cBot Name:
TwoGroupsOfSMA.algo
Technology stack
cTrader Algo, C#, .NET 6.0
Description
This trading strategy harnesses signals from two distinct groups of Simple Moving Averages (SMAs). By leveraging these SMAs, the strategy aims to identify and confirm potential trends across various financial markets.
Indicators Used:
Simple Moving Averages (SMAs): SMAs calculate the average price of an asset over a specified number of periods. This strategy utilizes two separate groups of SMAs to analyze different time perspectives or moving average crossovers, enhancing trend identification and confirmation.
Parameter Declaration:
Adjustable parameters for Stop Loss (SL) and Take Profit (TP) are declared within the cBot. Traders can customize these parameters based on risk tolerance and market conditions, providing flexibility in managing trade exits.