cBot Overview

This cBot is designed to automate one of the most important aspects of risk management: protecting capital. Instead of manually adjusting stop losses, the Smart Break-Even Manager watches open positions and, when conditions are met, adjusts the stop to breakeven plus an optional buffer. It works quietly in the background to secure trades without requiring constant attention from the trader.

Background & History

Traders have utilised the concept of breakeven management for decades as a means to mitigate risk once the market moves in their favour. The earliest implementations were manual, requiring constant monitoring. With the growth of algorithmic trading platforms, such as cTrader, breakeven adjustments have become automated, thereby reducing human error and increasing traders' confidence in their risk controls.

How the cBot Works

The cBot continuously monitors all open positions on the chart symbol. It checks if each position has reached a user-defined profit threshold (trigger in pips). Once this condition is met, the cBot automatically adjusts the stop loss to the entry price plus an additional number of pips, securing a small profit while removing downside risk. Traders can filter trades by label and use a cooldown timer to prevent repeated adjustments. The changes are displayed in the cBot log, allowing traders to see exactly when breakeven was applied.

Key Features

The Smart Break-Even Manager is designed to be both simple and powerful. It ensures that once a trade moves into profit, you no longer risk turning a winning position into a losing one.

• Automatic stop loss adjustment to breakeven.

• Option to add extra pips for locking in profit.

• Trade filtering by label.

• Cooldown timer to control adjustment frequency.

• Works on any cTrader symbol and account type.

How to Use it for Trading

To use the cBot, attach it to a chart of the symbol you are trading. Set your preferred trigger level in pips, for example, 10 pips. When a trade moves at least 10 pips in profit, the cBot will automatically adjust the stop loss to breakeven. You can also add extra pips so that the stop is placed slightly beyond breakeven to secure profit.

For bullish conditions, this means your stop loss moves up to secure gains when the price rises in your favour. For bearish conditions, it works in reverse, moving the stop down. Beginners can start with default settings to get used to how breakeven management works. At the same time, advanced traders can combine this tool with their broader strategy, trend filters, and position sizing for maximum effect.

Inputs & Parameters

The cBot features flexible parameters, allowing traders to adjust it to their preferred style of risk management.

Formula

The cBot calculates the breakeven adjustment using the following formula:

Advantages

The Smart Break-Even Manager eliminates the need to monitor trades constantly. It reduces emotional decision-making, locks in profits automatically, and protects capital without requiring extra effort. For busy traders, it can be a crucial part of risk management.

Disadvantages

In fast-moving markets, moving a stop to breakeven too early may result in being stopped out before the trend continues. This tool does not predict price direction; it only manages risk after entry. Settings that are too tight can limit potential profit.

How To Install & Remove

First, ensure that you have the cTrader trading platform installed. Then, unzip the file and double-click it to install the platform automatically.

• How to install
• How to open
• How to remove
• How to edit settings

Need a Broker

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