cTrader Fibonacci Trading cBot

This is a cTrader cBot that automatically calculates the lot size and opens positions based on Fibonacci retracements and expansions present on the chart. It can also alert you about its actions through Telegram and email, keeping you informed when you are not in front of the computer. You can choose to risk a fixed number of lots or choose to risk a specific amount of money for each trade. Additionally, you can opt to risk a percentage of your account balance. This cBot is highly customizable yet easy to understand, with a user guide explaining all the parameters.

Features of this cBot:

• Automatically calculates the lot size.
• Choose from three types of risk: Fixed lot size, money amount, and account balance percentage.
• Works for Fibonacci Retracements and Expansions.
• Safety features include backup stop loss/take profit and the ability to enable/disable gapped entry levels.
• Can automatically extend the Fibonacci level lines to infinity.
• Can draw the deal map of positions opened by it.
• Can open positions of type Continuation or Reversal. Just choose that in the parameters.
• Can place the take profit on a preferred Fibonacci level, or it can automatically find the extreme point between the start of the Fibonacci object and the entry price.
• Can alert you through Telegram, Email, and sound. It can also send screenshots to Telegram.
• Highly customizable.
• Comes with a PDF that explains all the parameters for you.

Here is how you set the risk amount for each object:

1. First Choose the risk type:

2. Then, you can choose to type both a comment and the risk amount or just the risk amount. The format for account balance risk is: '%number,' and the format for the money risk type is '$number.' It does not matter what currency your account is in; always use '$' for money risk. For example, if the currency of your account is Euro and you type $50 in the comment of the object, the cBot will open a position with €50 as the risk amount.

Check out this video where you can see this cBot in action: