📌 Engulfing Pattern cBot Pro
The Engulfing Pattern cBot Pro is a fully automated trading robot for cTrader, designed to detect and trade bullish and bearish engulfing candlestick patterns with precision. It includes advanced filters and risk controls, making it highly adaptable to different trading styles and market conditions.
🔑 Features:
- ✅ Trades both Bullish and Bearish Engulfing patterns
- ✅ Configurable long/short trade options
- ✅ Stop Loss based on either full candle range (high–low) or body size
- ✅ Dynamic Risk Management:
- Fixed volume or automatic calculation via Risk % of Equity
- Custom Risk-to-Reward ratio (TP = RR × SL)
- ✅ Filters for minimum candle body size and spread
- ✅ Session filter to restrict trades by time of day (UTC-based)
- ✅ Daily protection controls:
- Max trades per day
- Max daily loss limit (%)
- ✅ One trade per bar option to avoid overtrading
- ✅ Configurable maximum open positions
⚙️ How it Works:
- The bot continuously monitors the chart for engulfing patterns.
- When a valid signal is detected (based on filters), it calculates position size according to your risk settings.
- It automatically places market orders with Stop Loss and Take Profit.
- Built-in safety mechanisms prevent excessive losses or overtrading.
This makes the Engulfing Pattern cBot Pro a powerful tool for traders who want a rules-based, disciplined approach to candlestick trading.
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