BRAHIM KHATTARA

Components of the Strategy
Input Settings:
RSI Oversold Level: Set at 30, meaning the asset is considered oversold when RSI drops below this level.
RSI Overbought Level: Set at 70, meaning the asset is considered overbought when RSI rises above this level.
Stop Loss: A percentage-based stop loss (default: 1%).
Take Profit: A percentage-based take profit level (default: 2%).
Trade Entry Conditions:
A buy trade (long position) is triggered when the RSI is below 30 and was previously above 30 in the last candle.
A sell trade (short position) is triggered when the RSI is above 70 and was previously below 70 in the last candle.
Risk Management:
When a long position is opened:
The take profit is set 2% above the entry price.
The stop loss is set 1% below the entry price.
When a short position is opened:
The take profit is set 2% below the entry price.
The stop loss is set 1% above the entry price.
Buy and Sell Signals on the Chart:
A "BUY" label appears below the candles when a buy condition is met.
A "SELL" label appears above the candles when a sell condition is met.
Fibonacci Bollinger Bands:
The middle line is calculated using VWMA (Volume-Weighted Moving Average).
The bands are calculated using standard deviation with Fibonacci levels: 0.236, 0.382, 0.5, 0.618, 0.764, and 1.0.
The upper bands act as resistance, while the lower bands act as support.
✅ Advantages of the Strategy
✔️ Simple and easy to understand, relying only on RSI and support/resistance levels.
✔️ Suitable for scalping and swing trading.
✔️ Uses Fibonacci Bollinger Bands to improve entry and exit accuracy.
✔️ Clear risk management with predefined stop loss and take profit levels.