Strategy Type & Trading Approach
This is a trade management cBot, not a signal generator. It does not open positions independently. It works exclusively as a post-execution risk manager, designed to complement webhook-based algorithmic strategies routed through Algoway Connector from TradingView to cTrader.
Entry Logic & Execution Behaviour
The cBot monitors all account positions in real time. The moment a new position is opened (via Algoway webhook), it automatically attaches a Stop Loss and Take Profit to that position using the values configured in the parameter panel. No manual intervention is required after setup.
Risk & Capital Management Principles
Stop Loss and Take Profit are applied in points, giving precise control across all instruments. An optional Trailing Stop can be activated to lock in profits as price moves in favour. The trailing mechanism only moves the SL in the profitable direction and never reverses, protecting open gains without capping upside.
Key Trade Parameters
- Stop Loss Distance (Points)
- Take Profit Distance (Points)
- Enable Trailing Stop (On/Off)
- Trailing Stop Distance (Points)
- Trailing Step — minimum move required before SL updates (Points)
- Symbol Filter — optionally restrict management to a single instrument
Best Suited For
Traders using TradingView strategies routed to cTrader via Algoway Connector, where the API does not support attaching SL/TP directly to market orders. Suitable for all account sizes and experience levels. Ideal for systematic and algorithmic traders who want automated risk management without manual order modification.
Important Limitations & Usage Notes
- This cBot must remain running on an active chart at all times to function
- It does not generate trade signals or open positions independently
- Trailing Stop is applied on every tick and may increase CPU usage on lower-end machines
- SL and TP values must be manually matched to your TradingView strategy settings for consistency
- Designed for use with Pepperstone cTrader but compatible with any cTrader-supported broker
