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Trading product for BollingerRsiCombinedBot cBot Forex Signal, image 1
BollingerRsiCombinedBot
cBot
342 downloads
Version 1.0, Sep 2025
Windows, Mac, Mobile, Web
Trading product for BollingerRsiCombinedBot cBot Forex Signal, image 2
Trading product for BollingerRsiCombinedBot cBot Forex Signal, image 3
Trading product for BollingerRsiCombinedBot cBot Forex Signal, image 4
Since 07/08/2024
5
Sales
3.24K
Free installs

Description

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.

Summary

AI summary
BollingerRsiCombinedBot is a trading robot that integrates two technical indicators—Bollinger Bands and the Relative Strength Index (RSI)—to identify high-probability trading opportunities. It opens trades when the price touches the upper or lower Bollinger Band, signaling potential price extremes and reversal zones. The RSI indicator filters these signals by assessing market momentum: long positions are initiated when RSI indicates oversold conditions, and short positions when RSI signals overbought levels. This combination aims to enhance entry timing and reduce false signals.

Key customizable settings include position volume, stop loss and take profit levels, RSI calculation period, RSI overbought/oversold thresholds, Bollinger Bands period, and standard deviation for band width. These parameters can be adjusted to suit various symbols and timeframes.

Backtesting on EURUSD (H1 timeframe) with default settings showed a net profit of $580.78 from a $10,000 starting balance, a profit factor of 1.98, 165 total trades with 117 winners, and a maximum drawdown of 2.47%. The largest winning trade was $17.57, with a final equity of $10,569.37. These results are illustrative and do not guarantee future performance.
Trading profile

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Discussion

FAQ

Forex
Signal
RSI
Bollinger
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 07/08/2024
5
Sales
3.24K
Free installs