cTrader CBOT Design & Configuration
Budget: $30 – $250 AUD
ctrader cbot
Visual horizontal lines
High / Low time inputs
23:00 - 0600
Colour/ thickness/ line type.
This will draw horizontal lines during the time inputs, the low and high at the body candles.
Input - Number of bars the horizontal lines to extend after time input.
Input- number of bars lookback for horizontal lines to show
Valid entries
At the upper horizontal line
1. For a buy entry, body of the Candle must close above the line, followed by a bearish candle/s. The bullish engulfing over a bearish candle which is still above the upper horizontal line is a valid buy entry.
2. For a sell entry, a wick must cross or candle close above the upper line, the next bearish engulfing candle will be the sell entry.
Example input for horizontal lines are 2300-0600
If the candle close at 0600 is the highest point, then a bearish engulfing candle will be valid for a Sell entry here.
At the lower horizontal line
4. Reverse the logic from above.
SL placement to be below or above the engulfing candle including the wick.
If the engulfing candle cosist of 4 candles as per user input, the SL to be placed above or below all 4 candles including the wick accordingly.
TP will be a multiplier of the SL distance minus the spread
Option for % of equity or lot size
Status on the chart to show if trading is enabled or disabled.
User inputs required
Trading allowed during times "0600-0930"
Close any trades that are open at time "1700"
SL buffer pips
SL min distance "20pips" (this will be the minimum distance applied for the SL if the value is calculated less.
SL Max distance "60pips" (if the SL distance is calculated more then it will be no entry and trading will be disabled until next day).
Max number of candles for engulfing to be valid "4"
Number of trades allowed at once "1"
Visual horizontal lines
High / Low time inputs
23:00 - 0600
Colour/ thickness/ line type.
This will draw horizontal lines during the time inputs, the low and high at the body candles.
Input - Number of bars the horizontal lines to extend after time input.
Input- number of bars lookback for horizontal lines to show
Valid entries
At the upper horizontal line
1. For a buy entry, body of the Candle must close above the line, followed by a bearish candle/s. The bullish engulfing over a bearish candle which is still above the upper horizontal line is a valid buy entry.
2. For a sell entry, a wick must cross or candle close above the upper line, the next bearish engulfing candle will be the sell entry.
Example input for horizontal lines are 2300-0600
If the candle close at 0600 is the highest point, then a bearish engulfing candle will be valid for a Sell entry here.
At the lower horizontal line
4. Reverse the logic from above.
SL placement to be below or above the engulfing candle including the wick.
If the engulfing candle cosist of 4 candles as per user input, the SL to be placed above or below all 4 candles including the wick accordingly.
TP will be a multiplier of the SL distance minus the spread
Option for % of equity or lot size
Status on the chart to show if trading is enabled or disabled.
User inputs required
Trading allowed during times "0600-0930"
Close any trades that are open at time "1700"
SL buffer pips
SL min distance "20pips" (this will be the minimum distance applied for the SL if the value is calculated less.
SL Max distance "60pips" (if the SL distance is calculated more then it will be no entry and trading will be disabled until next day).
Max number of candles for engulfing to be valid "4"
Number of trades allowed at once "1"
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