Overview
This strategy combines two popular technical indicators to identify high‑probability trading opportunities:

• Bollinger Bands are used to detect price extremes and potential reversal zones. Trades are opened when the price touches the upper or lower band.
• Relative Strength Index (RSI) filters these signals by measuring market momentum. Long trades are only taken when RSI is in the oversold zone, and short trades are taken when RSI is overbought.

By combining trend and momentum analysis, the robot aims to improve entry timing and reduce false signals.

Key Settings
All parameters are fully customisable in the cBot’s configuration pane:

• Volume (lots) – position size. Default: 0.01 lots.
• Stop Loss / Take Profit (pips) – initial risk and reward levels. Defaults: 15 pips SL and 30 pips TP.
• RSI Period – calculation period for the RSI (default: 14).
• RSI Overbought / Oversold levels – thresholds that trigger short/long setups (defaults: 70 and 30).
• Bollinger Period – number of bars used to calculate the bands (default: 20).
• Bollinger Standard Deviation – band width (default: 2.0).

You can adjust these inputs to suit different symbols and timeframes.

Important Note
This is a simple, experimental strategy designed to demonstrate how multiple indicators can be combined in a cBot. It is not intended as financial advice and does not guarantee profits; use at your own risk and always test on a demo account before going live.

Backtest Highlights
During a recent test on historical EURUSD data (H1 timeframe) with the default settings, the bot produced the following results (see attached screenshot):

• Net profit: $580.78 (starting balance $10,000)
• Profit factor: 1.98
• Total trades: 165, of which 117 were winners
• Max balance drawdown: 2.47 %
• Largest winning trade: $17.57
• Final equity: $10,569.37

These figures are for illustrative purposes only; past performance does not guarantee future results.