"Hammer and Shooting Star Strategy (Made with AlgoBuilderX)" logo
Hammer and Shooting Star Strategy (Made with AlgoBuilderX)
"Hammer and Shooting Star Strategy (Made with AlgoBuilderX)" uploaded image
"Hammer and Shooting Star Strategy (Made with AlgoBuilderX)" uploaded image
"Hammer and Shooting Star Strategy (Made with AlgoBuilderX)" uploaded image
"Hammer and Shooting Star Strategy (Made with AlgoBuilderX)" uploaded image
31.75K
Free installs

// 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: The strategy, detects the "Hammer" and "Shooting Star" candlestick pattern based on the values that are parameterizable. The strategy uses a fixed Take Profit and Stop Loss level.

Buy trigger: When a Hammer is formed and the RSI is oversold.
Sell trigger: When a Shooting Star forms and the RSI is overbought

 

Parameters:

*Signal Shadow Multiplication:
For a Hammer pattern, the lower shadow must be at least "x" times the size of the candle body (e.g., if the body is 3 pips, the lower shadow must be at least 9 pips).
For a Shooting Star, the upper shadow must be at least "x" times the size of the candle body.

*Max Slippage Shadow Pips:
For a Hammer, the upper shadow represents slippage, and for a Shooting Star, the lower shadow represents slippage.


NEW CANDLE PATTERN BLOCK! Automatically identify preset patterns or create your own custom pattern!
 

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.

Trading profile
0.0
Reviews: 0
Customer reviews
No reviews for this product yet. Already tried it? Be the first to tell others!
Signal
RSI
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.

More from this author

Auto-entry at Fibonacci levels, fully customizable with advanced risk management features.
This day trading strategy uses RSI and ADX with 4 TP levels, break-even, and customizable position management.
AlgoBuilderX makes cBot creation easy – build and automate your trading strategies on cTrader with zero programming.
Auto-detects bullish/bearish engulfing patterns with fixed take profit and stop loss for powerful, simple trading.
This strategy is tailored for Prop Firm accounts, featuring automated risk management to prevent breaching loss limits.
The strategy identifies order blocks from impulsive moves, opening trades with fixed stop loss and take profit.
This strategy opens trades when Fair Value Gaps are filled, using grid management and an equity SL for risk control.
This strategy is based on the Alligator indicator and has 4 levels of Take Profit.
Prop Firm bot using Parabolic SAR for trends, opening hourly trades with grid management and tight risk control.
The strategy uses EMA crossovers (Golden/Death Cross) on a 1H timeframe, opening 4 trades at a time for forex entries.
This strategy opens trades at the previous day's high/low with dynamic stop loss and risk management based on equity.
This strategy opens grid trades based on Bollinger Bands and RSI, with customizable settings and strong risk management.

You may also like

AI Knights of the Round allows seamless switching between free and paid models, and supports backtesting AI performance
Note on the Trial Version This version of the bot is a limited trial and will only work on Demo accounts for 15 days
A smart automated trading robot for cTrader based on Moving Average crossover + RSI confirmation
1.5
Profit factor
6%
Max drawdown
GALAXY XAUUSD SCALPER Trial DAY 15
🔥 "Ride the Big Moves. Recover the Bad Ones. Repeat." Turn Trends into Profit & Losses into Comebacks — Automatically!
Bot is based on Price Action strategy to open & manage orders. It is effective capital management and high profitability
Intelligent system, Available any instrument. Profit 12. Drawdown 1%
Unlock the Power of Ichimoku with Our Advanced Trading Bot!
Ai_ScalperPro Max is a sophisticated automated trading robot designed specifically for gold (XAUUSD) trading
Faster Profits, Please Use Default Setting Before Running an Optimisation Feature!! ENJOY and Have FUN
11.2%
4
Profit factor
24%
Max drawdown
TraderAI: Trading and Advisor Ai Assistant, Leveraging Machine Learning and State-of-the-Art Large Language Models LLMs
CRT Trading_bot
QuantumLimit - XAUUSD/BTCUSD - up to 100 000 %+ cumulative ROI
// EUR/USD - 4H TIMEFRAME // 5 YEARS BACKTEST, PROFIT 570 USD, DRAWDOWN MAX 118 USD
last test
FREE TEST UNTIL 07.02.25 - profitable since 01.01.2020 with average 15% per Month
31.75K
Free installs