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Experts: Auto Trade (RSI)

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Automated-Trading
Admin
99093
Automated-Trading 2016.03.28 14:47 

Auto Trade (RSI):

This is my first expert totally based on RSI.

Auto Trade (RSI)

Author: Khurram Mustafa

John Benjamin
1821
John Benjamin 2016.03.29 17:53  
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
27613
Khurram Mustafa 2016.03.29 18:31  
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 2016.03.29 23:58  
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
163
Pawel Michalowski 2016.03.30 04:46  
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
332
Max 2016.04.19 16:08  
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
112
Andy 2016.06.14 08:27  
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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