DragonGridCbotDemo is an automated trading robot for the cTrader platform that implements a grid trading strategy. It places market orders in a chosen direction (Buy or Sell) at intervals defined by the StepPips parameter. New positions open when the price moves beyond the set pip distance from the last position, subject to available funds. The lot size increases exponentially with each new position based on the LotMultiplier parameter, following a Martingale-like approach to manage losses or leverage market trends.
The cBot tracks the combined net profit of all open trades and closes them once the TargetProfit in account currency is achieved. It includes risk management features such as a StopEquity parameter that stops trading and closes positions if account equity falls below a specified threshold. The initial trade size is set by VolumeInLots, and positions are labeled for identification. If funds are insufficient, the cBot halts new trades and logs errors.
This cBot supports multiple markets including Forex, indices, commodities, stocks, and cryptocurrencies, with symbols like BTCUSD, EURUSD, GBPUSD, XAUUSD, NAS100, and USDJPY. It is designed for traders using grid and Martingale strategies and requires careful backtesting due to its risk profile.