Trading product for DragonMoneyForexNet6Demo cBot Forex EURUSD, image 1
cBot
166 downloads
Version 1.0, Dec 2024
Windows, Mac, Mobile, Web
Trading product for DragonMoneyForexNet6Demo cBot Forex EURUSD, image 2
70.36M
Traded volume
588.54K
Pips won
59
Sales
4.06K
Free installs

This production version of Dragon Money Forex Pro. This bot help you run with profit, with 1000$ just run with volume 0.01, on M1 bar with money pair like "GPBUSD", "EURUSD"

Key Features

🎯 Triple Strategy Execution

  • HILO Strategy: Combines RSI analysis and price action
  • Strategy 15: Based on closing price momentum
  • Strategy 16: Integrates RSI and price pattern recognition

💰 Intelligent Money Management

  • Auto Lot Sizing: Automatically adjusts trade volume based on account balance
  • Risk-Based Scaling:
    • Account < $200,000: Uses fixed lot size
    • Account ≥ $200,000: Lot = 0.001% × Balance

📊 Grid Trading with Martingale

  • Smart grid trading system
  • Automatically opens additional orders when market moves against positions
  • Progressive lot size increase using mathematical formula
  • Take Profit management based on average price

🛡️ Comprehensive Risk Protection

  • Equity Stop Loss: Closes all trades when losses exceed % of equity
  • Timeout Protection: Automatically closes trades after predetermined time
  • Trailing Stop: Moves stop loss following favorable trends
  • Maximum Trades Limit: Limits maximum number of trades per strategy

Operating Mechanism

Entry Logic

HILO Strategy:

• RSI(14) > 30 + High[1] > Low[2] → SELL
• RSI(14) < 70 + High[1] < Low[2] → BUY

Strategy 15:

• Close[2] > Close[1] → SELL
• Close[2] < Close[1] → BUY

Strategy 16:

• Close[2] > Close[1] + RSI > 30 → SELL
• Close[2] < Close[1] + RSI < 70 → BUY

Exit Strategy

  • Dynamic Take Profit: Based on average price of basket orders
  • Trailing Stop: Automatically adjusts to price movements
  • Time-based Exit: Closes trades after predetermined time period
  • Equity Protection: Emergency stop when drawdown is excessive

Configuration Parameters

Core Trading Settings:

  • Lots: 0.01 - Base trade volume for initial positions
  • LotExponent: 1.22 - Multiplier for progressive lot sizing in grid trades
  • lotdecimal: 2 - Decimal places for lot size calculation precision
  • PipStep: 250 - Distance in pips between grid orders
  • MaxLots: 99 - Maximum number of simultaneous trades allowed

Profit & Loss Management:

  • TakeProfit: 70 - Take profit target in pips
  • UseEquityStop: Yes - Enable equity-based stop loss protection
  • TotalEquityRisk: 20% - Maximum equity risk percentage threshold
  • slip: 500 - Maximum allowed slippage in points

Trailing Stop Configuration:

  • UseTrailingStop: No - Currently disabled
  • TrailStart: 13 - Pips profit required before trailing starts
  • TrailStop: 3 - Trailing stop distance in pips

Parameter Explanations

Core Trading Parameters:

  • Lots (0.01): Initial trade size - conservative starting volume
  • LotExponent (1.22): Moderate progression multiplier for grid trades
  • PipStep (250): Wide grid spacing - suitable for volatile markets
  • MaxLots (99): Very high trade limit - allows extensive grid expansion

Risk Management:

  • TakeProfit (70): Conservative profit target for balanced risk/reward
  • UseEquityStop (Yes): Active equity protection enabled
  • TotalEquityRisk (20%): High risk tolerance - suitable for experienced traders
  • slip (500): High slippage tolerance for volatile market conditions

Trailing Stop (Currently Disabled):

  • TrailStart (13): Would start trailing after 13 pips profit
  • TrailStop (3): Tight trailing distance for maximum profit capture
  • UseTrailingStop (No): Currently disabled to rely on TP strategy

Advantages

Risk Diversification across 3 independent strategies
Automated Money Management based on account size
Drawdown Protection with multiple safety layers
Hands-free Operation - completely automated
Profit Optimization through grid trading
Conservative Base Settings with room for aggressive expansion

Risk Warnings

⚠️ High-Risk Strategy: Uses Martingale which can lead to significant losses
⚠️ Margin Requirements: Requires substantial capital to withstand drawdown
⚠️ Market Conditions: Performs best in ranging/sideways markets
⚠️ Spread Sensitive: High spread costs may impact profitability
⚠️ Grid Expansion: 99 MaxLots allows for very large position accumulation

Usage Recommendations

  • Minimum Account: $10,000+ recommended for current settings
  • Optimal Account: $50,000+ for comfortable grid expansion
  • Timeframes: Works on all timeframes
  • Currency Pairs: Best for major pairs (EURUSD, GBPUSD, USDJPY)
  • Spread Requirements: < 2 pips for optimal efficiency
  • VPS Recommended: 24/7 uptime essential for grid management
  • Market Conditions: Ideal for ranging markets with occasional breakouts

Current Configuration Analysis

The EA is configured with conservative base lots (0.01) but aggressive grid potential (MaxLots: 99) and wide pip steps (250). This setup suggests:

  • Suitable for volatile markets due to wide grid spacing
  • High risk tolerance with 20% equity stop
  • Moderate progression (1.22 multiplier) prevents rapid lot escalation
  • Trailing stop disabled, relying on fixed TP strategy
  • High slippage tolerance suitable for news events


Disclaimer: Forex trading involves high risk. Always test thoroughly on demo accounts before using real money. Never invest more than you can afford to lose.

Trading profile
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Reviews: 0
Customer reviews
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Forex
EURUSD
RSI
Grid
Martingale
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.

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Free installs