Stop and target tools in day trading help traders define and manage their risk-reward strategy by automating stop-loss and take-profit levels. These tools ensure disciplined trade exits, protect capital, and lock in profits while minimizing emotional decision-making.
This basic starter kit for algo developers uses an open-source cTrader Parabolic SAR Trailing Stop, this fully working cBot will set a stop loss on an open position to follow the Parabolic SAR dots for extra risk management. Risk management is one of the most important aspects of trading, and having a stop-loss will protect you from margin calls and significant losses.
The cTrader platform does not have an automated advanced protection feature for trades that open in the future like automated or pending orders, this tool will protect your exposed market orders while you are away from your desk. There are 5-take profit targets, a break-even stops, trailing stop loss and stealth stops.
The cTrader Candle High & Candle Low automated robot uses a set amount of closed candles in the direction of the trade to determine where to move the trailing stop loss.
The cTrader Zone Manager Risk indicator is a handy tool for supply & demand traders. You do not need to worry about your risk calculations anymore as this indicator does that for you, so you just focus on your analysis.
The cTrader Telegram Price Alerts Professional indicator is an extension of the standard price alerts you will find built into the trading platform with extra features with the ability to send Telegram alerts directly to your mobile phone when a price target is reached for the symbol you wish to trade.