Here are the trade rules as explained in the user guide.
Mode-1 Standard Signals
The standard method of providing buy and sell signals is when the RSI value breaks above or below the upper or lower RSI thresholds, this is set by the cBot parameter setting Retracement Signal as No.
Bullish Signal - open buy
RSI value drops below the lower threshold.
Bearish Signal - open sell
RSI value rises above the upper threshold.
Mode-2 Retracement Signals
If you set the Retracement Signal parameter to Yes, then a buy or sell signal will happen when the price breaks through the upper or lower threshold and then retracements back again, the rules below explain this in more detail.
Bullish Signal - open buy
RSI value drops below the lower threshold - 1st condition
RSI value rises above the lower threshold. - SIGNAL
Bearish Signal - open sell
RSI value rises above the upper threshold - 1st condition
RSI value drops below the upper threshold - SIGNA
