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Trading product for Daily Breakout and Trailing Stop (Made with AlgoBuilderX) cBot, image 1
Daily Breakout and Trailing Stop (Made with AlgoBuilderX)
cBot
757 downloads
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
Reviews: 1
Trading product for Daily Breakout and Trailing Stop (Made with AlgoBuilderX) cBot, image 2
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!

 

This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

 

The strategy involves drawing two horizontal lines, one at the high and one at the low of the previous day. When the price reaches the line corresponding to the high of the previous day, a buy position is opened with a stop loss set at the low of the day. Similarly, if the price touches the line of the low of the previous day, a sell position is opened with a stop loss set at the high of the day. In order to ensure more accurate risk management, the "Risk % Equity" parameter was implemented, allowing the loss to be limited to a set amount, despite the dynamism of the stop loss.


The parameters are as follows:

• Take Profit: Sets a take profit level in pips.
• Risk % Equity: The opening lot is calculated based on the percentage entered here and the stop loss distance.
• Trailing Step: Indicates after how many pips, the stop loss is moved
• Trailing Stop: Indicates how many pips away from the current price the stop loss is to be moved

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 cBot, created with AlgoBuilderX for the cTrader platform, demonstrates a daily breakout trading strategy using the previous day's high and low levels. It automatically draws two horizontal lines at these levels and opens buy positions when the price reaches the previous day's high, setting the stop loss at the previous day's low. Conversely, it opens sell positions when the price hits the previous day's low, with the stop loss at the previous day's high. The bot incorporates dynamic risk management by calculating the opening lot size based on a user-defined percentage of equity and the stop loss distance. Key adjustable parameters include Take Profit (in pips), Risk % Equity (to control position sizing), Trailing Step (the pip interval for moving the stop loss), and Trailing Stop (the distance in pips to maintain the stop loss from the current price). This cBot is intended for demonstration on demo accounts only and serves as an example of AlgoBuilderX’s capabilities for building automated trading strategies without coding. Users should thoroughly test and optimize any strategy before live deployment.
Trading profile

Customer reviews

4.0
Reviews: 1
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Customer reviews
November 20, 2025
Daily Breakout & Trailing Stop is a calm, extremely low-frequency breakout tool. It trades cleanly off previous-day highs/lows and manages positions safely with a conservative TS. Don’t expect fireworks - the strategy is slow, steady, and barely active. Profit is small but stable, and the bot behaves predictably. Good for passive, long-horizon setups, but not a performer if you want consistent weekly gains.

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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