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RSIBand Pro EA MT5

5

RSIBand Pro EA is a hybrid strategy that has been tested and optimized using 100% History Quality from 2012 to 2023. Its main signal is based on Bollinger Bands, with RSI as a confirming signal to identify trends.


Supported currency pairs: AUDCAD

Recommended timeframe: M15


MT4 Version: Click Here


Backtest

  • Modelling quality: 100% History Quality
  • Spread: Variable
  • Time Period: 2012 – 2023.10
  • Symbol: AUDCAD
  • Timeframe: M15
  • Dynamic lot: Dynamically sets the lot size based on the current balance.

* Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers


Setting

  • Risk Management: Customize the level of risk according to your trading preferences.
  • Take Profit for Initial Trade: Set the take profit level in pips for the initial trade.
  • Take Profit for Pips as Position: Specify the average profit in pips that you want to achieve when opening multiple orders (2-3 orders).
  • Bollinger Bands Period: Determine the period of the Bollinger Bands used to calculate the upper and lower levels.
  • RSI Period: Set the period for RSI indicator used to generate secondary signals for confirming trend reversals.
  • Trade Distance: Define the minimum distance in pips between trades.
  • 3rd - 5th Trade Multiplier: Set the multiplier for the lot size of the third to fifth trades.
  • 6th Trade Multiplier: Determine the multiplier for the lot size of the sixth trade and subsequent trades.
  • Trade Count for Closing: Determine the maximum number of orders you are willing to have at risk, and if this limit is reached, the EA will close the orders at breakeven.
  • Percent Profit for closing: Set the average profit percentage at which you want to close the orders at breakeven.
  • Maximum Slippage in pips: Specify the maximum allowed slippage in pips for the next open trades.
  • Percent Stop Loss: Specify the percentage of your account balance that you are willing to risk as a stop loss.

  

Recommend

  • Currency Pairs: AUDCAD
  • Timeframe: M15
  • Account Type: Any, with a minimum spread (preferably ECN/Raw)
  • Leverage: 1:100 is recommended
  • Settings: Default
  • Minimal/Recommended Deposit: $1500 or 1500 US Cent


Reviews 8
Bruks51
84
Bruks51 2024.05.15 07:44 
 

Протестировал робота торгует с прибылью. Установил пока на центовый счёт. Спасибо автору за его труд. Результаты напишу позже.

Sadegh Bachak
243
Sadegh Bachak 2023.11.20 00:00 
 

According to your description, I added the plugin and the bot worked and I am testing. I will give my opinion after complete tests. Early tests with at least $1,500 have promising results, so I'll revise the score as well. Thank you.

herrryyyp
916
herrryyyp 2023.12.02 04:43 
 

Good

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[Deleted] 2024.05.19 03:41 
 

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Bruks51
84
Bruks51 2024.05.15 07:44 
 

Протестировал робота торгует с прибылью. Установил пока на центовый счёт. Спасибо автору за его труд. Результаты напишу позже.

herrryyyp
916
herrryyyp 2023.12.02 04:43 
 

Good

Book1035
84
Book1035 2023.11.21 06:28 
 

User didn't leave any comment to the rating

Sadegh Bachak
243
Sadegh Bachak 2023.11.20 00:00 
 

According to your description, I added the plugin and the bot worked and I am testing. I will give my opinion after complete tests. Early tests with at least $1,500 have promising results, so I'll revise the score as well. Thank you.

Miss Supatcha Pigulkaw
9017
Reply from developer Miss Supatcha Pigulkaw 2023.11.20 03:09
I think that you forgot to specify the symbol (currency pair) in the symbol field. Suffix needs to be included if your broker uses one!
BrightonTH
84
BrightonTH 2023.11.16 10:28 
 

User didn't leave any comment to the rating

hosein22m
413
hosein22m 2023.11.14 01:24 
 

User didn't leave any comment to the rating

Miss Supatcha Pigulkaw
9017
Reply from developer Miss Supatcha Pigulkaw 2023.11.21 09:42
"Thank you for your feedback! Our trading system has been able to achieve an average monthly profit of 2.2% over the course of 12 years at the low risk level, demonstrating its consistent performance. We are committed to providing a reliable and low-risk trading solution for our clients. If you have any further questions or concerns, please feel free to reach out to us. Your input is valuable, and we are continuously working to enhance our product to meet our customers' needs."
AHMED NOUR ELDEEN
650
AHMED NOUR ELDEEN 2023.11.13 19:33 
 

User didn't leave any comment to the rating

Reply to review
Version 1.2 2023.12.15
Added options for risk management
Version 1.1 2023.11.24
Add dropdown list of risk management