Comments for https://ctrader.com/products/2076
Comments for: https://ctrader.com/products/2076
- PPipHunter2023
Which market conditions does this bot perform best in (trend, range, high volatility)?
The bot works in any market condition, but the idea is to find price reversal zones. The chart first maps a session from 20 days ago and makes projections between the +2.5 and +1.5 levels as well as the -2.5 and -1.5 levels. If the price is in one of those zones, you check the OHLC bars on either the daily or weekly timeframe, verifying that liquidity has been taken (liquidity grab/sweep) and that a swing has been created, primarily with wicks (shadows). If this happens, you can enter the market in the opposite direction, looking for a rebalancing of the OHLC bars. So, the goal is to find the levels where manipulation occurs, and then enter with the trend when distribution happens. In my personal case, my entries are on the 15-minute timeframe and the configuration for the OHLC bars is weekly to execute swing trades averaging about 22 days. You can check my X (formerly Twitter) account @vonwarwick1980, where I generally post entries using these indicators with my personal account. This way, you can ask questions or verify if it works for your trading style.