PULLBACK ENTRY: SMARTER BREAKOUT TRADING

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Don't chase breakouts - let price come to you!

This bot automates the classic "breakout + pullback" strategy that professional traders use:

1. Wait for price to break a key level (confirming momentum)

2. Enter on the pullback/retracement (better price, tighter stop)

Why Pullback Entry?

- Avoid false breakouts by waiting for confirmation

- Get better entry prices than chasing the breakout

- Tighter stop losses = better risk/reward ratio

- No need to watch charts 24/7 - bot handles execution

How It Differs from Native Stop-Limit:

cTrader's stop-limit:

- Triggers limit order when price hits stop level

- Entry at or near the trigger price

PullbackEntryFree:

- Waits for breakout confirmation (BK line)

- Places limit order at pullback level (EN line)

- Catches the retracement for optimal entry

KEY FEATURES

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[Powerful Visual Planning]

- Drag-and-drop lines directly on chart: BK (breakout), EN (entry), SL (stop loss), TP (take profit)

- Real-time preview showing pips, dollars, and lot size for each level

- Smart constraints prevent illogical line positions (e.g., SL above entry for Buy)

- Auto-adapting colors for light/dark chart backgrounds

- State preservation when switching timeframes

[Complete Position & Risk Management]

Three professional position sizing modes:

- Fixed Lots: Trade a constant lot size you specify

- Equity %: Size based on percentage of account equity

- Risk %: Calculate lots based on stop loss distance and your risk tolerance

Combined with customizable Stop Loss and Take Profit, you get complete control over position sizing and risk protection.

[Flexible Direction]

- Ctrl+Click sets the breakout (BK) AND decides direction by click position:

- Click above current price → Buy setup

- Click below current price → Sell setup

- Click-based direction overrides the Direction parameter. If no click was made (e.g. restored state), the Direction parameter is used as default.

WHY CHOOSE THIS BOT?

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Unlike basic limit order tools, this bot offers:

- Visual drag-and-drop planning (not just input boxes)

- Breakout-triggered logic (different from native cTrader stop-limit)

- 3 position sizing modes in ONE tool

- Real-time P&L preview before trade triggers

- Integrated SL/TP with smart constraints

All-in-one solution. No need for multiple separate tools.

HOW IT WORKS

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1. Ctrl+Click on chart to set the breakout (BK). Direction is chosen automatically by your click position (above price → Buy, below → Sell). A hint is shown at top-left until you create the order group.

2. The bot creates EN/SL/TP planning lines automatically; drag to fine-tune levels.

3. The bot monitors price; after breakout it places a limit order at EN with SL/TP attached.

4. Delete BK or EN line anytime to cancel the setup (you can then Ctrl+Click again to create a new one).

5. If you delete SL or TP line, you can recreate it by changing the corresponding parameter in the settings panel.

NOTE: Single-group version only allows ONE order group at a time. Additional Ctrl+Clicks are ignored until the current group is deleted or triggered.

FREE VERSION

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This is the FREE single-group edition - perfect for traders who need one breakout setup at a time.

Need more power? Upgrade to "PullbackEntryPro" for:

- Multiple simultaneous order groups

- Independent settings per group

- Visual group connectors and labels

- Scale-in and bracket order strategies

REQUIREMENTS

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- Works on all symbols and timeframes

- No external dependencies

- AccessRights: None (safe, no external access)

VERSION INFO

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Version: 1.0

Author: efem2000

License: Freeware