Candle Color Algo
cBot
Tested on Deriv
Version 1.0, Apr 2026
Windows, Mac, Mobile, Web
4.5
Reviews: 4
1
Purchases
1821%
ROI
8.12
Profit factor
0.87%
Max drawdown
48
Sales
3.86K
Free installs
Description
Candle Color Algo is a precision-engineered cTrader robot designed to capture high-probability trend reversals using Heikin Ashi candle logic combined with a powerful EMA trend filter. Built with strict risk controls and broker-safe execution, this system is ideal for traders who want controlled stacking with intelligent protection.
🔍 Strategy Overview
This robot identifies momentum shifts using candle color transitions:
- Detects Heikin Ashi color change (Red → Green / Green → Red)
- Confirms direction using a 60 EMA trend filter
- Executes stacked entries in the direction of the trend
- Automatically closes opposite positions on reversal signals
The result: clean entries, controlled exposure, and disciplined exits
⚙️ Default Parameters & Explanation
🔹 Strategy Settings
- Use Symbol Min Volume = true
Automatically uses broker’s minimum allowed lot size for safer execution. - Quantity per Trade = 0.01 lots
Used only if min volume is disabled. - EMA Periods = 60
Defines the trend direction filter. Trades only align with this EMA. - Max Position Stack = 2
Limits the number of simultaneous positions to control exposure.
🔹 Filters
- Max Allowed Spread = 500 pips
Prevents trading in high-spread conditions (useful for synthetic/volatile markets).
🔹 Stack Protection (Basket Control)
- Use Global SL = true
Enables total floating loss protection. - Stop Loss Total = $10
Closes all positions if total loss reaches -$10. - Use Global TP = false
Disabled by default. - Take Profit Total = $50
If enabled, closes all positions at +$50 profit.
🔹 Session Control
- Use Session Filter = true
Trades only during defined hours. - Session Open = 01:00
- Session Close = 23:00
Avoids low-liquidity or unstable periods.
🔹 Risk Management (Account Protection)
- Stop Robot: Net Profit = $5000
Stops trading completely after reaching profit target. - Stop Robot: Net Loss = $1000
Hard stop to protect account from excessive drawdown. - Pause Day: Daily Profit = $2000
Stops trading for the day after hitting profit. - Pause Day: Daily Loss = $50
Stops trading for the day to prevent overtrading losses.
🧠 Key Features
✔️ Heikin Ashi Reversal Logic
✔️ EMA Trend Confirmation
✔️ Smart Position Stacking
✔️ Global Basket SL/TP Protection
✔️ Daily Profit & Loss Control
✔️ Session-Based Trading Filter
✔️ Broker-Safe Minimum Volume Execution
✔️ Real-Time Dashboard (PnL, Status, Spread, Stack)
✔️ Visual Trade History on Chart (lines + results)
🖥️ Recommended Broker Setup
For optimal performance, use:
- Broker: Deriv
- Account Type: Synthetic / Volatility Indices/Hedge
- Minimum Balance: $1000 USD
- Leverage: 1:10000
⚠️ Important Notes
- Designed for high-volatility instruments
- Works best on stable spreads and fast execution brokers
- Not suitable for very low-balance accounts due to stacking logic
📊 Who Is This For?
- Traders who want automated reversal entries
- Users looking for controlled grid/stack strategy
- Anyone needing strict risk protection + automation
⚠️ Risk Disclaimer
Trading involves risk. Past performance does not guarantee future results.
Summary
AI summary
Candle Color Algo is a cTrader trading robot designed to identify and capture high-probability trend reversals using Heikin Ashi candle color changes combined with a 60-period Exponential Moving Average (EMA) trend filter. The system detects momentum shifts by monitoring transitions in Heikin Ashi candle colors (red to green or green to red) and confirms trade direction with the EMA. It executes stacked entries aligned with the trend and automatically closes opposing positions upon reversal signals, aiming for clean entries, controlled exposure, and disciplined exits.
Key features include smart position stacking with a maximum of two simultaneous positions, global basket stop loss and optional take profit for total floating loss protection, daily profit and loss limits, session-based trading filters to avoid low-liquidity periods, and broker-safe minimum volume execution. The robot provides a real-time dashboard displaying profit and loss, status, spread, and stack information, along with visual trade history on the chart.
Recommended for use on high-volatility instruments, especially synthetic and volatility indices on brokers like Deriv, it requires a minimum balance of $1000 and high leverage (1:10000). The strategy suits traders seeking automated reversal entries with strict risk management and controlled grid/stack trading.
Key features include smart position stacking with a maximum of two simultaneous positions, global basket stop loss and optional take profit for total floating loss protection, daily profit and loss limits, session-based trading filters to avoid low-liquidity periods, and broker-safe minimum volume execution. The robot provides a real-time dashboard displaying profit and loss, status, spread, and stack information, along with visual trade history on the chart.
Recommended for use on high-volatility instruments, especially synthetic and volatility indices on brokers like Deriv, it requires a minimum balance of $1000 and high leverage (1:10000). The strategy suits traders seeking automated reversal entries with strict risk management and controlled grid/stack trading.
Trading profile
Trading style
Scalping
Strategy type
Trend
Analysis type
Algorithmic
Technical
Trade frequency
Medium
Min recommended balance
$1000
Risk per trade
2%
Chart period
1 minute
Backtesting leverage
1:1000
Daily drawdown limit
5%
Prop firm rule fit
—
Risk management
Risk model
Fixed lot
Supported order types
Market
Max quantity (lots)
1
Supported risk controls
Stop loss
Equity stop loss
Daily limits
Max drawdown limit
Session filter
Spread filter
Take profit
Customer reviews
4.5
Reviews: 4
5 | 50 % | |
4 | 50 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
April 20, 2026
this feels useful once the plan already has a plan. The main value is following the broader move, not chasing every signal that appears. The part to watch is whether bad trades cluster too quickly.
April 20, 2026
Not bad, just needs realistic expectations. Makes more sense as one more check and ignore it when the chart looks messy. The useful comparison is hit rate versus average R.
April 20, 2026
Not a shortcut machine, but it has a clear role. It helps with trend filtering, while the weak spot is that sideways markets can weaken the signal. A smaller first run keeps the risk easier to read.
April 15, 2026
I liked it more as a backup layer for trend filtering than as something to follow blindly. Direction is easier to respect, and the final decision still feels like it belongs to the trader.
Discussion
FAQ
No Overtrading
Stop Loss (SL) Manager
EMA
Volume
Daily Loss Limit
Take Profit (TP) Manager
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.
Price
48
Sales
3.86K
Free installs