Trading product for Prop Firm Strategy (Made with AlgoBuilderX) cBot Prop Grid, image 1
cBot
2.65K downloads
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
Trading product for Prop Firm Strategy (Made with AlgoBuilderX) cBot Prop Grid, image 2
Trading product for Prop Firm Strategy (Made with AlgoBuilderX) cBot Prop Grid, image 3
Trading product for Prop Firm Strategy (Made with AlgoBuilderX) cBot Prop Grid, 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!


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


Through this example cBot (fully functional on a demo account), we wish to demonstrate to you the potential of AlgoBuilderX. We want to show you how you can create risk management conditions and parameters to develop your own customized strategy, ideal for use within Prop Firms.

 

Strategy: This cBot takes advantage of the signals generated by the TRIX indicator. When there are no trades and the value of TRIX is greater than the "TRIX Buy Trigger" parameter, a long position is opened. When the value of TRIX is less than the "TRIX Sell Trigger" parameter, a short position is opened. A position is opened at each new candle of the current timeframe (if there are no trades already running).

The open position is managed with a grid strategy.


You can set an equity stop loss level, an equity target, and a daily target. When one of these targets is reached, the cBot stops opening position, and will restart based on the time entered in the "Start Trade Again At" parameter.

The default parameter values are based to run it on XAUUSD.

 Note: Time value is always in Local Time


Create your cBot now in an easy and intuitive way!
Try AlgoBuilderX now, no registration required.

 

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
Prop Firm Strategy (Made with AlgoBuilderX) is an automated trading robot (cBot) designed for use on demo accounts to demonstrate the capabilities of AlgoBuilderX, a drag-and-drop tool for creating custom trading algorithms on the cTrader platform. This example strategy uses the TRIX indicator to generate trade signals: it opens long positions when TRIX exceeds a configurable buy trigger and short positions when TRIX falls below a sell trigger, initiating trades at each new candle if no positions are open. Open positions are managed using a grid strategy. The cBot includes configurable risk management parameters such as equity stop loss, equity target, and daily target; upon reaching these limits, it halts new trades and resumes trading based on a set restart time. Default settings are optimized for trading XAUUSD (gold). This cBot serves as a demonstration of how to build and customize strategies with risk controls suitable for proprietary trading firms. It is not optimized for live trading and is intended as a starting point for strategy development and testing within the AlgoBuilderX environment.
Trading profile

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Discussion

FAQ

Prop
Grid
XAUUSD
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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