Code Description: SimpleBreakoutTrailingBot

This code implements a Trading Robot (cBot) designed to execute a Simple Breakout Strategy with dynamic position management using a responsive Trailing Stop.

📝 Core Functionality

1. Entry Strategy (Executed on OnBar):
2. • The bot checks if the current bar's closing price breaks above the high (breakoutHigh) or below the low (breakoutLow) of a specified previous bar (BreakoutBarIndex).
   • If the closing price breaks the high, the bot executes a Buy order.
   • If the closing price breaks the low, the bot executes a Sell order.
   • The position is opened with an initial Stop Loss (StopLossPips) and an optional Take Profit (TakeProfitPips).
2. Position Management (Executed on OnTick):
3. • The UpdateTrailingStop function runs on every price change (OnTick) to monitor the position in real-time.
   • The Trailing Stop only activates once the position reaches the minimum profit threshold defined by TrailingStartPips.
   • Once activated, the Stop Loss trails the market price by a constant distance (TrailingStepPips), ensuring locked-in profit is continuously increased as the price moves favorably.

In essence: This bot focuses on capturing price momentum from a simple bar breakout and dynamically managing risk and reward through a fast, continuous Trailing Stop.