BASIC us500 SHORT 35% is an advanced automated trading bot designed for the cTrader platform, focused on short positions in the US500 index. It combines several technical indicators: the 200-period Exponential Moving Average (EMA) to identify the dominant trend, a 14-period Cyclic Relative Strength Index (RSI) to detect market phases, and the average price distance from the EMA to determine optimal entry points. The bot incorporates position control mechanisms to manage risk effectively.
Performance testing from February 7, 2024, shows a profit of 35% on an initial capital of €100, with a maximum balance drawdown of 19.5% and maximum equity drawdown of 20.5%. The strategy emphasizes high precision by entering short trades only when clear market weakness is detected and maintains low drawdown through strict risk management.
Recommended settings include a 30-minute timeframe, a trade size of 0.001 lots for €100 capital, and leverage up to 200x. The bot is fully automated, requiring no manual intervention, and can be optimized for different instruments and markets upon request.
Users should note that past performance does not guarantee future results, and trading with leverage involves significant risk of capital loss. The bot has been backtested and live-proven using IC Markets.