Description
β¨ Dynamic Trendline Pro Bot Prop Edition for cTrader - Automate Your Trendline Strategy! π
Major Update: Advanced Prop Firm Risk Management is Here! π
The paid version is available here
Note on the Trial Version This version of the bot is a limited trial and will only work on Demo accounts for a period of 7 days from its first launch. All parameters described below are active and fully testable.
For the backtesting and live proving of these cBots, I am utilizing IC Markets And ICTrading: Visit IC Markets Visit IC Trading
We are thrilled to announce a crucial update for our DynamicTrendlineProBot and PropReadyBot versions. Thanks to your invaluable feedback and intensive testing, we've released a new version that revolutionizes risk management, making it safer, more robust, and fully aligned with the strict rules of top Prop Firms.
This isn't just a simple update; it's a decisive step forward in protecting your capital. π‘οΈ
What's New in This Version?
We listened to your requests and focused on what matters most: total control over your risk.
- β Global Hard Stop (Forced Closure): This is the most important new feature! Now, upon hitting the daily or maximum drawdown limit, the bot can instantly close all open positions on the symbol, not just its own. This acts as a true account-saver π¨, preventing catastrophic losses, especially in fast market conditions or when running multiple bots.
- π― Profit Targets: We've introduced the ability to set daily and weekly profit targets. Once your goal is reached, the bot can stop trading to protect the profits you've accumulated.
- βοΈ Foolproof Activation Parameters: We've fixed the parameter interpretation issue (e.g., "Si" vs. "True"). The bot now correctly recognizes your settings on any platform, ensuring safety features are always active when you want them to be. A log message at startup will confirm if the Hard Stop is enabled or disabled.
- π Detailed Hourly Reporting: For unprecedented transparency, the bot now prints a comprehensive summary of the daily and total drawdown status to the log every hour, showing both percentage and absolute values. You'll always know exactly where you stand against your limits.
Why This Update is Crucial
- Prop Firm-Grade Security: ποΈ You can now trade with the confidence that you are respecting the strictest drawdown rules, just as required by funding challenges.
- Total Control: πΉοΈ You decide whether to enable the hard stop for maximum protection or maintain a more flexible approach.
- Maximum Transparency: π With the new logs, every risk-related decision the bot makes is clear and traceable.
Your Opinion is Invaluable: Leave a Review! β
We've worked hard on these features and believe they represent a huge leap forward for safe and professional automated trading.
We invite you to thoroughly test this new version and share your experience.
Please leave a review or detailed feedback. Your contribution is essential for us to continuously improve and create ever more powerful and effective tools for our community.
Thank you for your trust, and happy trading! π
(Introduction) Tired of manually drawing trendlines and missing opportunities due to hesitation or distraction? π© Discover Dynamic Trendline Pro Bot π€, the cBot for cTrader designed to automatically identify key support and resistance levels and act on them with surgical precision. Free up your time and let the algorithm monitor the market 24/7 β±οΈ, executing your trendline-based strategy objectively and tirelessly. Ideal for traders seeking a systematic approach on Forex, Indices, Commodities (like Oil and Gold) π, and other markets.
(Core Strategy) The heart of the bot is a sophisticated automatic trendline detection system. By analyzing the last N candles (NumberOfCandles), it identifies the most significant turning points to draw dynamic support and resistance lines ππ. You can choose whether to base the analysis on the absolute highs/lows (HighLow) or the closing prices (Close), with separate parameters for support and resistance (SupportPriceSource, ResistancePriceSource) for maximum flexibility.
The bot doesn't just draw lines; it actively trades when the price interacts with them, offering complete control over the entry logic:
- Breakout π₯: Enters the market when the price decisively breaks the line.
- Touch ππ: Reacts when the price touches the line, potentially for bounce/rejection trades.
- Approach π€: Can even act when the price gets within a critical distance of the line (
ApproachDistancePips).
For each of these 3 scenarios, and separately for support and resistance, you can define the desired action: ContinueTrend β
(follows the "natural" direction of the event), Invert π (reverses the direction), or NoAction π« (ignores the event).
(Key Features & Flexibility)
- π Automatic & Configurable Trendline Detection: Choose the lookback period and price source (Close vs High/Low) separately for S/R.
- βοΈ (Optional) Advanced Trendline Validation: Filter lines by minimum required touches or by slope angle.
- π₯ Multi-Scenario Entry Logic: Leverage Breakouts, Touches, and Approaches with fully customizable actions (Continue/Invert/None) for each combination.
- π° Flexible Position Sizing: Choose between Fixed Lots or Fixed Monetary Risk per trade.
- π‘οΈ Advanced Position Management: Set separate limits for max Long/Short positions, specific SL/TP per direction, Trailing Stop, and Break-Even Stop.
- π¦ Multiple Signal Quality Filters: Trade only when conditions are ideal with optional MA Trend, RSI Confirmation, and ADX Range filters.
- β‘ Powerful Override Modes: Handle volatile events with Manual or ATR-based "Force ContinueTrend" overrides.
- π οΈ Highly Optimizable: Wide range of parameters allows for deep optimization across different instruments and timeframes.
β Optimized Backtests & Parameter Explanations Included! β This isn't just a tool; it's a potentially ready-to-use solution! Check the uploaded images to find:
- Optimized backtest results demonstrating potential performance on key assets like Gold, Oil, and Indices.
- Ready-to-use parameter sets derived from these optimizations, giving you a great starting point.
- Helpful explanations of the bot's main parameters in both Italian and English, making configuration easier. While these presets offer immediate value, remember the true power lies in its adaptability β you can optimize this cBot for virtually any asset and timeframe!
(Technical Details) Platform: cTrader | Language: C# | Indicators Used: MA, RSI, ADX, ATR π»
(Target Markets/Use Cases) Its extreme configurability makes the Dynamic Trendline Pro Bot suitable for various approaches and markets, including Forex, Indices, and Commodities. Ideal for those wanting to automate a trendline-based strategy while maintaining deep control over every aspect of execution and risk management. The numerous options make it an excellent candidate for optimization π¬ and finding the perfect setup for one's trading style.
(Conclusion) Dynamic Trendline Pro Bot is more than just a line drawer: it's a complete, flexible, and automated trading system based on one of the most widespread technical analysis techniques. Optimize it according to your vision and let the bot work for you! ππ
Summary
Key features include advanced risk management tailored for proprietary trading firms, such as a Global Hard Stop that forcibly closes all open positions on a symbol when daily or maximum drawdown limits are reached, and configurable daily/weekly profit targets to protect gains. The bot supports detailed hourly reporting of drawdown status for transparency.
Additional functionalities include adjustable position sizing (fixed lots or monetary risk), separate stop loss/take profit settings per direction, trailing and break-even stops, and multiple signal quality filters (MA, RSI, ADX). It also provides override modes for volatile conditions and extensive parameter options for optimization across assets and timeframes.
This trial version operates on demo accounts for seven days with full feature access, enabling users to test the botβs capabilities and risk controls before deploying on live accounts.
