Demo version on demo account here https://ctrader.com/products/314

Dragonscalping Pro cBot - Description

Dragonscalping Pro is an automated trading robot (cBot) designed for the cTrader platform. It is a scalping EA (Expert Advisor) that combines price momentum, RSI filter, and an aggressive volume management system (Martingale/Grid element) to capture quick profits from short-term market movements.

Key Features

• Trend & Momentum Entry: It triggers trades based on the close price comparison of the last two candles combined with the Relative Strength Index (RSI) on the H1 timeframe to avoid overbought/oversold traps.
• Dynamic Lot Sizing (AutoLot): Automatically scales the trading volume according to the account balance growth.
• Position Multiplier (Grid/Martingale): If a trade goes against the market, the robot dynamically increases the position size based on a predefined multiplier and spacing.
• Equity Risk Protection: Built-in drawdown protection that automatically closes all positions if the floating loss exceeds a set percentage of the account equity.
• Spread Filter: Protects your capital by preventing trade execution during high volatility or periods of low liquidity when spreads widen.

Input Parameters Description

• Lots (Default: 0.01): The initial trade volume.
• AutoLot (Default: True): When enabled, the bot automatically recalculates the lot size proportionally based on the current balance relative to the initial balance.
• TakeProfitPip (Default: 9): Target profit in pips for monetary calculation to close the positions.
• UseEquityStop (Default: True): Toggles the account equity protection on/off.
• TotalEquityRisk (Default: 20.0): The maximum allowable drawdown percentage. If the floating loss reaches this percentage of the balance, all trades are forcefully closed.
• PipStep (Default: 30): The minimum distance in pips against the position before the volume multiplication is triggered.
• LotExponent (Default: 1.3): The multiplier coefficient applied to increase the volume when a position is in drawdown.
• Label (Default: "Dragon scalping"): Custom identifier label for the cBot's trades.
• Max Spread (Default: 2): Maximum allowable spread. The robot stays idle if the market spread exceeds this value.

How It Works (Trading Logic)

1. Market Analysis: On every tick, the bot checks if the current spread is within the MaxSpread limit. It analyzes the closing prices of the last two bars and fetches the 14-period RSI from the Hourly (H1) timeframe.
2. Order Execution:
3. • BUY: Triggered if the previous candle closed higher than the candle before it (high1 > high2) and the H1 RSI is above 30.
   • SELL: Triggered if the previous candle closed lower than the candle before it (high1 < high2) and the H1 RSI is below 70.
3. Order Modification & Management:
4. • If a position falls into a loss greater than PipStep, the bot multiplies the volume of that position by the LotExponent to average the entry cost.
   • Once the position's net profit meets or exceeds the target profit (_profit), it is immediately closed.
4. Safety Guard: The StopOrder() method continuously monitors equity. If the negative floating equity exceeds the TotalEquityRisk percentage, the bot executes an emergency CloseAll() function to prevent a margin call.