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Basic Rsi Template EA - expert for MetaTrader 4

Kenneth Parling | English Español Português 日本語 Deutsch

Views:
6065
Rating:
votes: 13
Published:
2019.09.29 06:13

Basic RSI Template EA - Market entries by signal from Relative Strength Index indicator, basic default values of overbought 70 and oversold 30.  It's a template to use for further study or develop as you like.This template has all basics including money management to be fully functional in trading operations but of course with the lack of important trading checks and market entry rules such as new bar function. As is, the adviser open a trade as soon there are a given signal without waiting for a new bar or anything else...

You can expand the signal function, adding more to it or maybe you want other indicator(s) then RSI. Adding trailing stop if you want to secure your profits at certain levels and much more....

Have fun ;)

adviser settings

rsi_template_settings

on chart

rsi_template_chart

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