"AlgoZone Index Trader cBbot" logo
cBot
Version 1.0, Sep 2024
Windows, Mac, Mobile, Web
5.0
Reviews: 3
"AlgoZone Index Trader cBbot" uploaded image
"AlgoZone Index Trader cBbot" uploaded image
Since 17/09/2024

I am an enthusiastic coder. My first robot that I published to cTrader was in 2019. Since then, I have built my business to offer complex, high-quality robots and coding services to traders. If you have any questions about my products, don't hesitate to ask!

The package includes all adjustable parameters and set files as well. I am going to send you the sets after the purchase.

I highly recommend everyone to make their own set files for the robot, this is the reason why I left absolutely all the parameters adjustable for the money management, full entry strategy and exit strategies.


Recommended broker with my cBots: Pepperstone


Strategy:

Introducing IndexTrader, a sophisticated trading algorithm meticulously crafted for long-term index trading. This cutting-edge robot leverages the power of three key technical indicators: Money Flow Index (MFI), Stochastic Oscillator, and Relative Strength Index (RSI), to meticulously analyze market dynamics and generate precise signals.

The Money Flow Index (MFI) measures the inflow and outflow of money into an index, providing insights into the strength of buying or selling pressure. By incorporating MFI into its analysis, IndexTrader can identify potential trend reversals or confirm the strength of existing trends.

The Stochastic Oscillator is another vital tool utilized by IndexTrader. It helps gauge the momentum of an index by comparing its closing price to its price range over a specified period. This allows the robot to pinpoint overbought or oversold conditions, enabling traders to make informed decisions about when to enter or exit positions.


Features

  • Trailing Stop Loss
  • Max Spread Filter
  • Friday Close Option
  • Dynamic Exit Feature

Currency Pairs

AUS200, UK100, US500, US2000


Stop Loss & Take Profit Calculation

Stop Loss pips (SLPips) allows traders to define the maximum amount of loss they are willing to incur on a trade. By setting this parameter, traders can mitigate risk and protect their investment capital. This feature empowers traders to establish clear boundaries, ensuring that losses are controlled within predefined limits.

Additionally, the Take Profit based on Stop Loss percentage (TPPct) parameter offers traders a strategic approach to profit-taking. This feature allows traders to set a percentage of their Stop Loss as the Take Profit level. By doing so, traders can capitalize on favorable market movements while safeguarding profits.

Together, these parameters form a robust money management strategy that promotes discipline, risk management, and profitability. Whether you’re a seasoned trader or new to the market, our platform’s money management method provides a valuable tool to optimize your trading performance.



Trading profile
5.0
Reviews: 3
5
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Customer reviews
September 24, 2024
A decent setup here should survive RSI 30 and 70 without looking messy. A small demo sample says more than one good trade.
September 22, 2024
This feels easier to judge after real market use. I would log 100 setups on London open and watch whether the review process stays calmer.
September 20, 2024
For oscillator setups, the practical question is whether it reduces bad decisions. A 83 setup journal on New York open makes that clearer.
Forex
Indices
RSI
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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