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RSIBand Pro EA MT5

FREE

Published: 9 November 2023

Current version: 1.2

RSIBand Pro EA MT5

Experts
Miss Supatcha Pigulkaw
Version: 1.2
Updated: 15 December 2023

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

more...

232

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.

650

AHMED NOUR ELDEEN 2023.11.13 19:33 #

RSIBand Pro EA for MT5 is an expertly crafted grid trading tool that leverages the power of RSI and Bollinger Bands to optimize trading decisions. Its default settings provide a user-friendly yet effective strategy, particularly tailored for the AUDCAD pair. With a modest starting capital of $1500, the EA demonstrates a remarkable potential for profit generation. The integration of RSI and Bollinger Bands ensures a balanced approach to market analysis, offering traders a reliable tool for achieving consistent gains with minimal configuration hassle. Overall, RSIBand Pro EA MT5 stands out as a valuable addition to any trader's toolkit, combining simplicity and profitability in an impressive manner. Thanks for the developer for good job

632

herrryyyp 2023.12.02 04:43 #

Good

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EA Grid- BollSto is a hybrid strategy that has been tested and optimized using 99.9% tick data from 2008 to 2023. Its main signal is based on Bollinger Bands, with Stochastic as a confirming signal to identify trends. It can be used on various timeframes such as M15, M30, H1, H4, and D1, with customizable settings. * Recommended to use 1 timeframe per 1 account to limit risk. The risk management system allows you to choose your preferred risk level. The user-friendly interface, coupled with hig

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EuroPips Pro is a sophisticated and reliable Expert Advisor (EA) designed to capitalize on trading opportunities in the forex market. It is equipped with a comprehensive set of features and indicators to identify profitable trading signals and manage trades with precision and efficiency. Key Features: 1. Currency Pair and Timeframe: EuroPips Pro is specifically optimized for trading the EURUSD currency pair on the H1 timeframe, allowing it to focus on this market with a high level of precis

100 USD

DynamicBandit EA is a unique and versatile hybrid strategy that has undergone rigorous testing and optimization using 99.9% ticks data from 2010 to 2023. Its core strategy is based on Bollinger Bands, complemented by Envelopes to confirm trend identification. With our risk management system, you have the flexibility to choose your preferred risk level. The user-friendly interface, combined with high-quality stability and real-time processing modules, offers an extensive array of configuratio

100 USD

EA Grid- BollSto is a hybrid strategy that has been tested and optimized using 100% History Quality from 2008 to 2023. Its main signal is based on Bollinger Bands, with Stochastic as a confirming signal to identify trends. It can be used on various timeframes such as M15, M30, H1, H4, and D1, with customizable settings. * Recommended to use 1 timeframe per 1 account to limit risk. The risk management system allows you to choose your preferred risk level. The user-friendly interface, coupled wit

100 USD

DynamicBandit EA is a unique and versatile hybrid strategy that has undergone rigorous testing and optimization using 100% real ticks History Quality data from 2010 to 2023. Its core strategy is based on Bollinger Bands, complemented by Envelopes to confirm trend identification. With our risk management system, you have the flexibility to choose your preferred risk level. The user-friendly interface, combined with high-quality stability and real-time processing modules, offers an extensive arr

100 USD

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632

herrryyyp 2023.12.02 04:43 #

Good

Book1035 2023.11.21 06:28 #

User didn't leave any comment to the rating

232

Sadegh Bachak 2023.11.20 00:00 #

7254

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 2023.11.16 10:28 #

User didn't leave any comment to the rating

301

hosein22m 2023.11.14 01:24 #

It does martingale and the risk is high and it gives very little profit After one month, it pays 10 dollars

7254

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."

650

AHMED NOUR ELDEEN 2023.11.13 19:33 #

Version 1.2 2023.12.15

Added options for risk management

Version 1.1 2023.11.24

Add dropdown list of risk management