Basic Strategy
The main strategy of TLM (The Last Move) cBot is based on smart money. Trends in different timeframes are determined according to BOS and ChoCh of the same timeframe. Then there are three entry strategies. Entry strategies are with RSI, Ichimoku and Stochastic indicators. The default settings are also on the robot.
The amount of bad equity of the robot is much less than before and the accuracy of transactions is more. In the picture below, you can see the profit of this robot from 2022 to the end of 2023 start with 1000$.
You can buy the original version of this cBot or get a trial version of this cBot from the ClickAlgo website at the LINK address.
cBot Settings Explained
First of all, it is better to know that the bot is optimized by default and it is better not to change it. Trading is done with three indicators: RSI, Stochastic and IchimokuKinkoHyo.
Therefore, in the first group of settings, that is, the Strategies group, you can turn them off or on.
RSI: If it is "Yes", it creates a trade with this strategy.
Stochastic: If it is "Yes", it creates a trade with this strategy.
IchimokuKinkoHyo: If it is "Yes", it creates a deal with this strategy.
Each of the above entry strategies has specific time frames and settings for the indicator, and swings are created separately for each of them.
In the RSI Swing Indicator group, the settings are as follows:
RSI Swing TimeFrame: RSI indicator swing timeframe.
RSI Swing Strength: Strength value (the ability to identify swings) of the RSI indicator.
In the Stochastic Swing Indicator group, the settings are as follows:
Stochastic Swing TimeFrame: Stochastic indicator swing timeframe.
Stochastic Swing Strength: Strength value (ability to identify swings) of the Stochastic indicator.
In the IchimokuKinkoHyo Swing Indicator group, the settings are as follows:
IchimokuKinkoHyo Swing TimeFrame: IchimokuKinkoHyo swing time frame indicator.
IchimokuKinkoHyo Swing Strength: Strength value (ability to identify swings) of the IchimokuKinkoHyo indicator.
Now we go to the settings of each indicator. In the RSI Oscillator group, the settings are as follows:
RSI Periods: RSI indicator period.
RSI TimeFrame: RSI indicator time frame.
In the Stochastic Oscillator group, the settings are as follows:
K Periods: The value of K Periods is determined.
K Slowing: The value of K Slowing is determined.
D Periods: The value of D Periods is determined.
MA Type: The type of moving average used in the desired indicator.
Stochastic TimeFrame: Stochastic indicator time frame.
Now it's time to set the IchimokuKinkoHyo indicator:
TenkanSen Period: Tenkan period value.
KijunSen Period: Kijun period value.
SenkouSpanB Period: SenkouSpanB period value.
IchimokuKinkoHyo TimeFrame: The time frame of the indicator is set.
In version 1.7.1, an exponential moving average is used to manage wrong trades of the robot, for which you can make the following settings:
EMA Period: EMA period which defaults to 200.
EMA TimeFrame: The time frame in which the EMA is drawn.
Now we go to the settings related to capital management and transactions in the Position Options section:
Risk: How much of your capital does the robot risk per trade? (By default, it is 20%.) Yes, 20% is a high risk, but it rarely happens that your transactions will be exited with this risk.
Lot AutoCalculator: A great capital management option that is great for opening trades with the right volume. The formula for automatically calculating the volume is as follows:
(Equity/(10000*Lot Confidence Factor))
Lot Confidence Factor: It is a confidence factor that defaults to 2. If you want it to be less risky for you, set it to three.
Lots: If "Lot AutoCalculator" is set to "No", the volume of the transaction will be read from you by this section.
Close Position With Change Trend: In very, very special circumstances, this option should be clear that the robot does this automatically, so it is better not to set it to "Yes" manually.
