Daily Candle Trading Strategy | NoCoding | with AlgoBuilderX

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Daily Candle Trading Strategy -

This cBot presents an advanced strategy based on the Daily Candle concept, which uses the highs and lows of the previous daily candle to determine entry and exit points in the market. 

When price breaks the high of the previous candle to the upside, an entry buy is triggered; conversely, when price breaks the low of the previous candle to the downside, an entry sell is executed. To ensure effective risk and position management, the CBOT automatically closes positions when price reaches the midpoint of the previous daily candle. 

This strategy offers users a simple yet effective way to take advantage of price movements based on daily market dynamics, allowing them to maximize profit opportunities while efficiently managing risk.

If you want to buy the .algo and .abx of this cBot CLICK HERE
If you would like to try AlgoBuilderX: CLICK HERE

To create the cBot I invite you to watch this video I made on youtube: 

Please note that this is only an example and the cBot has not been optimised, I recommend you test it first in Demo