FreelanceSections

Simple RSI based EA

MQL4 Experts

Job finished

Execution time 14 hours
Feedback from employee
Very thanks for order! Please let me know if you need programmer!

Specification

Hi developers! I want to create a simple but effective RSI system which works as following. The timeframe will be fifteen minutes and the overbought level is 80, oversold is 20 (variable needs to be possible so I can tweak this option). The system only needs to buy when RSI breaks below RSI 20 level and then breaks above it again (on candle close). When RSI then is above 20, buy needs to take place). System only needs to sell when RSI is above 80 and breaks below it again (on candle close). This way, we can prevent too early signals and filter out good trades with 1:1 RR. I have backtested this method, it has to be a very simple but effective strategy with RSI as only indicator. 

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Project information

Budget
30+ USD
VAT (21%): 6.3 USD
Total: 36.3 USD
For the developer
27 USD