Bollinger Bands (BB) in Gunbot

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Strategy Description:

The BB strategy, also known as Bollinger Band, is a trading strategy that is used in the Gunbot crypto trading bot. This strategy is based on the Bollinger Bands technical indicator, which is a tool used by traders to identify potential entry and exit points in the market.

The Bollinger Bands indicator is composed of three lines: a moving average line, an upper band, and a lower band. The moving average line is a simple average of the asset's price over a certain period of time. The upper and lower bands are typically set at a distance of two standard deviations above and below the moving average line.

In the context of the BB strategy in Gunbot, the strategy works by placing buy and sell orders when the price of the asset touches the upper or lower Bollinger Band. The idea is that when the price touches the upper or lower band, it is overbought or oversold and is likely to revert back to the moving average line. By placing buy and sell orders at these points, the BB strategy in Gunbot aims to take advantage of these price movements and generate profits for the user.