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Expert Advisor for MT4 using just RSI and Supertrend

MQL5 Experts Trading robot/indicator debugging Collection of data on the internet

Job finished

Execution time 12 days

Specification

Indicators used:

RSI

Settings:  [13 period], [weighted close] 


MA of RSI:  [5 period], [smoothed] (shown in yellow)


Supertrend

Settings:  [ATR 10], [multiplier 1.7] (standard settings)


Enter a BUY trade when:

  • MA of RSI crosses above 50 on a candle close, AND

  • Supertrend line is green (rising market)

Both conditions must be met.

No buy trades while RSI<50


Enter a SELL trade when:

  • MA of RSI crosses below 50 on a candle close, AND

  • Supertrend line is red (falling market)

Both conditions must be met.

No sell trades while RSI>50

Full details in the attached file.






Files:

TXT
Expert_Advisor_for_MT4.txt
2.9 Kb

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