Description
PULLBACK ENTRY: SMARTER BREAKOUT TRADING
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Don't chase breakouts - let price come to you!
This bot automates the classic "breakout + pullback" strategy that professional traders use:
1. Wait for price to break a key level (confirming momentum)
2. Enter on the pullback/retracement (better price, tighter stop)
Why Pullback Entry?
- Avoid false breakouts by waiting for confirmation
- Get better entry prices than chasing the breakout
- Tighter stop losses = better risk/reward ratio
- No need to watch charts 24/7 - bot handles execution
How It Differs from Native Stop-Limit:
cTrader's stop-limit:
- Triggers limit order when price hits stop level
- Entry at or near the trigger price
PullbackEntry:
- Waits for breakout confirmation (BK line)
- Places limit order at pullback level (EN line)
- Catches the retracement for optimal entry
KEY FEATURES
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[Powerful Visual Planning]
- Drag-and-drop lines directly on chart: BK (breakout), EN (entry), SL (stop loss), TP (take profit)
- Real-time preview showing pips, dollars, and lot size for each level
- Smart constraints prevent illogical line positions (e.g., SL above entry for Buy)
- Auto-adapting colors for light/dark chart backgrounds
- State preservation when switching timeframes
[Complete Position & Risk Management]
Three professional position sizing modes:
- Fixed Lots: Trade a constant lot size you specify
- Equity %: Size based on percentage of account equity
- Risk %: Calculate lots based on stop loss distance and your risk tolerance
Combined with customizable Stop Loss and Take Profit, you get complete control over position sizing and risk protection.
[Flexible Direction]
- Ctrl+Click sets the breakout (BK) AND decides direction by click position:
- Click above current price β Buy setup
- Click below current price β Sell setup
- Click-based direction overrides the Direction parameter. If no click was made (e.g. restored state), the Direction parameter is used as default.
WHY CHOOSE THIS BOT?
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Unlike basic limit order tools, this bot offers:
- Visual drag-and-drop planning (not just input boxes)
- Breakout-triggered logic (different from native cTrader stop-limit)
- 3 position sizing modes in ONE tool
- Real-time P&L preview before trade triggers
- Integrated SL/TP with smart constraints
All-in-one solution. No need for multiple separate tools.
HOW IT WORKS
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1. Ctrl+Click on chart to set the breakout (BK). Direction is chosen automatically by your click position (above price β Buy, below β Sell). A hint is shown at top-left until you create the order group.
2. The bot creates EN/SL/TP planning lines automatically; drag to fine-tune levels.
3. The bot monitors price; after breakout it places a limit order at EN with SL/TP attached.
4. Delete BK or EN line anytime to cancel the setup (you can then Ctrl+Click again to create a new one).
5. If you delete SL or TP line, you can recreate it by changing the corresponding parameter in the settings panel.
NOTE: Single-group version only allows ONE order group at a time. Additional Ctrl+Clicks are ignored until the current group is deleted or triggered.
FREE VERSION
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This is the FREE single-group edition - perfect for traders who need one breakout setup at a time.
Need more power? Upgrade to "PullbackEntryPro" for:
- Multiple simultaneous order groups
- Independent settings per group
- Visual group connectors and labels
- Scale-in and bracket order strategies
REQUIREMENTS
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- Works on all symbols and timeframes
- No external dependencies
- AccessRights: None (safe, no external access)
VERSION INFO
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Version: 1.1
Author: efem2000
License: Freeware
