cBot
RSI
Indices
Scalping
poorEX
"poorEX" logo
03/09/2025
Desktop, Mobile, Web
Since 05/02/2025
Traded volume
124.91M
Pips won
48.96K
Free installs
21
"poorEX" uploaded image"poorEX" uploaded image

This cBot is designed to automate trading on the cTrader platform using a strategy of utilizing a combination of technical indicators and risk management techniques. Below is a detailed explanation of the key components and functionalities of the bot:

Key Features and Components

  1. Parameters:
    • Risk Percentage (%): The percentage of the account balance to risk on each trade.
    • Take Profit (pips): The number of pips to set as the take profit level.
    • Trailing Stop (pips): The number of pips to trail the stop loss behind the current price.
    • Initial Stop-Loss (pips): The initial stop loss level in pips.
    • Maximum Risk per Trade (%): The maximum percentage of the account balance to risk on a single trade.
    • Position Size Scaling Factor: A factor to scale the position size based on the number of open positions.
    • Max Open Positions: The maximum number of positions that can be open simultaneously.
    • Break-Even Profit (pips): The number of pips in profit required to move the stop loss to the entry price (break-even).
    • News Event Start Time UTC (HH:mm ): The start time of the news event during which trading is avoided.
    • News Event End Time UTC (HH:mm ): The end time of the news event.
  2. Indicators:
      • S/R Bands: Used to identify potential support and resistance levels.
      • Moving Averages: Different moving average durations on five different time frames are used to determine the trend direction.
      • Relative Strength Index: Used to identify overbought and oversold conditions.
  3. Entry Conditions:
    • Buy Entry: The bot enters a buy position if the price is above the band, above the MAs on multiple time frames, and the RSI is overbought.
    • Sell Entry: The bot enters a sell position if the price is below the band, below the MAs on multiple time frames, and the RSI is oversold.
  4. Risk Management:
    • Lot Size Calculation: The lot size is calculated based on the account balance, risk percentage, and the number of open positions. The position size is scaled down as more positions are opened.
    • Trailing Stop: The stop loss is trailed behind the current price by a specified number of pips.
    • Break-Even Stop: The stop loss is moved to the entry price once the trade reaches a specified number of pips in profit.
    • Maximum Position Limit: The bot limits the number of open positions to a specified maximum.
  5. News Event Filter:
    • The bot avoids opening new positions during specified news event times.
  6. Logging:
    • The bot logs indicator values and trade execution details for debugging and monitoring purposes.


**Can grow a small account as low as $100.00 based on back testing results on a 1 month duration. Proving its probability of generating profits using strict rules in the automated scalping strategy I developed. Scanning multiple timeframes for confirmation of entries and strict risk management rules.

***Will not apply indicators on your clean chart but BUY/SELL orders are executed using indicator rules..

****Don't be worried if the bot is not entering trades even if you manually see a possible trend/entry. It just means that a rule hasn't been satisfied in one of the timeframes which could potentially initiate a sudden drawback upon entry. Less entry, less mistake, more wins.

*****Default TIME FILTER is applied for the bot not to enter trades during "High Impact News".

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