Description
Examples:
RSI Simple Grid cBot - EURUSD - m5 - from 01.01.2025 to 01.01.2026
RSI Simple Grid cBot is a trading robot that combines grid trading strategy with RSI (Relative Strength Index) signals. The bot opens a grid of positions when RSI enters the oversold or overbought zone, then adds new positions at equal pip intervals as the market moves against the initial position. The entire grid is automatically closed once the defined profit target is reached.
The bot offers five direction modes, automatic state recovery after platform restart, and protection against opening positions when account funds are insufficient.
Direction - Defines which direction the bot opens grid positions.
Long β Buy grids only, triggered when RSI drops below the oversold level.
Short β Sell grids only, triggered when RSI rises above the overbought level.
Long_or_Short β one grid at a time in either direction. A new grid can only be opened after the previous one is closed.
Both_at_once β both grids (Buy and Sell) can run simultaneously. If no grid is active, the first RSI signal launches both sides at once.
Trigger_side β both grids can run simultaneously, but each requires its own RSI signal (oversold β Buy, overbought β Sell).
Volume (lots) - Size of each position in the grid expressed in lots. All positions share the same volume β the bot does not apply a multiplier.
Step (pips) - Distance in pips between consecutive grid positions. When the price moves away from the last position by this value, the bot opens another position.
Target Profit - Net profit target (in account currency) for the entire grid. Once reached, the bot closes all positions in that direction and waits for the next RSI signal.
Source - Data source for RSI calculation. Default is the closing price (Close).
Periods - RSI period β the number of bars used in the calculation. Default is 14 (Wilder's classic setting).
Oversold Level - RSI oversold level. A drop below this value generates a Buy signal. Default is 30.
Overbought Level - RSI overbought level. A rise above this value generates a Sell signal. Default is 70.
Summary
Key features include five selectable direction modes for grid opening: Long (buy grids triggered by RSI oversold signals), Short (sell grids triggered by RSI overbought signals), Long_or_Short (one grid at a time in either direction), Both_at_once (simultaneous buy and sell grids triggered by the first RSI signal), and Trigger_side (both grids run simultaneously but require individual RSI signals). The bot supports fixed lot sizing without volume multipliers and includes automatic state recovery after platform restarts. It also prevents opening positions if account funds are insufficient.
RSI parameters such as period, oversold, and overbought levels are configurable, with defaults set to 14 periods, 30 for oversold, and 70 for overbought. The bot operates on standard market order types and is suitable for various markets including Forex, indices, commodities, and cryptocurrencies. It supports high-frequency swing trading on 5-minute charts and includes risk management tools like equity stop and maximum drawdown protection.
Customer reviews
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