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Published by:: Vladimir Karputov
Views:: 7703
Rating:: (24)
Published:: 2018.12.18 19:19

RSI_Expert_v2.0.mq5 (57.63 KB) view

Download as ZIP, How to download code from MetaEditor

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Author of the idea - Aleksey Cherbaev

mq5 code author - barabashkakvn

The EA only operates when a new bar appears. It always uses iRSI indicator, while using iMA indicators depends on the Trade on Moving Average parameter:

MA trade: Off - Moving Average indicators are not used
MA trade: Forward - usual comparison at the intersection of two Moving Averages (Fast and Slow)
MA trade: Revers - signal reversal at the intersection of two Moving Averages (Fast and Slow)

To disable a stop loss (Stop Loss), take profit (Take Profit) or trailing (Trailing Stop) simply pass "0.0" to the parameter.

Lot size management

The lot may be constant ("Money management" parameter is equal to "Constant lot") - or dynamic, in risk % per trade ("Money management" is equal to "Risk in percent for a deal").

The EA can be launched on netting as well, though the result is unpredictable.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22458

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RSI_Expert_v2.0 - expert for MetaTrader 5