The new 1.20 version of RSI EA MT4 is out, including:

• Introduction of the closed candle and the 50 RSI crossing strategies. 
• Addition of Monday to Friday true/false settings, for avoiding trading on certain days.
• Addition of Long/Short true/false settings.
• New EURUSD D1 50 RSI crossing default strategy.

Here is the MT5 100% quality backtest with default settings for EURUSD D1 2020-2021 period.

Dear friends,

RSI EA MT4 has been updated with a new default EURUSD H1 strategy. Also 12 new set files have been created in various symbols for you to use and experiment with.

Please update your RSI EA MT4.

Hi! I bought your EA now.

I would like to know if it is possible to add the following RSI strategy:

BUY when RSI is above 50 (crossing no need) the EA will simply analyze if the RSI is above 50) and Sell when it is below 50, for example.

It's also a trend following strategy, but EA doesn't filter crossing, just RSI level at the moment.

I will be grateful if you could fulfill my request, because I bought the EA today thinking that EA had this strategy.

Thanks!

Hello Morgana and thank you for buying RSI EA MT4. I think you can accomplish your goal by using the Live Bar or Closed Candle strategies and put as RSI Sell Level and RSI Buy Level 50. 

I think its best to choose the Closed Candle Strategy to avoid many trades around the 50 RSI level.

Try it and if it doesn't work I will add an opposite logic setting.

Now I'm thinking about it the strategy you are describing is the RSI Crossing strategy, it buys when RSI is above 50 and it sells when the RSI is below 50.

What is the difference in your thinking?

What do you mean crossing is not needed? When RSI is above 50, it has crossed that level upwards and when it is below 50, it has crossed the 50 level downwards.

Well, it's not the same thing.

My strategy is Scalping, I use RSI in shorter periods, sometimes the RSI level is above 50 for several minutes/hours for example. Your EA will only open a trade when the first crossing takes place. after that it will wait for the next one. What I'm looking for is for EA to keep opening trades as long as the RSI level remains above 50 and vice versa.

I don't know if you understand me

Keep opening trades on what rule?

On each new candle or something else?

yes, keep opening trades on each new candle as long as RSI level remains above 50 for BUY and bellow 50 for sell (I manage those trades with grid strategy and stop loss from another EA)

do you think is possible?

It is possible, I will think about it and may introduce it in a next update.

I understand perfectly.

I will be very grateful if you can do that. I will buy the version for MT5 in case that happens.

Thank you for your attention, I look forward to your positive response.

good sales!

I will make the update soon.

I would like you to contact me at my info@juvenille-emperor.com email if its possible.

You're welcome, just make sure that you read the details for the new settings in the Settings/Inputs guide:

https://www.mql5.com/en/blogs/post/745828

Dear friends,

I have received some feedback that some of the set files I introduced 2 months ago, based on the 2021 RSI EA MT4 backtests, were not doing that great at the beginning of 2022.

I was also 'instructed' that a longer period of optimization, 2-3 years back instead of the 12 month optimization I am usually doing, would produce better and more adaptable to all kinds of market results.

In the previous 2 months, I've performed optimizations for a few symbols, based on a 3 year period (2019-2021) but I regret to say that the set files I produced were performing worse in 2022 than those that were based on 2021 alone.

So my idea that a closer to current market optimization would work better on the future market, is not that far from truth after all.

From now on all the optimizations I will perform will be based on the following sequence:

1. Two months after the 12 month period I want to optimize, I will perform new optimizations for all symbols, based on the prior to these 2 months period, for example I did new optimizations in February for the entire 2021.

2. I will test the best results that come out of that optimization, on the entire 12 month + 2 extra months period that has already passed, so in this example I backtested all optimized results on the entire 2021, plus Jan-Feb of 2022.

3. I am keeping only the results that perform well in these 2 extra months that follows the optimization period, so in our example I publish new set files only for the results and symbols that perform well at the beginning of 2022 too.

4. I will repeat this procedure 2 times every year, in February and in July, so you would expect new set files for the RSI EA MT4 in coming August and in March of 2023 next.

I wish you all health and prosperity!

Dear friends,

A new important update comes to the RSI EA MT4 that will improve significantly the responsiveness of the EA to the changes and volatility of the market.

The addition of Stop Loss, Take Profit, Break Even and Trailing Stop Loss levels in Percentage of Average Daily Range of a set number of Average Daily Range Candles.

Please update your RSI EA MT4 and load the new updated set files, that include the new SL/TP/BE ans trailing SL levels in Percentage of Average Daily Range.

hi there

After the last update the EA is not opening trades, an error appears: 'zero divides in RSI EA MT4.mq4' (904.17)