We are excited to announce a major update to AlgoBuilderX, our innovative expert advisor (cBot) development platform for cTrader. In response to feedback from our user community and to further enhance our platform’s functionality, we have implemented new time frame filters for the blocks. In addition to standard time frames, it is now possible to filter blocks based on Tick, Renko, Range, and Heikin Ashi time frames.
What Do These New Filters Mean?
- Tick Chart: Filtering blocks by Tick Chart allows you to create strategies that respond to price movements based on each individual tick, offering a higher level of precision and enabling detailed analysis of micro-level price fluctuations.
- Renko Chart: With Renko Charts, blocks can be configured to react to price changes independently of time. This type of chart is particularly useful for identifying market trends and reducing market “noise,” focusing only on significant price movements.
- Range Chart: Range Charts allow you to filter blocks based on specific price movements, completely ignoring the time factor. This approach is useful for traders who want to base their strategies on defined price movements, regardless of how long it takes to achieve those movements.
- Heikin Ashi Chart: By using Heikin Ashi filters, blocks can be configured to react to a type of chart that makes it easier to identify market trends, filtering out noise and false reversal signals. This type of chart is especially appreciated for its ability to make trends more visible.
Benefits of the New Time Frame Filters
- Greater Precision: The new filters allow even greater precision in defining trading conditions, offering the possibility to create highly targeted strategies.
- Advanced Flexibility: With the addition of the new time frames, users can now develop trading strategies that leverage a wider range of market data, better adapting to various trading conditions.
- In-Depth Analysis: The new filters enable more detailed and thorough analysis of market data, enhancing the ability to identify profitable trading opportunities.
How to Get Started
To take advantage of these new features, simply log into your AlgoBuilderX dashboard and start using the new time frame filters in your blocks. If you’re new to AlgoBuilderX, sign up on our website and discover how easy it is to create and optimize cBots without writing a single line of code.
This update represents another step forward in our mission to make algorithmic trading accessible to everyone. With the new Tick, Renko, Range, and Heikin Ashi time frame filters, AlgoBuilderX offers even more powerful and flexible tools to develop effective and sophisticated trading strategies.
Visit the AlgoBuilderX website today to explore these new features and start building your next expert advisor with unprecedented precision and flexibility.