boplusrs5meuronzd (ver. 1) Running

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hello First : the strategy trading logic is simple it search for the overbought and oversold areas and open trades to benefit from the price corrections . Second : the indicators used to determine the overbought and oversold areas is two Bollinger Bands and Relative Strength Index (RSI) with TIME PERIODS : 20-days and 7-days. CURRENCY PAIR : GBP/USD Time Frame : 5 MIN Lot size : 10M how it works : It trigger a sell order when the price closes outside the upper line of the Bollinger Bands and the RSI above level 70 and the current candle's close price above upper Band and RSI above the upper line since it is believed that the currency is overbought . and It trigger a buy order when price closes outside the lower line of the Bollinger Bands and RSI below 30 level and the current candle's close price below lower Band and RSI below lower line since it is believed that the currency is oversold take profit is open a new trade in the opposite direction and I chose the time frame low as 5 minute to benefit a quick scalping trades from the gbp/usd high volatility because of the Brexit news .

Cumulative Profit/Loss dynamics

Selected period: 01.05.2021 - 31.05.2021

Full Stats

Standings (points): 217 (38)
Performance, $ (points): 3,02K$ (0)
Drawdown, % (points): 96.98% (2)
Bonuses: 36
Average Profit Trade: 2,27K$
Average Loss Trade: -8967.77$
Profit factor: 0,00K
Number of trades: 18
Traded volume: 70,11M$
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