Petra Oil Breakout is an automated trading robot designed exclusively for WTI and Brent crude oil symbols on the cTrader platform. It employs a session box breakout strategy, forming a price range during predefined trading sessions (Tokyo, London, New York, or custom times) and placing pending stop orders to enter trades when price breaks above or below this range with a configurable offset.
Key features include:
- Oil-specific focus to capture crude market behavior.
- Classical breakout logic with directional control (buy only, sell only, or both).
- Unified stop loss and take profit settings with multiple modes (box-based, fixed pips, or risk-reward ratio).
- Entry filters such as max spread and minimum/maximum box range to ensure trade quality.
- Flexible position sizing options: fixed lots, risk percentage of equity, or margin percentage.
- Order management with pending order expiry and automatic cancellation after session end.
- Risk guardrails including maximum floating drawdown, minimum free margin, and equity drawdown stops.
Backtested on IC Markets tick data with 1:100 leverage, it demonstrated up to +136% monthly return over one month using fixed position sizing. The system is designed for day trading with low trade frequency and emphasizes transparent, disciplined trading without grid or martingale techniques. It supports demo and live accounts for full operation and includes a free test mode for backtesting and optimization. Recommended minimum balance is $300 with 1% risk per trade.