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RSI MultiCross Expert Advisor

The RSI MultiCross Expert Advisor works by entering a trade when RSI makes a cross of a level and exits on the cross of the opposite level (MIN_RSI, MAX_RSI).

To enter a buy RSI will cross below the MIN_RSI and the candle that closes above MIN_RSI will signal to enter the trade. This allows the EA to get some indication price could be reversing (vice versa for a sell signal).

To exit a buy RSI will cross above the MAX_RSI minus the RSI_Buffer. Or you can use the TP_Multiplier or SL_Multipliers and use an ATR based stop loss / take profit.

Set TP_Multiplier or SL_Multiplier to 0 to use the averaging features and to exit RSI at the opposite level.

Works on all time frames and pairs.

Suggestions:

For higher time frames I will use the TP_Multiplier and SL_Multiplier   (H1, H4, Daily). Lower time frames I use the averaging features. 

No EA should be left alone. Human intervention is a must. 

Settings:

MagicNumber: Magic Number used for orders

RSI_Period: RSI Period to use.
MIN_RSI: Will not enter buy unless RSI is below the MIN_RSI
MAX_RSI: Will not enter sell unless RSI is above the MAX_RSI
RSI_Buffer: Add this number to the MIN_RSI or subtract to the MAX_RSI for exit. (set to 0 to not use)


UseAveraging: Turns on the averaging feature
UseLotSizeAdd: Increment lot size option
UseTPAllTrades: If using averaging you might only want to use TP for the first trade
RangeMultiplier: Used to calculate the distance between averaging trades
MaxOpen: Max orders that will open.
ClosePercent: Percentage of account balance to close averaging trades in profit

Lot_Size: Starting Lot Size
TP_Multiplier: Used to calculate the ATR based Take Profit (set to 0 to not use)
SL_Multiplier: Used to calculate the ATR based Stop Loss (set to 0 to not use)
MaxPairLoss: Percentage of account balance to close all pair trades
MaxSpread: Max Spread

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4.5 (4)
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5 (1)
Experten
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5 (3)
Experten
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5 (5)
Experten
Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es is
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5 (44)
Experten
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5 (1)
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4.17 (6)
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Version 1.4 2019.01.18
Added UseTPALlTrades
Version 1.3 2019.01.16
Separated SLTP_Multiplier