Our strategy combines the information from two indicators, the Bollinger Bands and the RSI. It places trades when the price breaks the upper or lower Bollinger Bands and the RSI indicator is in an overbought/oversold area. For example, when the price breaks the upper Bollinger Bands and the RSI indicator is in an overbought area, then a Sell order is placed, assuming that the price will eventually correct itself and return to the moving average levels.
The Bollinger Band Strategy
The Bollinger Bands - RSI strategy is a mean reversion strategy. It is based on the assumption that prices tend to return to the mean value after they reach specific overbought and oversold conditions.
Bollinger Band Indicator
The Bollinger Band indicator is a trading tool used to determine entry and exit for your orders, the bands are used to determine overbought and oversold conditions. This indicator is included as a stock trading tool for the cTrader trading platform.
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Benefits of Code Ownership
One of the key benefits of owning the source code is that additional features can be added to the trading system at any time and it is possible to choose a developer for this task or do it yourself (DIY). Anybody who purchases this product will own the source code, but the copyright of the code for reselling still belongs to ClickAlgo Limited. We also offer a coding service to help you add more features to this strategy where the customer will receive and own all the source code.
The code is written by a professional software developer with many years of experience creating automated trading systems for the cTrader trading platform, we make sure they add extra code comments to help you understand how the code works.
Already Purchased The Bollinger Band System?
If you have already purchased the cTrader Bollinger Band Trading System you can receive a discount from the full price of this product for the price you paid. Example: You paid £39.99 for the product without the source code, contact us and we will issue you with a £39.99 discount voucher.
No Refunds for this Product
When you purchase this product we cannot offer a refund under any terms because once you have downloaded the code files from our servers you will own the code and we cannot take it back. We recommend that a 14-day trial be downloaded for the product without source code before you purchase.
This product is not eligible for free updates that may occur with the product that is sold under license without source code.
Coding Questions Support
If you have any questions about the code structure you can post your question with a snippet of code on our dedicated coding forum.
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You can join a Telegram community and chat with other traders to discuss, share and ask for help.