting leverage
1:1000
Daily drawdown limit
20%
Prop firm rule fit
—
Risk management
Supported order types
Market
Limit
Customer reviews
4.3
Reviews: 3
5 | 67 % | |
4 | 0 % | |
3 | 33 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
May 21, 2026
SNR Engulfing Pattern Bot combines real engulfing-pattern detection with layered limit-order execution around support and resistance zones. The runtime is stable and the logic is deterministic, but the strategy behaves closer to a soft-grid averaging system than a pure price-action setup. Default risk exposure on XAUUSD appears aggressive, and long-term robustness depends heavily on optimization and strict risk control.
September 23, 2025
That thing is a beast man. On XAUUSD, high risk, no SL, a complete beast.
May 23, 2025
Discussion
FAQ
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
Price
Since 01/10/2024
616
Free installs