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

votes: 52
2015.08.11 16:42
2016.11.22 07:32
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

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