Description
Strategy Type & Trading Approach
RK Sniper LITE is a trend-following cBot that uses multi-confirmation logic to filter out low-quality setups. It only trades when the higher timeframes agree on direction and at least 3 out of 4 entry conditions are met on the primary chart — making it selective by design, not reactive.
Entry Logic & Execution Behaviour
Entries are scored across four confluences: EMA cross (9/21), RSI zone validation, MACD histogram direction, and price position relative to the Bollinger Band midline. Both a medium and macro higher timeframe must show an aligned EMA trend before any trade fires. A spread filter, micro-move threshold, and cooldown timer between trades prevent overtrading during choppy or illiquid conditions. Trading is restricted to configurable session windows (New York and/or London Open).
Risk & Capital Management
Position sizing is fixed- or risk-percentage-based, the bot automatically calculates lot size from your account balance and stop-loss distance. Stop loss and take profit are set as a percentage of the entry price. Break-even protection moves the stop to entry once the price reaches a defined R-multiple. Partial close takes a portion of the position off at an earlier target while the remainder runs to full TP. A daily loss protection system monitors equity drawdown from the session's opening balance and locks all trading if your threshold is breached.
Key Parameters
EMA periods, RSI period, SL/TP percentages, HTF timeframes, spread limit, cooldown, session hours, break-even and partial TP R-multiples, risk percent, max concurrent trades, and daily loss limit are all fully configurable.
Who This Bot Is Best Suited For
Intermediate to advanced retail traders who want systematic, rule-based execution on liquid forex pairs. Well-suited for prop firm and funded account traders due to the built-in daily drawdown cap. Requires basic familiarity with cTrader parameter settings and backtesting.
Important Notes
Default parameters are a starting point. Optimisation per instrument and timeframe is strongly recommended before live deployment. Always backtest and forward test before running on a live account.
Backtest Transparency
Published backtest results were generated on Deriv using default parameters over a 14-month period (Jan 2025 – Mar 2026). ROI and drawdown figures will vary depending on instrument, broker, timeframe, and parameter configuration. Default settings are not optimised for any specific pair — users are encouraged to run their own backtests and tune parameters to match their risk tolerance and trading conditions.
Summary
Risk management features include fixed or percentage-based position sizing, stop loss and take profit set as entry price percentages, break-even stop adjustments, partial position closures, and a daily loss protection system that halts trading upon reaching a drawdown limit. Key parameters like EMA periods, RSI period, stop loss/take profit levels, timeframes, and risk settings are fully configurable.
Backtests conducted over 14 months on Deriv show an 11% ROI with a 1.33 profit factor using default settings, which are recommended to be optimized per instrument and timeframe. The bot suits intermediate to advanced traders, including those managing prop firm or funded accounts, requiring familiarity with cTrader settings and backtesting.
