cBot: Simple Martingale Strategy

Overview

I’m looking for an experienced cTrader/cAlgo developer to create a cBot implementing a simple Martingale strategy for trading XAUUSD (Gold).

Strategy Logic

Entry Order Placement

• Take the current price and round it down to the nearest integer.
• Example: If the current price is 2765.78, round it down to 2765.
• Place a limit buy order at 2765 with 0.01 lot size.
• Set Take Profit (TP) at entry price + 3 (i.e., 2768).

Martingale Sequence

• If the first order is filled, place a new limit buy order at 3 points lower than the previous entry.
• Example: If the first order was at 2765, the next order is placed at 2762.
• The lot size for the new order follows a modified Martingale approach:
  • New lot size = (previous lot size × 2) + 0.01
• Set Take Profit at entry price + 3.
• Continue this process until price reverses and hits TP.

Order Cancellation & Restart

• If price moves up and hits TP, cancel all pending orders and start the strategy from scratch.
• Send notification through telegram or email.

Order Modification

• If the initial limit buy order is not filled and price moves up, adjust the entry.
• Example:
  • Initial order was at 2765, but price moves up to 2766.12.
  • The new rounded price is now 2766, which is higher than the old pending order at 2765.
  • Cancel or modify the pending order to match the new rounded price (2766).

Example Scenarios

Scenario 1: Price Drops and Hits TP

• Price = 2765.78 → Rounded to 2765 → Place limit buy at 2765 (0.01 lot)
• Price drops → Order gets filled → New limit buy placed at 2762 (0.03 lot)
• Price moves up → Hits TP at 2768 → All pending orders canceled → Restart

Scenario 2: Price Moves Up Before Entry

• Price = 2765.78 → Rounded to 2765 → Place limit buy at 2765
• Price moves up to 2766.12 → Rounded price now 2766
• Cancel/modify old order at 2765 → Adjust to 2766

Requirements

• Strong experience in cTrader/cAlgo development
• Ability to implement order modification logic
• Clean and efficient coding practices

How to Apply

🚀 I work exclusively through Upwork. If you're interested, please drop your Upwork profile link, and I will send you an invite!

Looking forward to working with you!