// This cBot was created with AlgoBuilderX
//
// AlgoBuilderX is a powerful tool for creating automated trading strategies on the cTrader platform.
// With an intuitive drag-and-drop interface, you can easily build and customize your own trading
// algorithms without any coding knowledge. Whether you're a beginner or an experienced trader,
// AlgoBuilderX offers a seamless experience for developing, testing, and deploying your very own cBot
//
// Visit algobuilderx to start building your own cBots today!

This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

Strategy: When the candle closes below the lower bollinger band and the RSI is oversold, a long position is opened with grid strategy. Grid settings can be changed in parameters.
Equally, if the candle closes above the upper bollinger band and the RSI is overbought, a short position is opened with grid strategy.

For better risk management, we have added "Equity Stop Loss in Money" and the "Max Spread" filter

We made all values parameterizable to leave free customization.

This cBot was made in less 10 min using only 10 blocks in the AlgoBuilderX project.

Create your cBot now in an easy and intuitive way!

Try AlgoBuilderX now, no registration required.

Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.