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Trading product for Ode to Joy cBot Forex Scalping, image 1
Ode to Joy
cBot
Tested on IC
Version 1.0, Mar 2026
Windows, Mac, Mobile, Web
Reviews: 2
11.6%
ROI
4.4
Profit factor
22.51%
Max drawdown
Trading product for Ode to Joy cBot Forex Scalping, image 2
Trading product for Ode to Joy cBot Forex Scalping, image 3
Trading product for Ode to Joy cBot Forex Scalping, image 4
Trading product for Ode to Joy cBot Forex Scalping, image 5
Since 21/12/2024

Description

Ode to Joy - EURUSD M1 Mean Reversion Scalper

  • Type: Scalping
  • Method: Mean Reversion
  • Market: Forex
  • Symbol: EURUSD only
  • Timeframe: M1 only
  • Session style: Intraday, time-filtered (London/NY)
  • Trade frequency: avg 2-3 trades per day
  • Main Signal sources: Bollinger Bands + RSI
  • Trade management: Fixed TP / fixed SL
  • Position management: Acc size / pos size ratio limited, simultaneous positions are limited

Ode to Joy is a conservative bot with an unusual risk/reward profile, which is produces frequent small wins and very few bigger losses.

  • There are only 2 parameters:
    Lot size: limited by the account balance ( acc balance / lot size must bebigger than 10000. Example: you can use max <0.01> lot on USD100 account.)
  • Open positions: Max 3, higher exposure, higher risk

Ode to Joy is best suited for traders looking for a simple intraday system. You can use it from USD 100.

Summary

AI summary
Ode to Joy is a mean reversion scalping bot designed exclusively for the EURUSD forex pair on the 1-minute (M1) timeframe. It operates intraday during London and New York trading sessions, executing an average of 2-3 trades per day. The bot uses Bollinger Bands and RSI indicators as its main signal sources to identify mean reversion opportunities. Trade management involves fixed take profit and stop loss levels, while position management limits account and position sizes, allowing a maximum of three simultaneous open positions to control risk exposure. The bot is configured with only two user parameters: lot size, which must be limited relative to account balance (e.g., max 0.01 lot on a $100 account), and the maximum number of open positions. Ode to Joy aims for frequent small wins with infrequent larger losses, reflecting a conservative risk/reward profile. It is suitable for traders seeking a simple intraday system with a recommended minimum account balance of $100. Backtesting data covers the full year of 2025 with a reported return on investment of approximately 271% and a profit factor of 4.4, using leverage of 1:500. The bot supports market orders and includes risk tools such as stop loss, take profit, and spread filters.
Trading profile
Trading style
Day trading
Strategy type
Mean reversion
Analysis type
Algorithmic
Quantitative
Trade frequency
Low
Min recommended balance
$100
Risk per trade
20%
Chart period
1 minute
Backtesting leverage
1:500
Risk management
Risk model
Equity-based
Fixed lot
Supported order types
Market
Supported risk controls
Stop loss
Take profit
Spread filter

Customer reviews

5.0
Reviews: 2
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Customer reviews
March 28, 2026
This is easier to judge on H1. A sample of 13 setups with 2 swing checks gives a cleaner read than one good result.
March 26, 2026
this belongs in the review stack for oscillator setups. A sample of 20 setups on London open should show whether it really improves the routine.

Discussion

FAQ

Forex
Scalping
EURUSD
RSI
Bollinger
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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Since 21/12/2024