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LB & SB using RSI & Momentum - expert for MetaTrader 4

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votes: 11
2016.12.22 17:33
LRMB.mq4 (22.26 KB)view
SRMB.mq4 (21.74 KB)view

The same EA's as previously released. The additional code allows the user to set parameters on RSI and Momentum. For guidance, in the variables, if the RSI buy restrict is set to 70, the EA will not place a pending buy order if the RSI is above 70.

The modification to the code is simple, even someone of limited knowledge of coding could change the indicators to one of their choice. Below are the new lines.

extern int         RSI_Period        = 14;
extern int         RSI_Buy_Restrict  = 1.;
extern int         RSI_Sell_Restrict = 1.;
extern int    Momentum_Period        = 14;       //  These additional lines in the variables
extern int    Momentum_Buy_Restrict  = 1.;
extern int    Momentum_Sell_Restrict = 1.;

double d_RSI = iRSI(Symbol(),0,RSI_Period, PRICE_CLOSE, 1);
double d_Momentum=iMomentum(Symbol(),0,Momentum_Period,PRICE_CLOSE,1);     // These two lines before the order send

&& d_Momentum < Momentum_Buy_Restrict && d_RSI < RSI_Buy_Restrict)
&& d_Momentum > Momentum_Sell_Restrict && d_RSI > RSI_Sell_Restrict)     //These two lines at the order send

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