present
Sign up and get $50 off your first purchase
Trading product for RedAndBlack cBot BTCUSD Forex, image 1
RedAndBlack
cBot
430 downloads
Version 1.0, Aug 2024
Windows, Mac, Mobile, Web
Trading product for RedAndBlack cBot BTCUSD Forex, image 2
Trading product for RedAndBlack cBot BTCUSD Forex, image 3
Trading product for RedAndBlack cBot BTCUSD Forex, image 4
Since 07/08/2024
5
Sales
3.24K
Free installs

Description

🎯 Core Idea

The RedAndBlack strategy is based on a simple principle:

  • If a candlestick closes bullish (green) → open a Buy position.
  • If a candlestick closes bearish (red) → open a Sell position.

This way, traders follow the market trend and react to its current sentiment.


⚙️ Strategy Parameters

1. Take-Profit (TP) and Stop-Loss (SL)

  • Set individually by the trader.
  • Allows customization according to personal goals and risk tolerance.

2. Timeframes

  • Recommended: 15 minutes to 1 hour (M15 – H1).
  • These intervals balance signal frequency with reliability.

3. Trading Time Management

  • Avoid trading during major news releases.
  • Best to launch the strategy after important economic data is published — this helps prevent unpredictable market spikes.

4. Martingale Function

  • Optionally, increase the position size after a losing trade.
  • ⚠️ Use cautiously, since it significantly increases risk.


📚 Educational Purpose

  • The algorithm is primarily designed for educational use.
  • Can be applied to any asset class.
  • Useful for both beginners (to understand market mechanics) and experienced traders (to refine discipline and risk management).


✅ Conclusion

RedAndBlack is a simple yet versatile strategy that allows traders to follow the market’s movement. It is especially suitable for practice, learning, and improving trading skills.

Summary

AI summary
RedAndBlack is a trend-following trading bot that opens buy positions after bullish (rising) candlestick closes and sell positions after bearish (falling) closes. It operates on recommended timeframes between 15 minutes and 1 hour to balance signal frequency and reliability. Users set their own take-profit and stop-loss levels to align with personal risk tolerance and trading goals. The bot includes an optional Martingale function to increase position size after losses, which carries increased risk and should be used cautiously. It supports trading across any asset class and is designed primarily for educational purposes, helping both beginners understand market mechanics and experienced traders refine discipline and risk management. The strategy advises avoiding trading during major news releases to reduce exposure to unpredictable price spikes. Tags indicate applicability to markets such as Forex and symbols including BTCUSD, EURUSD, GBPUSD, USDJPY, and XAUUSD, and it relates to strategies like scalping and indicators such as Supertrend, RSI, and MACD.
Trading profile

Customer reviews

0.0
Reviews: 0
Customer reviews
No reviews for this product yet. Already tried it? Be the first to tell others!

Discussion

FAQ

BTCUSD
Forex
Signal
Scalping
EURUSD
Supertrend
GBPUSD
RSI
XAUUSD
Martingale
MACD
USDJPY
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.

You may also like

cBot
AI
ATR
+27
The Prop-Ready Bot The Definitive Automaton for Challenges 🛡️ V2.0
cBot
ATR
Auto-manages SL, TP, and position size to enforce risk discipline. Never enter a trade without a plan again.
cBot
Aggressive
Break Even
+1
This is a 2nd Version of "MycBots" swing trading + scalping strategy for XAUUSD and other Symbols.
37%
ROI
1.85
Profit factor
cBot
AI
Scalp you rich!
cBot
ATR
Indices
🚀N.B.: Results with an initial invested capital of 100 euros.
cBot
SL Manager
TP Manager
+2
Risk Control App that calculates the lot size according to the risk and automatically places Stop Loss and Take Profit
cBot
Position Sizer
Verwendet RSI und EMA Perioden . Fixe Minimalste Position.
30.55
Profit factor
cBot
ATR
EMA
+5
Smart Trading Bot with Rich Management Tools for FOREX PAIRS, NASDAQ, GOLD, OIL
14.4%
ROI
1.38
Profit factor
cBot
Forex
Crypto
+2
Smart automated trading. Our bot works 24/7 to grow your capital while you relax. Effortless, intelligent, and secure.
cBot
Forex
EURUSD
Easy Trade, Just Plug and Play!
cBot
Prop Firm Fit
Trailing Stop
+4
Copy trades remotely from different computers with risk management, prop firm compliance, and dynamic lot sizing.
cBot
AI
MACD
+5
World First AI Trading now with Fibonacci Strategy Please ENJOY!! Adjust to suit your own strategy and risk management
9%
ROI
3.9
Profit factor
cBot
ATR
Grid Recovery
+2
Modern griding bot with ATR features.
136%
ROI
2.36
Profit factor
cBot
Volume
Key Levels
+5
Connect your cTrader account to your account and monitor trading activity and broadcasts signals
cBot
Trading_stop DEMO for cTrader Description: Trading_stop is a fast, lightweight trailing stop panel for cTrader, designed
cBot
Prop Firm Fit
Stop Loss (SL) Manager
+1
HTS Strategy Tester - Advanced Multi-Timeframe Trend & Pullback Trading System H1/m1 & H4/m5 WWS 33/144 Start from 100$
90.1%
ROI
2.92
Profit factor
cBot
ADX
ATR
+5
Analyze quarterly cycles and weekly seasonality patterns across multiple instruments with historical bias data
cBot
EMA
MACD
+5
A disciplined MACD‑EMA trading bot with smart protection, timed SL control, and reliable automated trade execution.
1
Profit factor

Price

Since 07/08/2024
5
Sales
3.24K
Free installs