Published products
Pefect timeframe : 5 m
ECN Smart / Bot is an automated trading advisor for the MetaTrader 4 platform, based on a price channel strategy combined with signal filtering using the RSI indicator. Strategy: Price Channel Pattern The robot defines channel boundaries using Bollinger Bands: Upper channel boundary (resistance) is the Upper Band . Lower channel boundary (support) is the Lower Band . The robot opens trades when the price reaches the channel boundaries and is confirmed by the RSI value: