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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.

Discussion

Customer reviews

5.0
Reviews: 1
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Customer reviews
September 24, 2025
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FAQ

Forex
Scalping
EURUSD
GBPUSD
NZDUSD
RSI
Grid
XAUUSD
Martingale
USDJPY
cBot
Forex
BTCUSD
+8
cBot
Grid
XAUUSD
+2
cBot
Grid
Forex
+5
cBot
Grid
Forex
+5
cBot
BTCUSD
Crypto
+1
cBot
Grid
XAUUSD
+2
cBot
Grid
XAUUSD
+3
cBot
RSI
Grid
+5
cBot
Forex
EURUSD
+3
cBot
Grid
XAUUSD
+1
cBot
Grid
XAUUSD
+4
cBot
Grid
EURUSD
+3
cBot
RSI
Grid
+3
cBot
AI
ATR
+27
cBot
ATR
Prop
+4
cBot
ATR
EMA
+5
cBot
Balanced
Fixed Risk %
+1
cBot
Grid
Crypto
+5
cBot
Prop Firm Fit
Trailing Stop
+4
cBot
Prop Firm Fit
Spread Filter
+1
cBot
ATR
RSI
+5
cBot
cBot
SL Manager
TP Manager
+5
cBot
Break Even
Low Drawdown
+1
cBot
ATR
Forex
+3
cBot
Channel
SL Manager
+4
cBot
AI
ATR
+12
cBot
EMA
TP Manager
+5
cBot
ATR
Fixed Risk %
+5
cBot

Price