PFI Custom Bots
A Fair Value Gap is a 3 candle pattern.
A gap up is when there is a gap between the high of the 3rd candle back and the low of the 1st candle back.
A gap down is when there is a gap between the low of the 3rd candle back and the high of the first candle back.
This bot will enter Long if price returns back down into the gap up area or enter Short if price returns back up into the gap down area.
A Fractal is a 5 candle pattern.
An up fractal is when 3 candles make higher highs and the next 2 candles make lower lows.
A down fractal is when 3 candles make lower lows and the next 2 candles make higher lows.
This bot will enter Long on the breakout over an up fractal and enter Short on the breakdown under a down fractal.
The Opening Range is the range between the high and low of the first candle at the time and of the time frame specified by the trader.
Example: You may want to use the range of the first 5 min candle at the London Session open.
You can set the Session Start Time to whatever you want, but the available ORB Time Frames are provided by the ProjectX API.
This bot will enter a Long position at the break of the Opening Range high and a Short position at the break of the Opening Range low. The Stop Loss for any position is automatically calculated to be 90% of the Opening Range size.
The bot will take only one trade in each direction following these rules:
1) If the bot wins the first trade (whether Long or Short) it will not take the opposing trade.
2) If the bot loses the first trade (whether Long or Short) it will take the opposing trade. Then no more trades will be taken.
A Fair Value Gap is a 3 candle pattern.
A gap up is when there is a gap between the high of the 3rd candle back and the low of the 1st candle back.
A gap down is when there is a gap between the low of the 3rd candle back and the high of the first candle back.
This bot will enter Long and trade through a gap down or enter Short and trade through a gap up.
This bot works well with small gaps on fast moving instruments.
A Fractal is a 5 candle pattern.
An up fractal is when 3 candles make higher highs and the next 2 candles make lower lows.
A down fractal is when 3 candles make lower lows and the next 2 candles make higher lows.
This bot will enter Short on an up fractal as a reversal and enter Long on a down fractal as a reversal.
The Triple Wick Flip looks for 3 consecutive candles with a specific wick pattern that may indicate a strong potential for a reversal of market direction.
This bot will enter a Long position if the wick pattern appears at the bottom of 3 consecutive candles and a Short position if the wick pattern appears at the top of 3 consecutive candles.
This bot works well on faster/lower time frames as a quick scalper to minimize risk.
The PFI Advanced Trade Assistant is an enhanced version of the Bracket Orders in ProjectX.
This bot enables you to place multiple trades where each position has its own separate Take Profit and Stop Loss orders. You can choose between a fixed or trailing Stop Loss and it also has a very nice Auto Break Even feature!
While logged out of your platform, connect the bot first, choose your bracket settings, start the bot, then open your ProjectX platform and trade as you normally do.
You can enter positions using market orders, stop orders or limit orders.
Each entry you take, the preset Take Profit and Stop Loss brackets (OCO) will be attached to each position independently which allows you to have multiple profit targets and stop losses that you can manage individually right on the chart!
This bot is great for scaling in and out of positions.​
You must have the platform bracket orders disabled to avoid multiple orders!