"DragonRSIcBotDemo" logosu
DragonRSIcBotDemo
0.0
23/08/2025
15
Desktop, Mobile, Web

DragonRSIcBot automates a simple RSI entry with a controlled martingale/grid recovery:

Real Account Bot at https://ctrader.com/products/1712

  • Entry logic (RSI):
    When there are no open grid positions, the bot checks the RSI. If RSI falls below OversoldLevel, it opens a Buy; if RSI rises above OverboughtLevel, it opens a Sell. RSI period and source are configurable.
  • Grid / martingale expansion:
    If a basket is open, the bot measures the adverse move from the last grid position. When price moves at least Step (pips) against that last entry, it adds another position in the same direction. Position sizing follows an exponential lot multiplier:
    lots = Quantity * (LotMultiplier)^(number_of_existing_positions)
    and is capped by Max Lots.
  • Basket exit:
    The entire basket closes once the sum of net P/L across all grid positions reaches Target Profit (in account currency).
  • Risk controls:
    • Max Spred: blocks new entries if current spread exceeds the limit.
    • Stop Equity: if account equity drops below this level, the bot closes all positions and stops.
    • Insufficient funds: if a new order fails with NoMoney, the bot stops adding to the grid.
  • Parameters (key):
    • Volume: Quantity (Lots)
    • RSI: Source, Periods, Overbought Level, Oversold Level
    • Martingale/Grid: Use Martingale (on/off), Step (pips), Target Profit, Lot Multiplier
    • Risk: Stop Equity, Max Lots, Max Spred
    • Misc: Label (used to group positions)
  • Implementation notes:
    • Positions are labeled and filtered by symbol + label to manage the basket cleanly.
    • Distance to trigger the next grid leg is computed in pips from the last position’s entry price to current Bid/Ask (direction-aware).
    • All basket operations use total NetProfit aggregation.
  • Usage tips & cautions:
    • Martingale and grids can incur rapid drawdowns—set Stop Equity, Max Lots, and Step (pips) conservatively and test on a demo first.
    • Choose RSI levels that fit the symbol and timeframe; common starts are 30/70 with 14 periods.
    • Keep Max Spred tight on volatile or exotic symbols to avoid poor fills.
    • The Label lets you run multiple instances on different symbols or settings without interference.

Disclaimer: Grid/martingale strategies carry substantial risk. Use at your own discretion and always validate settings on historical data and in demo before going live.

More from this author
DragonNewsBot
This is a fully automated news-driven trading robo
cBot
commodities
xauusd
DragonGoldEAProNet6
Dragon GOLD EA, uses trade gold with good profit, minimum balance is 3000$ with lot 0.01, on M5 bar with gold pair
BTCScalpingNet6Demo
Demo version of https://ctrader.com/products/318
cBot
martingale
scalping
DragonScalpingProV2
Scalping bot with profit  400% per year
cBot
scalping
DragonScalpingProV2Demo
The demo version of Scalping bot https://ctrader.com/products/257
cBot
forex
eurusd
DragonMoneyForexNet6
This production version of Dragon Money Forex Pro
cBot
eurusd
martingale
usdjpy
FibonacciScalperNet6Demo
This Version only supports Demo accounts or Backtest Please Download the pro version at https://ctrader.com/products/312
DragonXAU2V2
GOLD Trade Free Demo at https://ctrader.com/products/1729
cBot
xauusd
commodities
DragonGoldEAProNet6Demo
Demo version of https://ctrader.com/products/315
cBot
commodities
xauusd
DragonGoldEAPro_SELLNet6
Dragon GOLD EA uses trade gold with good profit, the minimum balance is 3000$ with lot size 0.01, SELL
cBot
forex
eurusd
DragonMoneyForexNet6Demo
Demo version of https://ctrader.com/products/298
cBot
eurusd
martingale
usdjpy
FibonacciScalperNet6
Free Demo Version here https://ctrader.com/products/313
cBot
commodities
xauusd
DragnGoldEAPro_SELLNet6Demo
Dragon GOLD EA uses trade gold with good profit, the minimum balance is 3000$ with lot size 0.01, SELL on demo account.
DragonRSICbot
DragonRSIcBot is an RSI-driven grid/martingale cBot for cTrader. It opens an initial trade when RSI signals.
DragonXAU2V2Demo
GOLD trade Real Accout at https://ctrader.com/products/1728
DragonGridCbot
cTrader cBot that implements a grid trading strategy, free demo account at https://ctrader.com/products/1656
GragonGridCbotDemo
Demo for bot https://ctrader.com/products/1655
BTCScalpingNet6
BTC m1 H1 Scalping
Şunları da beğenebilirsiniz
BETA DASHBOT
DASHBOT muestra en tiempo real el Spread, Lote, Comisión, Trailing Stop sugerido y Ruido de mercado en pips.
PivotPointBot
PivotPointsBot, leveraging the time-tested pivot point strategy!
cBot
forex
indices
[Stellar Strategies] SP500 Gap Closure cBot 1.0
Trading robot designed to trade the S&P 500 index (or any other instrument) based on the concept of gap closure. 📉📈
DMG BANK 1.6 C.BOT TRial
DMG BANK 1 6 bot di Arbitraggio Triangolare
DMG VELOCITY C BOT
Questo C BOT misura la velocità del prezzo (price velocity) tramite la differenza tra le chiusure delle ultime N barre
cBot
forex
DMG DUAL FINANCIAL STRATEGY BOT DEMO
La DMG Dual Financial Strategy è un sistema di trading algoritmico progettato per operare su mercati forex
DMG SWING RAZOR SCALPER DAY 15 Trial
DMG SWING RAZOR SCALPER DAY 15 Trial
VegaXLR - Trendline Trading cBot
This is a cBot that will detect trendlines on the chart and open trades when the price interacts with them.
cBot
commodities
xauusd
Golden Frequency
Your 24/7 Golden Trading Sentinel. Precision Engineered for Gold Traders . ENJOY !!
cBot
usdjpy
777 - Propfirm PASS Low Risk - adjustable cBOT Enc DEMO
USD/JPY Specialist
needThaiBot Automated
🤖🤖The World First Automated AI Trading Bot 🤖 🤖 , Please try default setting before making any changes
cBot
ai
rsi
macd
needThai Smart Trend Trading AI Bot
Smart Trend Trading Bot, Best Trend Identified, Please try default setting before making any changes
GJ-M5-Scalper-V1
This cBot "GBPJPYM5ScalperX" implements a scalping strategy on the GBP/JPY 5-minute chart.
cBot
prop
NoWeekendHoldingV2
'No Weekend Holding' makes sure that your trades are closed before the weekend and opens them again after the weekend.
DMG GOLDEN For Time M5 Trial Day -15
DMG Golden for Bot Time
Heikin Aishi Trailing Stop AutoBot
Trade fearlessly: auto-adjusts stops, manages risk, and locks profits with precision
GOLDEN BEATS Bot Trial DAY- 15
GOLDEN BEATS Soft TRIAL DAY 15
SLTPTrailing
this cbot is customarily designed for intuitive traders. who are looking for efficient way to manage their positions.