Please help me create a simple Robot
Please help me create a simple Robot
14 Aug 2018, 11:53
Dear Sirs,
I know this is very annoying.
I want create a simple Robot, but i dont understand the language for robot in cBot trader. Therefore, can you please help me create a simple Robot based my idea.
This is my idea.
Select Buy or Sell. After select Buy or Sell, creates an order immediately
Positon 1 (P1) - tp 35 pips - if P1 hit tp, a new Buy or Sell order is created with the Initial Volume amount. If P1 negative 2$ (20 pips), a new Buy or Sell (P2) is created with the Initial Volume amount.
Positon 2 (P2) - tp 40 pips - if P2 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P2 negative 2$ (20 pips), a new Buy or Sell (P3) is created with the Initial Volume amount.
Positon 3 (P2) - tp 40 pips - if P3 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P3 negative 2$ (20 pips), a new Buy or Sell (P4) is created with the x2 Initial Volume amount.
Positon 4 (P4) - tp 45 pips - if P4 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P4 negative 2$ (20 pips), a new Buy or Sell (P5) is created with the x2 Initial Volume amount.
Positon 5 (P5) - tp 45 pips - if P5 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P5 negative 2$ (20 pips), a new Buy or Sell (P6) is created with the x3 Initial Volume amount.
Positon 6 (P6) - tp 50 pips - if P6 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P6 negative 2$ (20 pips), a new Buy or Sell (P7) is created with the x5 Initial Volume amount.
Positon 7 (P7) - tp 55 pips - if P7 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount. If P7 negative 2$ (20 pips), a new Buy or Sell (P8) is created with the x8 Initial Volume amount.
Positon 8 (P8) - tp 55 pips - if P8 hit tp, close all position, a new Buy or Sell order is created with the Initial Volume amount.
It's all my idea. Can you please help me create a robot.
Thank you very much Sirs
Best regard.
Replies
ctid386599
16 Aug 2018, 16:30
Ok, i did not answer to your question right.
I have already tried that method too. instead of increasing volume, you increase the take profit. But it failed because I did not increase SL as well
if you increase only TP and not SL, then the more you loose, the more you increase the probability of loosing again because TP gets further than SL.
if both Sl & TP are increased, then it might work.
just do the math before you come up with how TP changes. I can create algorith for that too.
Maybe also increase the volume stepwise slightly
@ctid386599
tungquynhh
16 Aug 2018, 16:49
Dear sirs,
Can you give me your gmail? Therefore, i can say more with you.
Thank you.
Best regard.
@tungquynhh
ctid386599
16 Aug 2018, 18:42
RE:
wishpool.one@gmail.com
But its better to not just do it randomly. im implimenting it using a renko indicator.
https://ctrader.com/algos/indicators/show/457
However The renko indicator bricksize is dynamically enlarged if you loose and restored if you win.
Make me an offer
@ctid386599
ctid386599
16 Aug 2018, 16:20
RE:
I can create the bot but I prefer to give you free advice
Its called Martingale Strategy
https://ctrader.com/algos/cbots/show/3
It hardly works because the sum you loss quickly grows
bet loss
1 0
2 3
4 7
8 15
16 31
32 63
64 127
128 253
......
Thats assuming you loose fixed a mount like pips, but the markert sometimes jumps and you can loose even 150 pips. doubling can not help you unless you change the stop loss , take profit from 50 pips to 150 pips like your loss.
once you do that you will wait for eternity and keep doubling your bet just to chase the 1 euro (1st bet) . if you finally win, it will be like wining with the first bet. so much money at stake, time and sweat
If you still must create the robot then I can create for you that which adapts and ajust the stoploss/take profit pips accordingly .
Personally I prefer pseudo Martingale Strategy
ie if you loos you add half of that position ie 1,2,3,5,8,12, 18,27,41,62,...
it takes the 2nd win to make a profit
@ctid386599