Mike We have published an open-source cTrader cBot based on the OBV indicator complete with source code to help programmers or algorithmic traders start building their automated trading system. Download the OBV cBot
autopilot3318 Hi, thanks for this. I tried the cbot strategy today for XAUUSD, and it seems that every time my Buy orders hit the stop loss, and took off like a rocket after that. I am currently using this on a Range chart (RA10 specifically). The backtests were really positive though. Have a couple of questions: Is there any recommendations on how this can be managed better ? I ll probably try adding more pips to the stoploss setting of the OBV RSI. I bought the Switchback trading system sometime back. I remember that the optimizations yielded settings without stoploss, and still a bit more successful. However i am not confident to try the OBV one without stoploss. But if you have any suggestions that would be much appreciated. What are the OBV numbers (180000 and 220000 in the example) ? I believe these would differ from symbol to symbol ? How can i see the available ranges for OBV based on the symbol.
Sebastian I do not recommend using any ATS without manually managing your trades, adding a large stop loss, and closing them early when you know the trade will go against you. Not sure about the OBV, values, you could contact Ppotware support as this is a standard cTrader indicator.
