The cTrader average true range (ATR) is a technical analysis indicator that measures market volatility by analysing the complete range of an instrument price for the selected period which was was introduced by market technician J. Welles Wilder to measure of volatility. It can also help traders decide when they might want to enter a trade, and it can be used to determine the placement of a stop-loss order. This process can be automated using our ATR Stop cBot which is sold separately.
The cTrader Average True Range (ATR) Trailing Stop is an automated trading system that can manage your stop loss for new and existing orders by trailing it behind the price of an instrument based on the ATR indicator which is provided for free. The Average True Range is a popular indicator in the trading environment, ideally used to measure the volatility of an instrument.
This free Waddah Attar Explosion indicator for the cTrader trading platform is based on price action and can be used by trader's to help identify when the price of an instrument has started moving as a continued trend or is about to break-out after being in a range or after a price reversal. This is a conversion of a famous MT4 indicator that uses MACD & Bollinger Bands to track trend direction and strength. Also, included is an additional feature to send Telegram alerts.
The cTrader platform does not have an automated advanced protection feature for trades that open in the future, this tool will protect your exposed positions while you are away from your desk. There are 5-take profit targets, a break-even stops, trailing stop loss and stealth stops. This tool also allows single or multiple symbol management or to attach to specific trading systems using the position label.
The cTrader TrueFx Price Web API library will allow free easy access to the TrueFx Forex price data feed delivered directly with no intermediary to be used in a custom cTrader cBot or indicator and get free clean untouched real-time Forex price data.
The cTrader Forex News Calendar Professional is the only tool you need to manage high-impact news events to protect your money and control your automated trading systems while you sleep. This is a feature-rich application that will send you a popup, email, Telegram & SMS alerts before the news event happens as well as allowing you to filter the news and display upcoming events on the chart.
The original version of Stochastic or CCI oscillators could be a good indicator for telling when the price is oversold/overbought but very often the signals are wrong. This issue has been solved by combining those two indicators together and adding some filters for excluding wrong signals.
This trading system is not your normal grid-hedge strategy, it uses a mixture of multi-timeframe technical trend indicators and an intelligent smart system to place trades on price retracements against the trend for a more accurate entry price. The core engine uses a unique algorithm to favour winning trades and reduce losses.
This article will explain how you can add Telegram alerts into your existing or new automated trading system for the cTrader trading platform using Microsoft Visual Studio & the C# programming language....
Risk Disclosure: Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.