Description
// This cBot was created with AlgoBuilderX
//
// AlgoBuilderX is a powerful tool for creating automated trading strategies on the cTrader platform.
// With an intuitive drag-and-drop interface, you can easily build and customize your own trading
// algorithms without any coding knowledge. Whether you're a beginner or an experienced trader,
// AlgoBuilderX offers a seamless experience for developing, testing, and deploying your very own cBot
//
// Visit https://algobuilderx.com to start building your own cBots today!
This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.
Strategy: We took as an example the "Range Bar Strategy" published by Spotware. (https://ctrader.com/algos/cbots/show/3944) and optimized it to the candlestick chart.
We defined additional conditions such as the length of the shadows and applied a Martingale Strategy.
Buy Trigger: The red candle must have a top shadow but no bottom shadow. The green candle must not have a top shadow but must have a bottom shadow.
The green candle must open at the close of the red candle. The green candle must close above the opening of the red candle.
Sell Trigger: The green candle must not have a top shadow but must have a bottom shadow. The red candle must not have a lower shadow but must have a higher shadow.
The red candle must open at the close of the green candle. The red candle must close below the opening of the green candle.
Parameters:
![](/uploads/algos/algo-3961/65d769a23fe8c.png)
Backtest example:
![](/uploads/algos/algo-3961/65d76a1700837.png)
AlgoBuilderX Project:
![](/uploads/algos/algo-3961/65d76a288786c.png)
You can find the project of this strategy for free inside our discord channel: https://discord.gg/JMpPECCx
Create your cBot now in an easy and intuitive way!
Try AlgoBuilderX now, no registration required: www.algobuilderx.com
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.
The author decided to hide the source code.
![AlgoBuilderX's avatar](https://social-images-215c11ee-be56.s3.eu-west-2.amazonaws.com/user-6384134/avatars/bigAvatarFileUrl-6384134-1717604998.png)
AlgoBuilderX
Joined on 30.01.2024
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Range Bar Strategy + Martingale Demo.algo
- Rating: 5
- Installs: 239