This cBot implements a robust risk and money management system that allows the robot to maximize returns while keeping drawdowns and losses in check. The risk and money management controls are 100% set by the owner of the trading account.
This product provides many configurations to allow more advanced algorithmic traders full control of how the robot trades.
Key Features:
The user defines the strategy, and the bot places and manages the trades.
A dashboard that shows the description of the current trend plotted.
Robust Risk Management System.
Robust Money Management System.
Multiple ways to instruct the cBot to take Profits.
Robust In trade management to secure chuck of profits while allowing trade to run.
Smart Account Protection during news events and drastic changes in market structure.
Telegram Alerts, all positions with stop loss value, suitable for indexes, shares, commodities, forex, etc
Can be used for scalping.
How it Works
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- Click on the "Add Channel" button.
- Drag the line to where you want to trade.
- Adjust the ends of the line to the specific range that you want to trade.
- The algo plots a channel that guides it to trade.
- The direction of the channel determines whether the market is an UpTrend or DownTrend or Ranging.
- If the channel plotted is an UpTrend, the algo will only place a trade when the price enters the entry range along the down-most trend line of the channel.
- If the channel plotted is a DownTrend, the algo will only place a trade when the price enters the entry range along the up-most trend line of the channel.
During an open trade, the trade manager analyses the market regularly and adjusts stop loss to breakeven when the opportunity avails itself, it secures more profit when the market pushes more towards its take profit. The trade manager may decide to stay in the market if it realizes that there is a potential for more profits by constantly adjusting its take profit.
The cBot signal generator becomes active when the price enters an area the cBot defines as a high reward low-risk area, when the price leaves the zone, the cBot signal generator goes dormant mostly when the price is overstretch. During this period it only monitors open trades.
The smart stop protection monitors trades and will close position(s) when it detects a sharp change in equity.
Telegram Alerts
This cBot will also send automatic Telegram alerts to your PC or mobile phone when there is a signal to enter a trade together with a picture of the chart.
How to Configure the Trade Assistant?
You can read the full documentation for this product with an online user guide.
How To Install & Remove
First, make sure you have the cTrader trading platform installed, unzip the file and double-click on it to automatically install it onto the platform. The file that is installed can be found in your indicators folder.
Any Questions?
If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.
Need a Broker
If you are still looking for a broker you can trust, take a look at our best cTrader broker site.
