PULLBACK ENTRY: SMARTER BREAKOUT TRADING
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Don't chase breakouts - let price come to you!
This bot automates the classic "breakout + pullback" strategy that professional traders use:
1. Wait for price to break a key level (confirming momentum)
2. Enter on the pullback/retracement (better price, tighter stop)
Why Pullback Entry?
- Avoid false breakouts by waiting for confirmation
- Get better entry prices than chasing the breakout
- Tighter stop losses = better risk/reward ratio
- No need to watch charts 24/7 - bot handles execution
How It Differs from Native Stop-Limit:
cTrader's stop-limit:
- Triggers limit order when price hits stop level
- Entry at or near the trigger price
PullbackEntry:
- Waits for breakout confirmation (BRK line)
- Places limit order at pullback level (ENT line)
- Catches the retracement for optimal entry
KEY FEATURES
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[Powerful Visual Planning]
- Drag-and-drop lines directly on chart: BRK (breakout), ENT (entry), SL (stop loss), TP (take profit)
- Real-time preview showing pips, dollars, and lot size for each level
- Smart constraints prevent illogical line positions (e.g., SL above entry for Buy)
- Auto-adapting colors for light/dark chart backgrounds
- State preservation when switching timeframes
[Complete Position & Risk Management]
Three professional position sizing modes:
- Fixed Lots: Trade a constant lot size you specify
- Equity %: Size based on percentage of account equity
- Risk %: Calculate lots based on stop loss distance and your risk tolerance
Combined with customizable Stop Loss and Take Profit, you get complete control over position sizing and risk protection.
[Flexible Direction]
- Buy: Wait for upward breakout
- Sell: Wait for downward breakout
- Both: Auto-detect direction based on price position
WHY CHOOSE THIS BOT?
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Unlike basic limit order tools, this bot offers:
- Visual drag-and-drop planning (not just input boxes)
- Breakout-triggered logic (different from native cTrader stop-limit)
- 3 position sizing modes in ONE tool
- Real-time P&L preview before trade triggers
- Integrated SL/TP with smart constraints
All-in-one solution. No need for multiple separate tools.
HOW IT WORKS
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1. Set your trade direction and risk parameters
2. Drag the BRK line to your breakout level
3. Adjust ENT (entry), SL, and TP lines as needed
4. Bot monitors price and places limit order when breakout occurs
5. Delete BRK or ENT line anytime to cancel
FREE VERSION
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This is the FREE single-group edition - perfect for traders who need one breakout setup at a time.
Need more power? Upgrade to "PullbackEntryPro" for:
- Multiple simultaneous order groups
- Independent settings per group
- Visual group connectors and labels
- Scale-in and bracket order strategies
REQUIREMENTS
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- Works on all symbols and timeframes
- No external dependencies
- AccessRights: None (safe, no external access)
VERSION INFO
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Version: 1.0.0
Author: efem2000
License: Freeware
