Specification
It implements three different entry strategies
Customizable break-even, SL, TP and trailing-stop
Works for 2-3-4-5 digit symbols
Customizable indicator settings
EA should only one trade per cycle i.e if sl hit it should reset
Built-in money management
The EA implements the following entry strategies, that can be enabled or disabled at will:
Trade when the RSI Indicator is oversold or overbought
Trade when the RSI comes back from an oversold or overbought condition
different trading behaviors are available in the EA inputs:
Regular: The EA will buy at bullish signals and sell at bearish signals
Inverse: The EA will sell at bullish signals and buy at bearish signals
Only Buy: The EA will buy at bullish signals and disregard bearish signals
Only Sell: The EA will sell at bearish signals and disregard bullish signals
Input Parameters
1. Indicator Settings - Enter your desired RSI input parameters and oversold/overbought values.
2. Position Management - This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
3. Trading Settings - Select trading direction and trading scenarios to trade.
4. Session Settings - All
5. Filter Settings - This parameter group allows you to enable or disable multi-timeframe logic for the trades. For example, if you want to trade on the H1 chart 6. confirmed by the D1 RSI, load the EA on the H1 chart
Money Management - In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
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