Strategy Type and Trading Approach
Indigo is a fully automated, long-only cBot that trades momentum reversals from oversold conditions. It uses the QQE (Quantitative Qualitative Estimation) indicator to identify moments when selling pressure has been exhausted and bullish momentum is resuming. Because it only opens buy positions, Indigo is purpose-built for instruments with a natural upward bias β stock indices such as US30, US500 and NAS100 are its primary use case.
Entry Logic and Execution Behaviour
The bot monitors QQE momentum for signs that a pullback has reached oversold territory and is beginning to reverse. When the indicator confirms a bullish shift from a depressed level, a market buy order is executed. Only one entry is allowed per bar to prevent signal duplication, and the number of concurrent positions is capped by a configurable limit.
Risk and Capital Management
Every trade is protected by a dynamic, ATR-based stop loss that adapts to current market volatility rather than relying on a fixed pip distance. An optional take-profit system allows partial position closure at an ATR-derived target, after which a trailing stop locks in profit on the remaining portion β tightening as price advances but never moving downward.
Position sizing can be set as fixed lots or as a percentage of account balance, where the lot size is automatically calculated so that the stop loss distance represents the chosen risk percentage.
Key Trade Parameters
- QQE settings β period, smoothing, fast factor, overbought/oversold levels are all adjustable to tune sensitivity.
- Stop loss β ATR-based, dynamically sized to recent volatility.
- Take profit β optional ATR-based target with configurable partial-close percentage.
- Trailing stop β ATR-driven, activates after the partial take profit fires.
- Max open positions β caps concurrent trades to control overall exposure.
- Invisible mode β when enabled, stop loss, take profit and trailing stop are managed internally rather than placed as broker-side orders, keeping your levels hidden from the broker.
Who This Bot Is For
Indigo is suited to traders who want a systematic, hands-off approach to buying dips on upward-trending instruments. It works well as a set-and-forget addition to an index-focused portfolio.
- Account size β any size is supported. Use fixed-lot mode for smaller accounts and balance-percent mode for accounts where you want risk to scale automatically.
- Trader profile β intermediate to advanced traders who understand ATR-based position sizing and are comfortable running automated strategies.
- Experience level β familiarity with cTrader's Automate environment is recommended so you can adjust parameters and monitor execution.
Important Limitations and Usage Notes
- Long only β the bot never opens sell positions. It is not designed for instruments that lack a structural upward bias; using it on forex pairs or commodities that mean-revert around a flat trend may produce poor results.
- No hedging or grid logic β each position is independent with its own stop loss and optional take profit.
- Backtest before live use β always validate parameter settings on historical data for your chosen instrument and timeframe before deploying with real capital. Download the trial version and back test it..
- Invisible mode caveat β when invisible SL/TP is enabled, stop levels are not visible to the broker, which means they rely on the bot running uninterrupted. A disconnection or platform crash could leave positions unprotected. Use broker-side mode if uptime cannot be guaranteed.
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