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 ;)
The code is based on indicator ZigZag which is in-built in MT4. I have changed it so that it isn't calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See attached chart for differences: ZigZag (red) versus ZigZagClose (yellow).Grid Template EA
Grid Template EA - A ready made expert adviser template to use for further development or use 'as is'