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RSI EA - expert for MetaTrader 5

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Published by:
Vladimir Karputov
votes: 23
2017.03.02 10:00
RSI_EA.mq5 (24.23 KB)view

RSI EA — trading based on overbought/oversold zones determined by the iRSI (Relative Strength Index, RSI) indicator.

Author of the idea is Siti Latifahauthor of the MQL5 code is barabashkakvn.   

The Expert Advisor will buy when the RSI indicator enters the oversold zone, and will sell when RSI enters the overbought zone.

  • OpenBUY, OpenSELL — now you can configure only buy, only sell or both directions.
  • CloseBySignal — you should set Stop Loss or Take Profit if ClosebySignal = false.

An example of a buy signal:

RSI EA Open Buy 

An example of a sell signal:

RSI EA Open Sell 

Translated from Russian by MetaQuotes Software Corp.
Original code:

Money Fixed Margin Money Fixed Margin

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21hour 21hour

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