Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2015.08.11 16:42

RSI EA - expert for MetaTrader 4

| English Español Português Русский Deutsch 日本語

votes: 38
rsi_ea.mq4 (6.76 KB)view


This Expert Advisor is based on overbought and oversold levels.

EA will buy when RSI is in the oversold and sell when RSI is in the overbought zone.

Update (2015.09.28):

  • TrailingStop has been added.
  • TrailingStop will active ONLY IF TrailingStop>0.
    input double   TrailingStop=0;
Update (2015.09.09):
input bool   OpenBUY=True;
input bool   OpenSELL=True;
input bool   CloseBySignal=True;
  • OpenBUY, OpenSELL — now you can set for sell only or buy only or both.
  • CloseBySignal — it means you must set Stop Loss and Take Profit (if ClosebySignal = false ).


Backtest results

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

LinesProfitLoss LinesProfitLoss

Calculates profit (loss) of the current orders on the symbol.

FFC - Forex Factory Calendar FFC - Forex Factory Calendar

Modified version of FF Calendar Indicator with new features.