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This basic starter kit for algo developers uses an open-source cTrader Relative Strength Index (RSI) trading system to open and close trades based on the indicator value moving above and below the overbought and oversold levels. The RSI is based on the concept that when prices rise, there is typically increased buying pressure, and when prices fall, there is increased selling pressure.
* This product is for educational purposes only *
Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Systems Ltd.
This site & the products & services ClickAlgo offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our products and should not be construed as financial advice. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. 74-89 % of retail investor accounts lose money when trading CFDs. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
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