Getting Started with FxS Moving Average Pro EA

 Table of Contents

1. Introduction

2. Installation

3. Input Parameters

• Recovery Techniques
• Trade Settings
• Trailing Options
• Moving Average Settings
• Time Filters
• Dashboard Settings

4. Optimizing the EA

5. Troubleshooting

   1. Introduction

Welcome to FxS RSI Pro EA, your all‑in‑one Expert Advisor built for MetaTrader 5. This guide walks you through installation, configuration of six RSI–based strategies, advanced loss‑recovery systems, trailing management, and dashboard features.

   3. Input Parameters

• Recovery Techniques

a. Averaging Down Parameters

Averaging Down: Adds positions at fixed intervals after a loss.

For Averaging Down, the relevant inputs are shown in red above.

• Maximum averaging positions : Maximum number of averaging positions allowed (for safety, default: 12).
• Points between averaging positions : Distance in points for averaging down (used in position tracking)
• Minimum loss in points before averaging : Minimum loss in points before averaging 
• Lot multiplier : Multiplier for increasing lot sizes with each averaging trade

b. Stop and Reverse            

Stop-and-Reverse: Closes losing position, opens opposite.

For Stop-and-Reverse, the relevant inputs are shown in red above.

• Lot multiplier: Multiplier for increasing lot sizes after each stop and reverse trade
• Maximum levels : Maximum stop and reverse positions allowed (for safety).

  c. D'Alembert System  

D'Alembert System: Increases lot by base after a loss, decreases after a win.

For D'Alembert System, the relevant inputs are shown in red above.

• Maximum lot size: (1.0 default) to cap the maximum lot size 
• Minimum lot size : (0.01 default) to cap the minimum lot size 
• D'Alembert Base lot size - The D'Alembert unit to increases the lot size by after a loss , decrease after a win

d. Modified Martingale

Modified Martingale: Adjusts martingale multiplier on wins/losses.

For Modified Martingale, the relevant inputs are shown in red above.

• Lot multiplier: Multiplier for increasing lot sizes after a loss, range (×1.1–1.9). The lot size is reset to initial after a win.
• Maximum levels : Maximum Modified Martingale levels allowed (for safety, default:8).

 e. Reverse Martingale

Reverse Martingale: Increases lot only after wins.

For Reverse Martingale, the relevant inputs are shown in red above.

• Lot multiplier:  Multiplier for increasing lot sizes after a win. The lot size is reset to initial after a loss.
• Maximum levels : Maximum Reverse Martingale levels allowed (for safety, default:8).

 f. Classic Martingale

Classic Martingale: Doubles lot after each loss.

For Classic Martingale, the relevant inputs are shown in red above.

• Maximum levels : Maximum Classic Martingale positions allowed (for safety, default:8).

g. Grand Martingale

Grand Martingale: Adds a fixed increment to each doubling.

For Grand Martingale, the relevant inputs are shown in red above.

h. Fibonacci Martingale

Fibonacci Martingale: Follows Fibonacci sequence for lot sizing.

For Fibonacci Martingale, the relevant inputs are shown in red above.

• Steps back in Fibonacci sequence after win: the number of steps to move backward in the sequence after win.
• Maximum levels : Maximum Fibonacci Martingale levels allowed (for safety, default:8).

• Trade Settings

a. RSI Overbought and Oversold

Ideal for: 

b. RSI Divergence

Concept:  

Ideal for: 

• Works well in trending and reversal markets.

c. RSI Trend Confirmation

Concept:  

• Use RSI to confirm trend strength and avoid false signals.
• Buy when RSI stays above 50 (strong uptrend).
• Sell when RSI stays below 50 (strong downtrend).

Ideal for: 

• Works well in strong trending markets.

d. RSI and Moving Averages

Concept:  

• Combine RSI with a moving average crossover to confirm trade signals.

Ideal for: 

• Works well in trending markets.

e. RSI Breakout

Concept:  

• Identify RSI consolidation (flat movement) before a breakout.
• Look for RSI to break above 60 for a bullish breakout.
• Look for RSI to break below 40 for a bearish breakout.

Ideal for: 

• Works well before major price breakouts.

f. RSI Scalping

Concept:  

• Use a short RSI period (e.g., 5 or 7) for quick entries and exits.
• Focus on M1 or M5 timeframes.

Ideal for: 

• Works well in high volatility periods.

g. Current Price Orders

• Trailing Stop Loss or Take Profit  

• Use Trailing Stop Loss - Toggle to enable/disable using trailing stop
• Trailing Stop  in pips - The distance to maintain between price and stop loss
• Trailing Step  in pips - Minimum step to move the stop loss
• Use Trailing Take Profit  - Toggle to enable/disable using trailing take profit instead of trailing stop

• RSI Settings   

• Time Filters  

• Use time filters - Toggle to enable/disable using time filters
• Trade on Friday - Toggle to enable/disable trading on Friday
• Don't trade on Monday - Toggle to enable/disable trading on Monday
• When To Trade (Server Time) - Select which session should trading be allowed

• Dashboard Setting   

• Show Dashboard - Show dashboard can be either Yes or No
• Dashboard Style - Dashboard Style options are Default, Dark or Classic

   4. Optimizing the EA

For a detailed guide of how to optimize the EA, refer to this guide Optimization Settings.

   5. Troubleshooting

• Frequently Asked Questions (FAQ)