Description
FREE VERSION, already over and was given to 20 users.. This basic version now is sold for $99..
FREE version!!! Only limited to 10 users and will be deleted and only paid version will be available.
FREE version will be only available until whole of March 2025 (my birthday month)
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
- 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.
- Initial Stop-Loss (pips): The initial stop loss level in pips.
- 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.
- 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.
**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".
