Three White Soldiers & Three Black Crows Martingale Strategy (Made with AlgoBuilderX)

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This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

Strategy: This cBot exploits two of the most well-known and powerful candlestick patterns in the trading world: the Three White Soldiers and the Three Black Crows. It also uses the ADX indicator to filter out signals and the Martingale strategy

Buy trigger: Three White Soldiers: is considered a bullish signal. It occurs when three consecutive candles show up with rising bodies and few upper and lower shadows. Each of the three candles opens within the body of the previous candle and closes at a new high, indicating strong bullish momentum.


Sell trigger: Three Black Crows: this is a bearish signal. It occurs when three consecutive candles appear with descending bodies and few upper and lower shadows. Each of the three candles opens within the body of the previous candle and closes at a new low, indicating strong bearish pressure.

The implementation of these two well-known patterns provides traders with an effective method for identifying potential trading opportunities in both bullish and bearish trends. In addition, the ability to automate this process through the use of a cBot allows traders to remain active in the market without having to constantly monitor the charts.

Parameters:

Backtest example:

AlgoBuilderX Project:

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You will be able to import it into the AlgoBuilderX workspace, view it, edit it, or export it.

Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.