This is a much improved version of the cTrader Switchback Indices cBot which now gives good results with Forex. It still uses a comprehensive Smart-Grid Strategy is based on Multi-Time-Frame trending indicators with 25 combinations together with Advanced Risk Management, but now has had the benefit of feedback from customers on how to improve it.
Why not watch a video explaining the strategy by clicking on the "Watch a Demo" tab above
WE PROVIDE FREE ORGANIC DEVELOPMENT
An organic strategy is one where we provide you with a pre-built automated strategy and together with feedback from the users we add more features free of charge. We do not just sell you software and walk away, you will benefit from ongoing development improving the system for a better return.
Click on the New Features tab above to see what we have added recently.
"We water the strategy and watch it grow"
How the Indicators Work
The Hull Moving Average and Di-Napoli Stochastic have custom signals for Buy and Sell signals, below is a description for each one.
There are 5 configurable time-frames for each indicator.
Hull Moving Average (HMA)
The HMA works on up to 5 different time-frames and if the signal is Bullish on any of the time-frames you select then no sell positions will open. If the signal is Bearish on any of the time-frames you select then no buy positions will open.
- For a Sell all signals must say Bearish
- For a Buy all signals must say Bullish
This indicator is more complex and have many variables to provide a signal for buy or sell, again it requires all time-frames to signal a buy or sell, the variables are listed below.
- The signal line must be Falling (Bearish)
- The signal line must be Greater than the Lower RSI threshold you set in the parameters
- The distance between the Signal and Result lines must be Greater than the value you select in the parameters for the Smooth Curce Distance
- The signal line must be Rising (Bullish)
- The signal line must be Less than the Higher RSI threshold you set in the parameters
- The distance between the Result and Signal lines must be Greater than the value you select in the parameters for the Smooth Curce Distance
Trading Cycle Pause - Closing positions
This is a very important section as the strategy has a good entry point with many multi-time-frame indicators, but when the cycle is near exhaustion it starts to lose trades, with this setting you can pause all trading and even close open positions. This will than allow you to monitor the cycle to see if it has ended and you should turn the cBot off.
Lifetime License with Free Updates
The license type is perpetual that will allow the customer to use the licensed software indefinitely and receive free updates when they occur.
All updates will reflect what the customers feel would improve the product, so you benefit from the strategy improving over time.
This product comes with a comprehensive user manual to help you understand all the parameters and how to setup and use this complex strategy.
Download the User Manual
We have just opened an account with Myfxbook which records real-time trade results for the strategy on 02.02.2017.
We will really need 12 months of data, but until we have solid historical results the strategy is being sold for a very low price.
Visit MyFxbook to see Live Results
The following results are for basic parameter settings; you can get even better results by adding the news release manager integration.
PLEASE NOTE THAT YOUR BACK-TEST RESULTS MAY VARY DUE TO WHICH BROKER YOU ARE USING AND YOUR PROXY SERVER LOCATION.
London Proxy, you can check this by right click mouse on the platform bottom right.
Commission 40 per Million
1 min bar from server (open prices)
Download the EUR USD Parameter cBotSet
IMPORTANT - What you should be looking at is Max Equity Drawdown and Net Profit.
The results we try and acheive are a drawdown of 5% or less with at least 10% profit.
The idea is to have multiple symbols running at the same time, each one on its own does not product many trades per annum, but all together they provide adequate returns.
There is a setting in the robot to prevent multiple symbol instances running at the same time to prevent a higher drawdown, you can set this to any value.
RESULTS USING THE EXAMPLE CBOTSET ABOVE
EURUSD 1 Yr. Data
17% Return, 4.25% Max Equity Drawdown
The results are just for a single Symbol instance, the strategy is designed to run multiple symbols at the same time to provide a larger Net profit.
EURUSD 2 Yrs. Data
13% Return, 5.18% Max Equity Drawdown
This product is designed for a low drawdowns and a realistic profit target.
EURUSD 3 Yrs. Data
16% Return, 5.03% Max Equity Drawdown
EURUSD 5 Yrs. Data
18% Return, 5.48% Max Equity Drawdown
Want to Trade Indices?
FREE UPGRADE FOR EXISTING CUSTOMERS
Customers who purchased v1.0 of the Switchback cBot for Indices can download this FOREX version for free and will continue to get all future versions at no extra cost. You get both robots for the price of 1.
Custom Development Work Available
Why not add new features to this strategy for your own personal use, contact us if you want any custom development work done of this product.
Why not watch a video explaining the strategy by scrolling up and clicking on the "Watch a Demo" tab above