GJ-M5-Scalper-V1
cBot
225 downloads
Version 1.0, Jul 2025
Windows, Mac, Mobile, Web
1
Sales
1.74K
Free installs
Description
🧠 Strategy Overview
This is a scalping strategy designed for the GBP/JPY 5-minute chart, based on short-term trend-following logic with multiple technical indicators and strong risk management.
🔍 Technical Indicators Used
- RSI (Relative Strength Index) – for momentum filtering.
- SMA (Simple Moving Average) – for crossover signals and trend direction.
- EMA 200 – long-term trend confirmation.
- ATR (Average True Range) – for volatility assessment and SL/TP sizing.
- Bollinger Bands – for confirming market expansion or compression.
✅ Trade Conditions
📈 Buy Entry
- SMA slope is rising (
smaNow > smaPrev). - Price crosses SMA from below (bullish crossover).
- Scoring filter (3 or more of the following must be true):
- RSI between 40 and 65
- SMA increasing
- ATR above minimum threshold
- Price above EMA200
- Price above Bollinger Band main line
📉 Sell Entry
- Opposite of buy: falling SMA, bearish crossover, etc.
Other entry filters:
- Max spread must not be exceeded
- ATR must exceed 1.2 pips (for volatility confirmation)
- Not late Friday or during high-impact news (future API support planned)
- Stops trading after N consecutive losses
- Limits max open trades
⚙️ Trade Execution
- Stop Loss (SL) is based on
ATR * 1.5 - Take Profit (TP) uses either a fixed risk-reward ratio or minimum TP in pips
- Volume is calculated dynamically using account balance and risk percent per trade
📈 Position Management
- Break-even: SL moved to entry price when price reaches trigger level
- Trailing Stop: SL moves in steps as price progresses beyond a defined distance
- Max Holding Time: Closes trades after a fixed number of minutes
📊 Risk Controls
- Risk per trade is limited to a configurable percentage
- Trades are only placed if volume is above the broker’s minimum
- Tracks and limits consecutive losses
🎯 Summary
This cBot is a robust, rule-based scalping system that combines price action (crossovers), trend analysis, momentum filters, and volatility checks. It also includes dynamic position sizing, automated risk management, and protective trade lifecycle handling.
Summary
AI summary
GJ-M5-Scalper-V1 is an automated scalping bot designed for trading the GBP/JPY currency pair on a 5-minute chart. It employs a short-term trend-following strategy that integrates multiple technical indicators: RSI for momentum filtering, SMA for crossover signals and trend direction, EMA 200 for long-term trend confirmation, ATR for volatility assessment and stop loss/take profit sizing, and Bollinger Bands to confirm market expansion or compression.
Trade entries are triggered by SMA slope direction and price crossing the SMA, combined with a scoring filter requiring at least three conditions such as RSI range, ATR threshold, and price position relative to EMA200 and Bollinger Bands. Buy and sell entries follow symmetrical criteria based on trend and crossover signals.
Additional filters include maximum spread limits, minimum ATR for volatility confirmation, avoidance of trading late Fridays and during high-impact news (with planned API support), limits on consecutive losses, and maximum open trades.
Trade execution features ATR-based stop loss (1.5×ATR) and take profit set by risk-reward ratio or minimum pips. Position management includes break-even stop loss adjustment, trailing stops, and maximum holding time limits. Volume is dynamically calculated based on account balance and risk percentage.
Risk controls enforce configurable risk per trade, minimum trade volume, and consecutive loss tracking to halt trading after a set number of losses. The bot combines price action, trend analysis, momentum, and volatility checks with automated risk and trade lifecycle management.
Trade entries are triggered by SMA slope direction and price crossing the SMA, combined with a scoring filter requiring at least three conditions such as RSI range, ATR threshold, and price position relative to EMA200 and Bollinger Bands. Buy and sell entries follow symmetrical criteria based on trend and crossover signals.
Additional filters include maximum spread limits, minimum ATR for volatility confirmation, avoidance of trading late Fridays and during high-impact news (with planned API support), limits on consecutive losses, and maximum open trades.
Trade execution features ATR-based stop loss (1.5×ATR) and take profit set by risk-reward ratio or minimum pips. Position management includes break-even stop loss adjustment, trailing stops, and maximum holding time limits. Volume is dynamically calculated based on account balance and risk percentage.
Risk controls enforce configurable risk per trade, minimum trade volume, and consecutive loss tracking to halt trading after a set number of losses. The bot combines price action, trend analysis, momentum, and volatility checks with automated risk and trade lifecycle management.
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1
Sales
1.74K
Free installs