Code Description: SimpleBreakoutTrailingBot
This code implements a Trading Robot (cBot) designed to execute a Simple Breakout Strategy with dynamic position management using a responsive Trailing Stop.
📝 Core Functionality
- Entry Strategy (Executed on
OnBar): - The bot checks if the current bar's closing price breaks above the high (
breakoutHigh) or below the low (breakoutLow) of a specified previous bar (BreakoutBarIndex). - If the closing price breaks the high, the bot executes a Buy order.
- If the closing price breaks the low, the bot executes a Sell order.
- The position is opened with an initial Stop Loss (
StopLossPips) and an optional Take Profit (TakeProfitPips).
- The bot checks if the current bar's closing price breaks above the high (
- Position Management (Executed on
OnTick): - The
UpdateTrailingStopfunction runs on every price change (OnTick) to monitor the position in real-time. - The Trailing Stop only activates once the position reaches the minimum profit threshold defined by
TrailingStartPips. - Once activated, the Stop Loss trails the market price by a constant distance (
TrailingStepPips), ensuring locked-in profit is continuously increased as the price moves favorably.
- The
In essence: This bot focuses on capturing price momentum from a simple bar breakout and dynamically managing risk and reward through a fast, continuous Trailing Stop.
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Breakout
XAUUSD
EURUSD
GBPUSD
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가입일 30/09/2025
