Trading Logic : searching For Overbought and Oversold Areas using two
popular Indicators .
Settings : 1- INDICATORS:
Bollinger Bands and Relative Strength Index (RSI) TIME PERIODS :
20-days and 7-days .
2- CURRENCY PAIR : gbpjpy
3- TIME FRAME : 5min and 1min in the updated version
4- tp and sl : none
5- lot size : 5m
6- how it works : It trigger a sell order when price closes outside
the upper line of the Bollinger Bands and RSI above 70 level and the
current candle's close price above upper Band and rsi above 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 .