Here's an MQL5 script that implements a simple buy and sell strategy for Toncoin (TON) - Computer Service IT Tech Software & SEO support Vancouver Canada

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Here’s an MQL5 script that implements a simple buy and sell strategy for Toncoin (TON) using Relative Strength Index (RSI) and Bollinger Bands as signals.

This script:

Buys when RSI is below 30 (oversold) and the price is near the lower Bollinger Band.
Sells when RSI is above 70 (overbought) and the price is near the upper Bollinger Band.

mql5

//+------------------------------------------------------------------+

//| TONCOIN Trading Strategy - RSI & Bollinger Bands                |

//+------------------------------------------------------------------+

#include <Trade\Trade.mqh>

CTrade trade;

//— Input parameters
input int rsiPeriod = 14; // RSI period
input int bollingerPeriod = 20; // Bollinger Bands period
input double bollingerDeviation = 2.0; // Bollinger Bands deviation
input double lotSize = 0.1; // Lot size
input int slPips = 50; // Stop Loss in pips
input int tpPips = 100; // Take Profit in pips
input ENUM_TIMEFRAMES timeframe = PERIOD_M15; // Timeframe

//+——————————————————————+
//| Main Trading Function |
//+——————————————————————+
void OnTick()
{
double rsiValue, upperBand, lowerBand, middleBand, price;
int rsiHandle, bollingerHandle;

// Get RSI value
rsiHandle = iRSI(_Symbol, timeframe, rsiPeriod, PRICE_CLOSE);
if(rsiHandle != INVALID_HANDLE)
{
rsiValue = iCustom(_Symbol, timeframe, “RSI”, rsiPeriod, PRICE_CLOSE, 0, 0);
}

// Get Bollinger Bands values
bollingerHandle = iBands(_Symbol, timeframe, bollingerPeriod, bollingerDeviation, 0, PRICE_CLOSE);
if(bollingerHandle != INVALID_HANDLE)
{
upperBand = iBands(_Symbol, timeframe, bollingerPeriod, bollingerDeviation, 0, PRICE_CLOSE, MODE_UPPER, 0);
middleBand = iBands(_Symbol, timeframe, bollingerPeriod, bollingerDeviation, 0, PRICE_CLOSE, MODE_MAIN, 0);
lowerBand = iBands(_Symbol, timeframe, bollingerPeriod, bollingerDeviation, 0, PRICE_CLOSE, MODE_LOWER, 0);
}

// Get the current price
price = SymbolInfoDouble(_Symbol, SYMBOL_BID);

// Check for BUY Signal
if(rsiValue < 30 && price <= lowerBand)
{
if(PositionSelect(_Symbol) == false)
{
trade.Buy(lotSize, _Symbol, price, price – slPips * _Point, price + tpPips * _Point);
Print(“BUY Order placed at “, price);
}
}

// Check for SELL Signal
if(rsiValue > 70 && price >= upperBand)
{
if(PositionSelect(_Symbol) == false)
{
trade.Sell(lotSize, _Symbol, price, price + slPips * _Point, price – tpPips * _Point);
Print(“SELL Order placed at “, price);
}
}
}

Explanation:

RSI Check
- Buys when RSI < 30 (oversold).
- Sells when RSI > 70 (overbought).
Bollinger Bands Check
- Buys when price touches the lower band.
- Sells when price touches the upper band.
Trade Execution
- Places buy/sell orders with lot size, stop loss, and take profit settings.
- Ensures only one trade is open at a time.