The cTrader Profit Defender is a cBot designed to protect your profits on cTrader. It offers three trailing stop strategies—Pip Levels, Big Bars, and Take Profit Percentage—to manage positions effectively. You can run it locally on your computer or on the cTrader Cloud. The cBot supports alerts via cTrader pop-ups, email, or Telegram (with optional chart screenshots).
Key Features:
- Three Trailing Stop Strategies: Pip Levels, Big Bars, and Take Profit Percentage.
- Single or Multi-Symbol Management: Manage one symbol or all account positions with a single cBot instance.
- Flexible Alerts: Receive notifications via pop-ups, sound, email, and Telegram (text or image).
- Local & Cloud Usage: Works both locally and on cTrader Cloud (note: alerts work only when running locally).
Version 1.2 Updates:
- New Trailing Stop System: "Take Profit Percentage" allows configuring the trailing stop based on percentages of the distance from the entry to the take profit.
- cTrader Cloud Compatibility: The cBot can run on the cTrader Cloud, protecting your trades even when your computer is off.
- Enhanced Telegram Alerts: Now uses Imgur to generate screenshots with better image quality, eliminating the need for elevated permissions (a requirement for cTrader Cloud).
- User Guide Access: A new button on the chart provides quick access to the cBot's user guide.
Pip Levels Strategy:
This strategy offers four basic levels and an additional level that incrementally adds to the trigger and protection levels. For example, if the last trigger was 50 pips and "Add to Trigger" is set to 10, the next trigger will be 60 pips, then 70, and so on. The same applies to the protection level. Ensure that protection levels are not set to fractional values smaller than the symbol allows, as some symbols, like XAUUSD, only accept integer values.
Big Bars Trailing Stop:
This strategy calculates the average size of recent bars and compares it to the last closed bar. If the most recent bar is significantly larger than the average (e.g., 1.5 times larger), it's considered a "big bar." For an open buy position, the cBot watches for big bull bars. If the trade is in profit and a big bull bar is detected, the stop loss moves just below the low of that bar, plus a user-defined number of pips ("Add Pips to Stop") to provide some buffer.
Take Profit Percentage Trailing Stop:
This feature gradually moves the stop loss as the price approaches the take profit (TP) level, locking in profits along the way. You can set up to four trigger levels, each paired with a protection level. When the price reaches a trigger, the stop loss adjusts to the corresponding protection percentage, securing profits if the market reverses. After the final trigger, you can choose to use cTrader’s trailing stop to follow the price closely, with the option to remove the TP to capture larger profits if the trend continues.
Alerts:
The cBot offers various alert options, including sound, pop-up, Telegram, and email notifications. You can customize which types of alerts you want to receive.
For a visual overview and more details, you can watch the following video:
