🚀 Breakout Premium — cBot for cTrader

A price-action-first bot to trade Breakout, Approach, and Return around prior High/Low—with Prop-style risk control. ⚙️📈

💡 Why traders choose it

Breakout Premium focuses on previous High/Low levels (over N past bars) and lets you enable:

• 🔺 Break High / Break Low — open BUY/SELL on level break.
• 🎯 Approach — enter when price approaches the level (per-side pip tolerance).
• 🔁 Return — re-enter on return after a break (buy the dip / sell the rally).

Comes with SL/TP, per-side Break-Even & Trailing (BUY vs SELL), position caps, and a Prop Risk Control module for daily/total max drawdown with automated actions (close all / block new / hedge). 🛡️

⚙️ How it works (at a glance)

1. 🧭 Dynamic levels: compute High/Low over PreviousPeriodBars on each bar (or tick).
2. 🔔 Event-driven entries: fire on Break, Approach, or Return per your toggles.
3. 🧠 Smart trade management: per-side Break-Even & Trailing; avoids duplicate entries by “reason”.
4. 🏦 Prop Risk Control: daily reset + Close All / Block New / Hedge on breach.

⭐ Highlights

• 🧩 Modular & flexible: Break/Approach/Return toggles for High and Low independently.
• 🛠️ Pro-grade risk: daily/total drawdown & automated actions for prop-style constraints.
• 🗂️ Clear parameters: tidy groups, readable names, store-friendly.
• 📉 Pure price action: reacts to levels—no heavy indicators.

🧪 Requirements & compatibility

• 🖥️ Platform: cTrader (cBot)
• 🧭 Timeframes: any (M5–H1 suggested)
• 🌐 Markets: FX, Indices, Commodities, Crypto (verify symbol & pipSize)
• 🔀 Exposure: hedging supported; max positions per side configurable

✅ Best practices

• 🔬 Backtest & demo to tune PreviousPeriodBars, ApproachPipsHigh/Low, SL/TP, BE/Trailing.
• 📝 Align Prop limits with your broker/challenge rules.
• ⚖️ Avoid overly permissive combos without a money-management plan.

🧭 Parameter guide (complete)

🧱 Base Parameters

• Number of bars in previous period — bars used to compute High/Low. Higher = stronger, less frequent.
• Check on each bar (true) or each tick (false) — true (quieter), false (more reactive).
• Volume (lots) — lot size per trade.

🔺 Break High

• Open BUY on Break? — BUY when Ask > previousHigh.
• Open SELL on Break? — SELL contrarian on break of previousHigh.
• Approach distance (pips) (ApproachPipsHigh) — tolerance from previousHigh for Approach.
• Open BUY on Approach? — BUY on approach to previousHigh.
• Open SELL on Approach? — SELL contrarian on approach.
• Open BUY on Return? — BUY when price returns below previousHigh after a break.
• Open SELL on Return? — SELL if price stays above previousHigh (failed breakout).

🔻 Break Low

• Open BUY on Break? — BUY contrarian when Bid < previousLow.
• Open SELL on Break? — SELL when Bid < previousLow.
• Approach distance (pips) (ApproachPipsLow) — tolerance from previousLow for Approach.
• Open BUY on Approach? — BUY contrarian on approach to previousLow.
• Open SELL on Approach? — SELL on approach to previousLow.
• Open BUY on Return? — BUY when price returns above previousLow.
• Open SELL on Return? — SELL if price stays below previousLow.

🧰 Position Limits

• Max LONG / Max SHORT positions — cap concurrent positions per side.

🎛️ Risk Management (SL/TP)

• Stop Loss LONG/SHORT (pips) — initial SL in pips.
• Take Profit LONG/SHORT (pips) — initial TP in pips.

🟩 Break-Even (per side)

• Use BreakEven BUY? / Use BreakEven SELL? — enable BE per side.
• BreakEven trigger BUY/SELL (pips) — move SL to BE ± offset at this profit.
• BreakEven offset BUY/SELL (pips) — buffer to cover spreads/fees.

🟦 Trailing Stop (per side)

• Use Trailing BUY? / Use Trailing SELL? — enable trailing per side.
• Trailing start BUY/SELL (pips) — profit threshold to start trailing.
• Trailing step BUY/SELL (pips) — distance of each trailing advance.

🏦 Prop Risk Control

• Enable Prop Risk Control? — equity-based daily/total DD monitoring.
• Max Daily Drawdown (account currency) — daily threshold.
• Max Total Drawdown (account currency) — overall threshold (since bot start).
• On Breach Action (0=CloseAll, 1=BlockNew, 2=Hedge)
• • 0️⃣ CloseAll: close all & block new entries.
  • 1️⃣ BlockNew: block new entries; let open trades run.
  • 2️⃣ Hedge: open opposite hedges & block new entries.
• Hedge Volume Multiplier — hedge size factor (1.0 = same size).

• ❓ FAQ
• External indicator required? No—levels are computed internally.
• All timeframes supported? Yes. Tune PreviousPeriodBars & ApproachPips.
• Trail only on SELL? Yes: UseTrailingSell=true, UseTrailingBuy=false.
• Prop breach behavior? Runs your action: CloseAll / BlockNew / Hedge and blocks new entries.
• Approach + Return together? Yes—independent. Use risk control to avoid over-trading.