cTrader Trendline Trading cBot

This cBot detects manually drawn trendlines on your chart and opens trades when the price interacts with them, providing a fully customizable trading experience with advanced risk management, stop loss, take profit, and alert options.

Key Features & How It Works

1. Trade Initiation
   • Detects trendline touches or proximity (within user-defined pips).
   • Supports bounce (reversal) and continuation trades based on trendline direction.
   • Users manually draw and label trendlines with risk settings (e.g., "$50" for money risk, "%2.5" for balance risk).
2. Risk Management
   • Choose from Fixed Lots, Money Risk, or Balance Percentage for trade sizing.
   • Add risk details in trendline comments or use default parameters if no input is provided.
3. Stop Loss & Take Profit
   • Multiple methods: fixed pips, average bar size, nearest horizontal lines, or detected price extremes.
   • Proximity zones prevent trades if targets are too close to horizontal lines.
   • Option to recycle trendlines or delete them after trade closure.
4. Alerts & Notifications
   • Alerts via Telegram, email, pop-ups, and sound.
   • Telegram alerts can include screenshots of the chart.
   • Works seamlessly with the cTrader Analysis Tools Alerts indicator for enhanced management.
5. Extra Controls
   • Automatically lock trendlines during trades to prevent accidental changes.
   • Option to allow or block trades when the price gaps over the trendline.
   • Simple user interface with a help button linking to a guide.

How to Use

1. Draw Trendlines on your cTrader chart and add comments to specify trade risk (optional).
2. Configure Parameters for risk management, stop loss, take profit, and alerts.
3. When the price interacts with the trendline, the cBot will open a trade following your predefined conditions.
4. Use proximity zones to prevent small or unsafe trades.
5. Monitor and receive alerts through your chosen channels (Telegram, email, or pop-ups).

This tool offers high flexibility and control for traders who rely on technical analysis with trendlines, helping them manage risk and automate trade execution effectively.

If you want to learn more about this cBot, click here and check out the user guide.