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RSI OverBought OverSold EA MT4

RSI Trader EA for MetaTrader 4

Introduction:

Welcome to the RSI Trader EA, a specialized tool designed for MetaTrader 4. This expert advisor facilitates automated trading based on the Relative Strength Index (RSI) indicator's overbought and oversold regions. It allows for reverse trading setups in these zones and offers comprehensive control over trade execution.

You can find MT5 version here

Key Features:

  • Trade Parameters (LOTS, STOPLOSS, TAKEPROFIT): Configure lot size along with stop loss and take profit levels to manage risk and potential profit margins.

  • Trade Comment (TRADE_COMMNET): Customize trade comments for easy identification of trades initiated by the RSI Trader EA.

  • Magic Number Control (ENABLE_MAGIC_NUMBER, MAGIC_NUMBER_INPUT): Enable the use of magic numbers to identify and manage trades, offering seamless integration with manual or other automated strategies.

  • Trade Direction (TRADE_DIRECTION): Define trade direction preferences, including long-only, short-only, or both directions.

  • RSI Entry and Exit Settings (RSI1_PERIOD, RSI1_UPPER_LEVEL, RSI1_LOWER_LEVEL, RSI_BUY_MODE, RSI_SELL_MODE): Configure RSI parameters such as period, upper and lower levels for overbought and oversold regions, and select entry or exit modes.

  • Automated Trade Closure (PROFIT_AMOUNT, LOSS_AMOUNT, PROFIT_PERCENT, LOSS_PERCENT, CLOSE_AFTER_N_CANDLE): Set profit, loss targets, or percentages for automated trade closure, along with the number of candles before initiating closure.

Additional Functionality:

The RSI Trader EA offers diverse functionalities for automating trade execution based on RSI conditions. It allows traders to leverage the RSI indicator's signals effectively, providing flexibility in managing trade entries, exits, and automated closures.

Risk Management and Safeguards:

This EA includes risk management tools such as stop loss, take profit, and maximum drawdown settings. Additionally, it provides options for breakeven, trailing stop-loss, martingale strategies, grid trading, hedge settings, and position sizing to facilitate comprehensive risk management.

Usage Recommendations:

Before live deployment, thorough testing in a demo account is strongly recommended to assess the EA's performance and ensure compatibility with your trading strategy and risk tolerance.


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Experten
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market trends .
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Experten
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Version 2.0 2024.02.05
lots of performance improvement