RiskManager v1
cBot
2 purchases
Version 1.0, Apr 2025
Windows, Mac, Mobile, Web
Since 31/10/2024
56
Sales
1.78K
Free installs
Description
This trading bot is designed to automatically manage open positions based on predefined daily performance thresholds. Its core logic focuses on disciplined risk management by implementing the following rules:
- Daily Profit Target: Once the bot achieves a specified profit level for the day, it will automatically close all open positions and halt further trading to secure gains and avoid overtrading.
- Maximum Daily Loss: If the bot reaches the maximum allowed loss for the day, it will immediately exit all trades and suspend trading for the remainder of the day to prevent further drawdown.
These parameters ensure that the bot follows a structured approach to capital preservation and profit locking, aligning with best practices in risk management.
Summary
AI summary
RiskManager v1 is an automated trading bot focused on disciplined risk management through predefined daily performance limits. It monitors open positions and enforces two key rules: a daily profit target and a maximum daily loss threshold. When the bot reaches the specified profit target for the day, it automatically closes all open trades and stops further trading to secure gains and prevent overtrading. Conversely, if the maximum allowable daily loss is hit, the bot immediately exits all positions and suspends trading for the rest of the day to limit drawdowns. These mechanisms aim to preserve capital and lock in profits by adhering to structured risk management principles.
Trading profile
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Discussion
FAQ
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
Since 31/10/2024
56
Sales
1.78K
Free installs
