🧠 Strategy Overview

This is a scalping strategy designed for the GBP/JPY 5-minute chart, based on short-term trend-following logic with multiple technical indicators and strong risk management.

🔍 Technical Indicators Used

• RSI (Relative Strength Index) – for momentum filtering.
• SMA (Simple Moving Average) – for crossover signals and trend direction.
• EMA 200 – long-term trend confirmation.
• ATR (Average True Range) – for volatility assessment and SL/TP sizing.
• Bollinger Bands – for confirming market expansion or compression.

✅ Trade Conditions

📈 Buy Entry

• SMA slope is rising (smaNow > smaPrev).
• Price crosses SMA from below (bullish crossover).
• Scoring filter (3 or more of the following must be true):
• • RSI between 40 and 65
  • SMA increasing
  • ATR above minimum threshold
  • Price above EMA200
  • Price above Bollinger Band main line

📉 Sell Entry

• Opposite of buy: falling SMA, bearish crossover, etc.

Other entry filters:

• Max spread must not be exceeded
• ATR must exceed 1.2 pips (for volatility confirmation)
• Not late Friday or during high-impact news (future API support planned)
• Stops trading after N consecutive losses
• Limits max open trades

⚙️ Trade Execution

• Stop Loss (SL) is based on ATR * 1.5
• Take Profit (TP) uses either a fixed risk-reward ratio or minimum TP in pips
• Volume is calculated dynamically using account balance and risk percent per trade

📈 Position Management

• Break-even: SL moved to entry price when price reaches trigger level
• Trailing Stop: SL moves in steps as price progresses beyond a defined distance
• Max Holding Time: Closes trades after a fixed number of minutes

📊 Risk Controls

• Risk per trade is limited to a configurable percentage
• Trades are only placed if volume is above the broker’s minimum
• Tracks and limits consecutive losses

🎯 Summary

This cBot is a robust, rule-based scalping system that combines price action (crossovers), trend analysis, momentum filters, and volatility checks. It also includes dynamic position sizing, automated risk management, and protective trade lifecycle handling.