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Trading product for d8_ss1 cBot Forex Indices, image 2
Trading product for d8_ss1 cBot Forex Indices, image 3
Since 13/10/2024
162
Free installs

Description

Summary

AI summary
This trading bot places a single order based on the high and low prices of a specified candle bar. For long (buy) orders, the entry price is set at the candle's high plus a configurable pip buffer and spread, with the stop loss placed at the candle's low minus the pip buffer. For short (sell) orders, the stop loss is set at the candle's high plus pip buffer and spread, while the entry price is at the candle's low minus the pip buffer. The order volume is calculated to risk a predefined amount of the account’s base currency if the stop loss is hit. The take profit level is set relative to the risk amount, allowing for adjustable reward-to-risk ratios. The bot determines order type as Stop or Limit based on current price relative to entry price. It executes the order immediately and then terminates without further position management. Parameters include trade side (long or short), bar index to select which candle’s high/low to use, units of risk, take profit multiplier, and pip buffer. Users should test the bot on demo accounts to ensure it meets their requirements. Supported markets include Forex and Indices.
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FAQ

Forex
Indices
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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Since 13/10/2024
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