Trading Logic : searching For Overbought and Oversold Areas.
INDICATORS: Bollinger Bands and Relative Strength Index (RSI) TIME
PERIODS : 20-days and 7-days .
CURRENCY PAIR : eur/jpy
TIME FRAME : 5min
lot size : 5m default and 10m in ver 2
tp and sl : none
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 .