1. Strategy Type and Trading Method

• Strategy Type: Automated Trend-following and Momentum Strategy.
• Trading Method: The bot utilizes a combination of moving averages (a base EMA smoothed via an SMA) to capture trend movements and momentum changes, integrated with a Relative Strength Index (RSI) filter to avoid overbought and oversold zones.

2. Entry Logic and Execution

• Trend and Momentum Identification:
• • The bot calculates smoothed EMA values (_emaSmooth) across recent bars to measure slope and momentum (currentEma - prevEma).
• Long Entry Conditions:
• • Momentum shifts from negative/zero to positive (prevMomentum <= 0 && momentum > 0).
  • The RSI indicator is not in the overbought zone (rsiVal < RsiOverbought).
  • Action: Close all existing short (Sell) positions and open a buy (Buy) market order with the specified volume.
• Short Entry Conditions:
• • Momentum shifts from positive/zero to negative (prevMomentum >= 0 && momentum < 0).
  • The RSI indicator is not in the oversold zone (rsiVal > RsiOversold).
  • Action: Close all existing long (Buy) positions and open a sell (Sell) market order with the specified volume.
• Execution Timing: Condition checking and order execution occur automatically at bar closure (OnBar), helping to filter out market noise.

3. Risk and Capital Management Principles

• Counter-Position Management: The bot automatically closes opposing positions before opening a new one (ClosePositions), preventing accounts from holding simultaneous conflicting Long and Short orders that cause locked-in or unhedged drawdowns.
• Automated Trailing Stop: Integrated Trailing Stop mechanism to lock in profits:
• • Trailing Stop (Pips): The distance in pips maintained from the current market price.
  • Trailing Step (Pips): The minimum price step required to update a new Stop Loss, optimizing profit securing during extended trends.
• Time Filter: Allows restricting trading hours within the day (StartHour to EndHour), helping the bot avoid low-liquidity sessions or periods with high slippage risk (such as late-night hours or session rollovers).

4. Main Trading Parameters

• EMA Settings:
• • EMA Period (Default: 50): Period for the base EMA.
  • Smoothing Period (Default: 10): Period for SMA smoothing.
• RSI Settings:
• • RSI Period (Default: 14): Period for RSI calculation.
  • RSI Overbought (Default: 70) / RSI Oversold (Default: 30): Thresholds for overbought/oversold filtering.
• Trade Settings:
• • Volume (Default: 1000 units): Trading volume per order.
• Trailing Stop:
• • Use Trailing Stop (True/False), Trailing Stop (Pips) (10), Trailing Step (Pips) (2).
• Trading Hours (Time Filter):
• • Use Time Filter (True/False), StartHour (8), EndHour (20).

5. Target Audience

• Trader Profile: Suitable for technical-system traders who prefer short-to-medium-term trend-following styles (Day Trading / Light Swing Trading) on the cTrader platform.
• Account Size: Adaptable to small and large accounts alike (though Volume parameters must be adjusted proportionally to account balance to maintain a safe leverage ratio).
• Experience Level: Suitable for both beginners (as the bot fully automates the strategy) and professional traders looking for an auxiliary signal-scanning tool.

6. Important Limitations and Usage Notes

• Choppy / Ranging Markets: Because the bot relies on moving average momentum changes, choppy markets lacking clear trends can produce false signals, resulting in frequent position reversals and accumulated transaction costs (spreads/commissions).
• Backtesting Required: Before deploying on a live account, traders must test the bot on a Demo account or via cTrader's cBacktest tool using their target asset and timeframe to optimize parameters properly.