Trading product for Fibonacci Strategy (Made with AlgoBuilderX) cBot, image 1
cBot
7.78K downloads
Version 1.0, Oct 2024
Windows, Mac, Mobile, Web
5.0
Reviews: 1
Trading product for Fibonacci Strategy (Made with AlgoBuilderX) cBot, image 2
Trading product for Fibonacci Strategy (Made with AlgoBuilderX) cBot, image 3
Trading product for Fibonacci Strategy (Made with AlgoBuilderX) cBot, 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.

 

Strategy: At midnight, the strategy sets an entry point at the previous day's Fibonacci level, which can be configured via parameters. It also graphically draws the previous day's lows and highs. When the current price crosses the Fibonacci level, a long position is opened if the previous daily candle is bullish, otherwise a short position. Then, you can manage the trade with careful risk management, including a fixed take profit, fixed stop loss, various advanced take profit levels and breakeven setting.

All values are customizable, including the Fibonacci level.

 

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
Fibonacci Strategy (Made with AlgoBuilderX) is an automated trading bot designed for use on demo accounts within the cTrader platform. The strategy sets an entry point at the previous day's Fibonacci level at midnight, which is fully customizable through parameters. It visually displays the previous day's high and low prices on the chart. When the current price crosses the Fibonacci level, the bot opens a long position if the previous daily candle was bullish; otherwise, it opens a short position. Trade management includes fixed take profit and stop loss levels, multiple advanced take profit options, and a breakeven setting to support risk management. All configurable values, including the Fibonacci level, allow users to tailor the strategy to their preferences. This cBot was created using AlgoBuilderX, a drag-and-drop tool for building, testing, and deploying trading algorithms without coding. The project is available for import, editing, and export within the AlgoBuilderX workspace. This bot serves as a demonstration example to illustrate AlgoBuilderX’s capabilities and is not optimized for live trading. Users are advised to thoroughly test and optimize any strategy before applying it to real accounts.
Trading profile

Customer reviews

5.0
Reviews: 1
5
100 %
4
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Customer reviews
August 18, 2025
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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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