"DragonRSICbot" logo
DragonRSICbot
0.0
23/08/2025
0
Desktop, Mobile, Web

DragonRSIcBot automates a simple RSI entry with a controlled martingale/grid recovery:

You can use Free for demo account here https://ctrader.com/products/1713

  • Entry logic (RSI):
    When there are no open grid positions, the bot checks the RSI. If RSI falls below OversoldLevel, it opens a Buy; if RSI rises above OverboughtLevel, it opens a Sell. RSI period and source are configurable.
  • Grid / martingale expansion:
    If a basket is open, the bot measures the adverse move from the last grid position. When price moves at least Step (pips) against that last entry, it adds another position in the same direction. Position sizing follows an exponential lot multiplier:
    lots = Quantity * (LotMultiplier)^(number_of_existing_positions)
    and is capped by Max Lots.
  • Basket exit:
    The entire basket closes once the sum of net P/L across all grid positions reaches Target Profit (in account currency).
  • Risk controls:
    • Max Spred: blocks new entries if current spread exceeds the limit.
    • Stop Equity: if account equity drops below this level, the bot closes all positions and stops.
    • Insufficient funds: if a new order fails with NoMoney, the bot stops adding to the grid.
  • Parameters (key):
    • Volume: Quantity (Lots)
    • RSI: Source, Periods, Overbought Level, Oversold Level
    • Martingale/Grid: Use Martingale (on/off), Step (pips), Target Profit, Lot Multiplier
    • Risk: Stop Equity, Max Lots, Max Spred
    • Misc: Label (used to group positions)
  • Implementation notes:
    • Positions are labeled and filtered by symbol + label to manage the basket cleanly.
    • Distance to trigger the next grid leg is computed in pips from the last position’s entry price to current Bid/Ask (direction-aware).
    • All basket operations use total NetProfit aggregation.
  • Usage tips & cautions:
    • Martingale and grids can incur rapid drawdowns—set Stop Equity, Max Lots, and Step (pips) conservatively and test on a demo first.
    • Choose RSI levels that fit the symbol and timeframe; common starts are 30/70 with 14 periods.
    • Keep Max Spred tight on volatile or exotic symbols to avoid poor fills.
    • The Label lets you run multiple instances on different symbols or settings without interference.

Disclaimer: Grid/martingale strategies carry substantial risk. Use at your own discretion and always validate settings on historical data and in demo before going live.

More from this author
DragonNewsBot
This is a fully automated news-driven trading robo
cBot
commodities
xauusd
DragonGoldEAProNet6
Dragon GOLD EA, uses trade gold with good profit, minimum balance is 3000$ with lot 0.01, on M5 bar with gold pair
BTCScalpingNet6Demo
Demo version of https://ctrader.com/products/318
cBot
martingale
scalping
DragonScalpingProV2
Scalping bot with profit  400% per year
cBot
scalping
DragonScalpingProV2Demo
The demo version of Scalping bot https://ctrader.com/products/257
cBot
forex
eurusd
DragonMoneyForexNet6
This production version of Dragon Money Forex Pro
cBot
eurusd
martingale
usdjpy
FibonacciScalperNet6Demo
This Version only supports Demo accounts or Backtest Please Download the pro version at https://ctrader.com/products/312
cBot
commodities
xauusd
DragonGoldEAPro_SELLNet6
Dragon GOLD EA uses trade gold with good profit, the minimum balance is 3000$ with lot size 0.01, SELL
cBot
xauusd
commodities
DragonGoldEAProNet6Demo
Demo version of https://ctrader.com/products/315
DragonXAU2V2
GOLD Trade Free Demo at https://ctrader.com/products/1729
cBot
forex
eurusd
DragonMoneyForexNet6Demo
Demo version of https://ctrader.com/products/298
cBot
eurusd
martingale
usdjpy
FibonacciScalperNet6
Free Demo Version here https://ctrader.com/products/313
cBot
commodities
xauusd
DragnGoldEAPro_SELLNet6Demo
Dragon GOLD EA uses trade gold with good profit, the minimum balance is 3000$ with lot size 0.01, SELL on demo account.
DragonGridCbot
cTrader cBot that implements a grid trading strategy, free demo account at https://ctrader.com/products/1656
DragonXAU2V2Demo
GOLD trade Real Accout at https://ctrader.com/products/1728
BTCScalpingNet6
BTC m1 H1 Scalping
DragonRSIcBotDemo
DragonRSIcBot is an RSI-driven grid/martingale cBot
GragonGridCbotDemo
Demo for bot https://ctrader.com/products/1655
You may also like
cBOT EUR
FULLY FUNCTIONING EUR/USD TRADING BOT, TIMEFRAMES SETTINGS AVAILABLE 1H AND 3Om
RGN
AlphaQuant Capital
SmartBot-ADX47
it works with timeframe H1.
DMG GALAXY REV Bot
Questo c Bot è ispirato alla logica del famoso Galaxy Gold Scalper , adattato per c rader.
cBot
forex
ai
indices
+3
needThaiBot Version 4.4
This Version improve on identifying Trends Please Try Default Setting before running an Optimisation feature!! ENJOY!!!
Smart Daily Scalping Pro v1
Smart Daily Scalping with H1 Time Frame - XAUUSD.
cBot
breakout
ai
bollinger
+4
Galaxy gold scalping cbot
Galaxy Gold Scalping – è un sistema di trading automatico progettato per il mercato del GOLD
cBot
ai
macd
needThaibot with MACD CoG ADX EMA
Adjust Strategy as You Wish!!! this Bot contains MACD,CoG,ADX,EMA
DreamProfit_FX
DreamProfitFXBot hunts pips daily with precision, filters out noise, and locks profits fast. Built for sharp day-traders
cBot
rsi
mix indicateur nassimi
Powerful cTrader bot with RSI & MA strategies, optimized for precision & performance. Introductory offer: $80!"
cBot
ai
btcusd
eurusd
+4
Ai Forex Driven Standard
Smart, scalable, and secure, ideal for traders seeking real growth.
RiskGuardian_Limits_V2
Set your daily and weekly limits and the bot will block trading once they are reached – simple protection.
cBot
forex
bollinger
grid
+1
ToTheMoon 1.3 cTrader
ToTheMoon is able to operate using a Grid and make average price, or in the Single Order and open only one order.
cBot
martingale
xauusd
IBC_Advanced
IBC Advanced Strategy - IBC高级策略,基于马丁策略的优化版本,添加止损配置
cBot
prop
xauusd
commodities
prop cbot
Prop trading cBot for XAUUSD – optimized for funded accounts with strict risk management and high-performance execution.
cBot
ai
rsi
needThaiBot with CoG RSI
Please Try Default Setting before making any Changes
cBot
forex
commodities
stocks
Trading Assistant v1.3.4
Time the market with ease with Trading Assistant Why use Limit Orders when you can time your trades on trend lines?
cBot
ai
rsi
macd
needThai Smart Bot with Margin Control
Upgrade with Better Open Positions, Please try default setting before making any changes !!