Market / MetaTrader 5 / Experts /

RSI Strength MQL5 EA

30 USD

Demo downloaded: 32

Published: 15 January 2025

Current version: 1.0

RSI Strength MQL5 EA

Experts
Graham Kaiya
Graham Kaiya
Kenya

406
5 (1)
Creating a pro-gressive web based financial monument.

https://financebeta.com

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3 products
Version: 1.0
Activations: 20

RSI Strength EA - Relative Strength Indicator Based Expert Advisor

This Expert Advisor (EA) is based on the Relative Strength Index (RSI).

It will use the RSI levels and the Period set to enter either a BUY or a SELL trade.

Based on the set parameters for RSI, for example;

Currency pair = GBPUSD

Currency Timeframe/Period = 15min

Order Send Parameters

Lot Size = 0.01
Take Profit = 30
Stop Loss = 20

RSI Settings

RSI Timeframe/Period: PERIOD_CURRENT (Leave on period current if you want it to use the current timeframe displayed on the current chart. Otherwise you can set a pre_defined timeframe on the dropdown if you wish.)
RSI Period: 9
RSI Type of Price or Handle: PRICE_CLOSE
RSI Level High: 70
RSI Level Low: 30

BUY Trade

The EA will execute a BUY trade when the RSI crosses above the pre-set Level Low.

That is, the previous RSI Period was below Level Low (30), and the current RSI Period is above Level Low (30).

SELL Trade

The EA will execute a SELL trade when the RSI crosses below the pre-set Level High.

That is, previous RSI Period was above Level High (70), and the current RSI Period is below Level High (70).

NB: The EA will apply and use the currency and timeframe based on the chart you place the EA on.

More info:

Website: https://financebeta.com/

Telegram Channel: https://t.me/FinanceBeta

Telegram Group Chat: https://t.me/joinchat/KOChvq5dglFmMmQ9

Twitter: https://twitter.com/FinanceBeta

Instagram: https://www.instagram.com/financebeta/

Facebook: https://web.facebook.com/FinanceBeta

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