// 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.
Strategy: We took as an example the "Range Bar Strategy" published by Spotware and optimized it to the candlestick chart.
We defined additional conditions such as the length of the shadows and applied a Martingale Strategy.
Buy Trigger: The red candle must have a top shadow but no bottom shadow. The green candle must not have a top shadow but must have a bottom shadow.
The green candle must open at the close of the red candle. The green candle must close above the opening of the red candle.
Sell Trigger: The green candle must not have a top shadow but must have a bottom shadow. The red candle must not have a lower shadow but must have a higher shadow.
The red candle must open at the close of the green candle. The red candle must close below the opening of the green candle.
You can find the project of this strategy for free inside our discord channel!
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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.
