Free for demo account and backtest here https://ctrader.com/products/1895

1. Trading Idea

The robot combines two tools:

• Fibonacci retracement levels (38.2% and 61.8%) → used to define important price zones.
• Weighted Moving Average (WMA) → used to detect the market trend.

With these, the market is divided into three zones:

• Green Zone: Uptrend (price above the upper Fibonacci level).
• Red Zone: Downtrend (price below the lower Fibonacci level).
• Yellow Zone: Neutral/sideways (price between the two levels).

2. When the Bot Buys or Sells

• Buy trade: When the market moves from Yellow → Green zone (trend turning bullish).
• Sell trade: When the market moves from Yellow → Red zone (trend turning bearish).

Each trade has:

• Stop Loss (SL): automatically calculated based on Fibonacci levels.
• Take Profit (TP): usually larger than SL, adjustable with the "TakeProfitRate" setting.

3. Optional Martingale/Grid Trading

If enabled, the bot can open multiple positions when price moves against the first trade:

• New trades are added at certain price distances (pip steps).
• Each new trade can have a larger lot size (controlled by "Lot Multiplier").
• This creates a grid of trades, aiming to close all with profit when the market reverses.

4. Risk Management

The bot includes several protections:

• Stop Equity: if account equity falls below this level, the bot closes all trades and stops.
• Max Spread: avoids trading if spread is too high.
• Max Lots: limits the largest trade size.

5. Key Settings (you can adjust)

• Lot Size: the basic trade volume.
• Take Profit Rate: ratio for profit target.
• Lot Multiplier: how much lot size increases in martingale mode.
• BackStep: how many candles are used to calculate Fibonacci levels.

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