A trend strategy using a combination of two popular indicators, Bollinger Bands and RSI, allows you to get reliable signals.

The logic of the adviser’s work

Entry into a short position is carried out when the price touches the upper Bollinger band, while the RSI indicator should be in the overbought zone, i.e. above the 70 level. Entry into a long position is carried out when the price touches the lower Bollinger band, while the RSI indicator should be in the oversold zone, i.e. below the 30 level. It is possible to transfer an open position to breakeven when a certain profit is reached, as well as use a trailing stop.

Adviser settings:

• input group “Trading settings” – a block of general parameters
• FixedLot = 0.1; // lot size
• StopLoss = 1700; // stop loss*
• TakeProfit = 3500; // take profit*
• input group “Breakeven