10-Candle Bollinger Confirmation Rise/Fall Bot
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by Expert Trader17 days ago
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This bot implements a high-accuracy Rise/Fall strategy using Bollinger Bands and the last 10 candles' price action. It places a trade at the start of a new candle only when all conditions are confirmed, improving accuracy and reducing false signals. Strategy Summary: The bot analyzes the last 10 candles on the 1-minute chart, uses Bollinger Bands (Period: 20, Deviation: 2), and places trades based on price breakout and trend consistency. It ensures over 70% trend confirmation before each trade. Implementation Steps: Initialize Market and Duration: Choose your preferred market (e.g., Volatility Index 75). Set duration to 1 minute. Fetch Candle Data: Retrieve the last 10 candles using the "Get Candles" block. Count how many are bullish (close > open) and how many are bearish (close < open). Bollinger Band Setup: Apply Bollinger Bands (Period: 20, Deviation: 2). Calculate: Upper Band = SMA + 2 * Std Dev Lower Band = SMA - 2 * Std Dev Bandwidth = Upper - Lower Signal Conditions: Fall Trade: At least 7 out of last 10 candles are bearish. Last candle closed below the Bollinger middle band. Current price is near or above the upper band. Bandwidth is above its average (high volatility). Rise Trade: At least 7 out of last 10 candles are bullish. Last candle closed above the Bollinger middle band. Current price is near or below the lower band. Bandwidth is above its average. Trade Execution: If Fall signal is true → Place Fall trade for 1 minute. If Rise signal is true → Place Rise trade for 1 minute. Wait until the next candle before evaluating again. Safety Rules: Skip trade if less than 7 candles confirm the trend. Use 1 trade per signal (avoid multiple entries per candle). Avoid during low volatility (narrow Bollinger bands).

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