RUBBERBANDS

RUBBERBANDS

RUBBERBANDS strategy

Rather simple strategy that just waits to reach the expected profit or loss to close a position.
Buy positions are opened at (minimum price within strategy work - pipstep).
Sell positions are opened at (maximum price within strategy work + pipstep).

Most settings can be changed before the strategy starts, including maximum and minimum prices to start with

Default Lots/position
Max positions to open
Pips distance to open positions - Distance from maximum or minimum price to open a position
Open positions on Start - Open positions right after the strategy starts

Use Limit for strategy - Exit the strategy when the target profit is reached
Limit level per lot - Profit Pips/lot to stop the strategy
Use Stop for strategy - Exit the strategy when the target loss is reached
Stop level per lot - Loss Pips/lot to stop the strategy

Use starting values - set to true if the strategy is restarted
Previous Max price - set previous max on restart
Previous Min Price - set previous min on restart