DragonRSIcBotDemo
cBot
269 downloads
Version 1.0, Aug 2025
Windows, Mac, Mobile, Web
5.0
Reviews: 1
Trading product for DragonRSIcBotDemo cBot Forex Scalping, image 2
Trading product for DragonRSIcBotDemo cBot Forex Scalping, image 3
70.37M
Traded volume
588.6K
Pips won
59
Sales
4.39K
Free installs

Description

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

Real Account Bot at https://ctrader.com/products/1712

  • 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.

Summary

AI summary
DragonRSIcBot is an automated trading robot that uses the Relative Strength Index (RSI) indicator to trigger entries combined with a grid and martingale recovery strategy. It opens buy positions when RSI falls below a configurable oversold level and sell positions when RSI rises above a configurable overbought level. The bot manages open positions in a grid, adding trades in the same direction when the price moves adversely by a set number of pips, with position sizes increasing exponentially up to a maximum lot size.
The entire basket of positions is closed once the net profit target is reached. Risk controls include limiting entries based on maximum spread, stopping all trading if account equity falls below a set threshold, and halting grid expansion if insufficient funds are detected. Key configurable parameters cover trade volume, RSI settings (source, periods, levels), grid/martingale behavior (step size, lot multiplier, target profit), and risk limits.
Positions are grouped by symbol and label to allow multiple instances without interference. The bot supports trading on Forex pairs such as EURUSD, GBPUSD, NZDUSD, USDJPY, and XAUUSD (gold). Users are advised to test settings on demo accounts due to the inherent risks of martingale and grid strategies.
Trading profile

Customer reviews

5.0
Reviews: 1
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Customer reviews
September 24, 2025
🧐

Discussion

FAQ

Forex
Scalping
EURUSD
GBPUSD
NZDUSD
RSI
Grid
XAUUSD
Martingale
USDJPY
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

cBot
Forex
BTCUSD
+8
This is a fully automated news-driven trading robot
cBot
Grid
XAUUSD
+2
Dragon GOLD EA, uses trade gold with good profit, minimum balance is 3000$ with lot 0.01, on M5 bar with gold pair
1.06
Profit factor
cBot
BTCUSD
Crypto
+1
Demo version of https://ctrader.com/products/318
cBot
Grid
Forex
+5
Scalping bot with profit  400% per year
cBot
Grid
Forex
+5
The demo version of Scalping bot https://ctrader.com/products/257
cBot
Grid
XAUUSD
+2
GOLD Trade Free Demo at https://ctrader.com/products/1729
cBot
Grid
XAUUSD
+3
Demo version of https://ctrader.com/products/315
cBot
RSI
Grid
+5
This production version of Dragon Money Forex Pro
cBot
Forex
EURUSD
+3
This Version only supports Demo accounts or Backtest Please Download the pro version at https://ctrader.com/products/312
cBot
Grid
XAUUSD
+1
Dragon GOLD EA uses trade gold with good profit, the minimum balance is 3000$ with lot size 0.01, SELL
cBot
Grid
XAUUSD
+4
GOLD trade Real Accout at https://ctrader.com/products/1728
cBot
Grid
EURUSD
+3
Free Demo Version here https://ctrader.com/products/313

You may also like

cBot
ATR
EMA
+5
Momentum driven, Compounding. Volatility adaptive EMA BOLLINGER ATR base Strategy
93.4%
ROI
1.31
Profit factor
cBot
Forex
Indices
+1
🚀 News Trading cBot - maximize the market opportunities! 📈
cBot
ATR
XAUUSD
+2
Long-only trend-following cBot for XAUUSD using EMA cross entries, ATR-based risk management, and pyramiding into strong
18.6%
ROI
1.59
Profit factor
cBot
BOS
CHOCH
+5
Ai_SMC Trading Robot v2 – Precision Smart Money Concept Automation
1.4
Profit factor
cBot
Fibonacci
Fixed Lot
+5
Trading dashboard for fast order execution, position management, risk controls and automatic Fibonacci levels.
1.52
Profit factor
cBot
ATR
EMA
+5
Smart Trading Bot with Rich Management Tools for FOREX PAIRS, NASDAQ, GOLD, OIL
14.4%
ROI
1.38
Profit factor
cBot
AI
ATR
+13
Multi-indicator scalping bot with concurrent trade management, and adaptive risk controls for professional forex trading
cBot
AI
Scalp you rich!
cBot
ATR
Forex
+2
Auto-Breakeven Bot w/ ATR & dual triggers. Works 100% with Risk Reward Guardian. Was Free for early users now -80%
cBot
AI
RSI
+5
H1 and L1 BOT — Pure Price Action Automation - NEW VERSION IN PROGRESS...
1.52
Profit factor
cBot
Automatiza tus operaciones con esta estrategia de cruce de medias mĂłviles exponenciales (EMAs). EMA Crossover Pro.
cBot
AI
ATR
+5
Professional Gold Trading System - 1-Year Backtest Validation(2025-2026)
20.5%
ROI
1.8
Profit factor
cBot
AI
Stocks
+1
Advanced Automated SPX Algorithmic Trading System
4
Profit factor
cBot
Break Even
Risk/Reward
+5
Automatic position sizing, smart pending orders, loss limits, and one-click trade execution for cTrader.
cBot
Forex
BTCUSD
+4
OneClick SL/TP Setter — Smart Trade Management Made Simple
cBot
ATR
RSI
+8
Advanced-Pro-CBot V5: A Cutting-Edge Algorithmic Trading cBot for cTrader
cBot
EMA
Balanced
+5
Sniper Entry Bot – Advanced EMA Crossover Trading Robot for cTrader
677%
ROI
2.5
Profit factor
cBot
AI
Grid
+4
Where Algorithmic Precision Meets Gold’s Volatility. AI-Powered Gold Trading Algorithm for cTrader.

Price

70.37M
Traded volume
588.6K
Pips won
59
Sales
4.39K
Free installs