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Experts: Auto Trade (RSI)

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Automated-Trading
Admin
106510
Automated-Trading  

Auto Trade (RSI):

This is my first expert totally based on RSI.

Auto Trade (RSI)

Author: Khurram Mustafa

John Benjamin
2447
John Benjamin  
Automated-Trading:

Auto Trade (RSI):

Author: Khurram Mustafa

How does the EA work if RSI rises from below 30 and then crosses 50 for a buy and RSI falls from above 70 and then crosses 50?
Khurram Mustafa
39469
Khurram Mustafa  
John Benjamin:
How does the EA work if RSI rises from below 30 and then crosses 50 for a buy and RSI falls from above 70 and then crosses 50?

Open <45 >55

Close >52 <47 

I have used some average calculations to prepare this EA because single calculation will harmful for account :) 

MANUCB
5
MANUCB  
The EA does not close correctly with the opposite sign. Today with the EURGBP has not closed. You can review your EA and solution. Thank you.
Pawel Michalowski
213
Pawel Michalowski  
Running with StopLoss=0 will eventually drain your account ... this is a disaster waiting to happen ... look at your maximal drawdown->71% !?!?! ... if your logic was any good running w/o a stoploss should at least give you a good Max Drawdown say anything <20% I would consider a good strategy ... also after looking at your code I suggest you read more about RSI and first try implementing the classic use of that indicator which in itself can yield pretty good results ... good luck!
Max
423
Max  
Useless since it opens trade straight away, does not check condition on current/last bar, just constantly opens trade like this its simply crapness
Andy
120
Andy  
Hi khuram,

 With little modification, the ea works well, but i need to know how to get automatic close any transaction between RSI 33-67, bcoz in some case, the ea are opens in that range.

Pliz mail me  andykwiti@gmail.com tq
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