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Trading product for Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX) cBot Prop Grid, image 1
Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX)
cBot
828 downloads
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
Trading product for Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX) cBot Prop Grid, image 2
Trading product for Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX) cBot Prop Grid, image 3
Trading product for Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX) cBot Prop Grid, image 4
Trading product for Prop Firm cBot V2 - Parabolic SAR (Made with AlgoBuilderX) cBot Prop Grid, image 5
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 strategy uses the Parabolic SAR to identify the direction of the trend. If there are no open trades already, it opens one trade per hour based on the position of the Parabolic SAR. The strategy, having a tight take profit, is designed to have a high winrate.

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.

 

Parameters:

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 cBot V2 is an automated trading bot designed for use on demo accounts within the cTrader platform, created using AlgoBuilderX’s drag-and-drop interface. It employs the Parabolic SAR indicator to identify trend direction and opens one trade per hour when no positions are open. Trades are managed using a grid strategy with a tight take profit to aim for a high win rate. The bot includes configurable risk management parameters such as equity stop loss, equity target, and daily target. When any of these thresholds are reached, the bot pauses trading and resumes based on a user-defined restart time. Default settings are optimized for trading XAUUSD (gold). This cBot serves as a demonstration of AlgoBuilderX’s capabilities for building, testing, and customizing trading algorithms without coding knowledge, especially for prop firm strategies. Users can import, view, and modify the project within AlgoBuilderX. It is recommended to thoroughly test and optimize any strategy before live deployment.
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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