"Cover For Hand" logo
cBot
1 purchases
Version 1.0, Nov 2024
Windows, Mac, Mobile, Web
5.0
Reviews: 2
"Cover For Hand" uploaded image
"Cover For Hand" uploaded image
62.56M
Traded volume
188.46K
Pips won
1
Sales
102
Free installs

This is a semi-automatic bot that helps you manage your capital.

When you a position and do not want to have a fixed SL and TP, this bot will help you do this automatically.

When your position has a profit exceeding the Take Profit Pip, the bot will move the stoploss according to the ratio you choose and gradually move it until it hits the stoploss

When your order has a loss exceeding the Stop Loss Pip, the bot will automatically place a martingale order to cover for the loss according to 1 of the 3 martingale methods you choose, and at the same time calculate the new profit point based on the Take Profit Pip you have chosen, when the profit point is exceeded, the all positions will automatically close.

When there are no open orders, the bot will not work, each time the bot only supports 1 open order in 1 direction.

In case you place 2 orders in 2 directions, buy and sell, the bot will still work.

You should choose m1 time frame for the bot to work fastest because the bot will work after the bar closes.

For example:

If you place a buy order of 0.01 lot XAUUSD, SL = 400, TP = 200, SL move rate = 0.5, Martingale Style = PlusOne.

Case 1: if your order has a profit of 200 pips, a new SL will be created with a profit of 100 pips, if the price continues to increase, the new SL will continue to increase until the price reverses and touches the SL

Case 2: if your order loses 400 pips, the bot will automatically place a Martingale order with a new lot equal to the current lot plus one unit of lot = 0.01 * 2 = 0.02, and at the same time draw a new Take Profit line to ensure that this new Take Profit is the same as the Take Profit you intend to have.

Case 3: if your order loses 800 pips, the bot will automatically place an order similar to case 2 with a new lot of 0.01 * 3 = 0.03 and move the new Take Profit line.

If you choose Double, your order will have a gradually doubled lot, then it requires a large capital to cover but in return, the order will be closed quickly

If you choose Fibonacci, your order will increase the lot according to the Fibonacci series, the advantage is that the initial lot is small, the later the lot is large, helping to quickly recover the capital, requiring less capital than the double type

If you choose PlusOne, your order will increase the lot according to the plus one type, requiring less capital to cover but also taking more time to recover the capital.

If the capital is 1000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: PlusOne

If the capital is 2000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: Fibonacci

If the capital is 5000$, you should use the starting lot of 0.01 for XAUUSD, and the Martingale type: Double

Trading profile
5.0
Reviews: 2
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Customer reviews
November 18, 2024
November 11, 2024
BTCUSD
Forex
EURUSD
Commodities
GBPUSD
NZDUSD
Martingale
Scalping
Crypto
Grid
XAUUSD
NAS100
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
ATR
RSI
+10
Combine multiple indicators in multiple timeframes with martingale capital management
cBot
Grid
Forex
+3
Hedging 12 Forex Symbols Ultimate

You may also like

cBot
SMC
Forex
+11
💎 ICT Silver Bullet Strategy cBot — liquidity sweep & breakout algorithm with risk control.
cBot
Prop
Forex
+2
Aggressive Gold Bot: BB+MACD strategy. Smart ATR-based risk management. Professional on-chart trading dashboard
1.32
Profit factor
12.98%
Max drawdown
cBot
ATR
EMA
+5
XAUUSD trading bot designed to capture intraday impulses with disciplined risk control and fast execution.
10.1%
ROI
1.05
Profit factor
60.8%
Max drawdown
cBot
Forex
Crypto
+2
The cTrader Risk & Reward management tool can easily help you to set the risk vs reward values
cBot
ATR
Risk Alerts
+3
ORB breakout-retest cBot for cTrader with ATR risk management, session controls, prop-firm safety protection.
1.76
Profit factor
4.33%
Max drawdown
cBot
Prop
Forex
+5
Quantum Queen Ctrader Cbot
cBot
AI
ATR
+24
Professional trading bot that identifies precise market entries using adaptive momentum and volatility analysis.
cBot
BTCUSD
Automated cTrader bot with webhook support, trade management, take-profit levels, and Telegram notifications
cBot
ATR
Simple and Effective Trading Panel with On-Screen Statistics and Trade Management Options.
cBot
Prop
Forex
+3
QuantumGuard - EUR/USD - More than 1000% profit per year
cBot
ATR
Forex
EMA-Crossover-Bot mit ADX-Filter:Trend-Trading mit ATR-basiertem Risikomanagement und Trailing Stop.
cBot
EMA
SL Manager
+5
Fully automated dual-symbol hedging cBot for cTrader.
20.6%
ROI
8.66
Profit factor
20%
Max drawdown
cBot
Forex
XAUUSD
GALAXY XAUUSD SCALPER Trial DAY 15
cBot
SMA
Ichimoku
+3
Cut the Noise. Catch the Trend
50.1%
ROI
1.96
Profit factor
53.88%
Max drawdown
cBot
EMA
Volume
+5
Sniper Entry Bot – Advanced EMA Crossover Trading Robot for cTrader
677%
ROI
2.52
Profit factor
11.53%
Max drawdown
cBot
Prop
Forex
+11
Risk On Trade Lite | Auto Position Size Calculator for cTrader | Risk & Reward Tool | Auto Lot Size Calculator
cBot
ADX
EMA
+5
Apex CFX - NAS100 Control is a structured automated trading cBot designed for NAS100 / Nasdaq 100, using EMA alignment,
15%
ROI
5.1
Profit factor
12%
Max drawdown
cBot
Channel
AI Trading
+5
AI-powered zones. Adaptive stops. Trade smarter, not harder. The cBot that knows WHEN to trade and WHEN to stop
2
Profit factor
4%
Max drawdown
62.56M
Traded volume
188.46K
Pips won
1
Sales
102
Free installs