BB & RSI + Grid and Equity Stop Loss (Made with AlgoBuilderX)

// This cBot was created with AlgoBuilderX
//
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// With an intuitive drag-and-drop interface, you can easily build and customize your own trading
// algorithms without any coding knowledge. Whether you're a beginner or an experienced trader,
// AlgoBuilderX offers a seamless experience for developing, testing, and deploying your very own cBot
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This cBot is an example, made for demonstration purposes using AlgoBuilderX and works only on demo accounts.

Strategy: When the candle closes below the lower bollinger band and the RSI is oversold, a long position is opened with grid strategy. Grid settings can be changed in parameters.
Equally, if the candle closes above the upper bollinger band and the RSI is overbought, a short position is opened with grid strategy.

For better risk management, we have added "Equity Stop Loss in Money" and the "Max Spread" filter

We made all values parameterizable to leave free customization.
 

Parameters:

Backtest example:

AlgoBuilderX Project:

This cBot was made in less 10 min using only 10 blocks in the AlgoBuilderX project.

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Important Note:
This cBot is a demonstration example created with AlgoBuilderX and is not optimized for live use. It is designed to illustrate the functionality of AlgoBuilderX and serve as a starting point for creating custom strategies. It is recommended that you carefully test and optimize any strategy before implementing it on a real trading account.