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Trading product for Order Block Hedging Strategy (Made with AlgoBuilderX) cBot, image 1
Order Block Hedging Strategy (Made with AlgoBuilderX)
cBot
2.27K downloads
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
Reviews: 1
Trading product for Order Block Hedging Strategy (Made with AlgoBuilderX) cBot, image 2
Trading product for Order Block Hedging Strategy (Made with AlgoBuilderX) cBot, image 3
Trading product for Order Block Hedging Strategy (Made with AlgoBuilderX) cBot, image 4
32.3K
Free installs

Description

// This cBot was created with AlgoBuilderX
//
// AlgoBuilderX is a powerful tool for creating automated trading strategies on the cTrader platform.
// With an intuitive drag-and-drop interface, you can easily build and customize your own trading
// algorithms without any coding knowledge. Whether you're a beginner or an experienced trader,
// AlgoBuilderX offers a seamless experience for developing, testing, and deploying your very own cBot
//
// Visit algobuilderx to start building your own cBots today!


Strategy: The strategy identifies “order blocks” using the Price ROC (Rate of Change) indicator, which measures the percentage change in price over a given time interval. When a strong price movement occurs, the strategy identifies previous candles of the opposite color from the impulsive movement, thus identifying the order block. Next, a horizontal line is drawn on the chart, and when price reaches this line, the trade is opened. The strategy involves the use of a fixed stop loss and a take profit expressed as a percentage of the stop loss to ensure a fixed risk ratio.


Parameters: The Buy Sens and Sell Sens parameters determine the target value of the Price ROC. A higher value indicates a larger price change, so a high number will only identify order blocks prior to more impulsive movements, resulting in a smaller selection. Conversely, a lower value will identify less accurate order blocks associated with less significant movements. The same concept applies to the Sell Sens parameter, except that the value must be negative. The default parameters of 0.28 and -0.28 are optimized for movements on H1 timeframes, so it is recommended to run the bot on this timeframe.


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You can find the AlgobuilderX project for free in our Discord channel.

You will be able to import it into the AlgoBuilderX workspace, view it, edit it, or export it.

Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account

Summary

AI summary
This automated trading bot, created with AlgoBuilderX for the cTrader platform, implements an Order Block Hedging Strategy. It identifies "order blocks" by analyzing strong price movements using the Price Rate of Change (ROC) indicator, which measures percentage price changes over a set interval. The strategy detects previous candles of the opposite color to the impulsive move to define the order block and draws a horizontal line on the chart. Trades are opened when the price reaches this line. The bot uses fixed stop loss and take profit levels, with take profit set as a percentage of the stop loss to maintain a fixed risk ratio.

Key parameters include Buy Sens and Sell Sens, which set the target ROC values for identifying order blocks. Higher absolute values focus on more significant price movements, while lower values capture less pronounced moves. Default settings (0.28 for Buy Sens and -0.28 for Sell Sens) are optimized for the H1 (one-hour) timeframe, which is the recommended timeframe for running this bot.

This cBot serves as a demonstration example illustrating AlgoBuilderX’s capabilities and is intended as a starting point for custom strategy development. Users can import, view, edit, and export the project within AlgoBuilderX. Testing and optimization are advised before live deployment.
Trading profile

Customer reviews

5.0
Reviews: 1
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Customer reviews
May 16, 2025
Can you send an image to clearly show where the stop loss line is and the take profit line is?

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.

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