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LUCKiya

The EA uses the RSI indicator!

The principle of the Expert Advisor operation is simple: When the market is overbought - it sells, oversold - buys!

Trades happen:

  • Sell - after the candle closed in the overbought zone
  • Buy - After the candle closed in the oversold zone

Next, if the price went the opposite way, the EA opens an additional order, places TP, if TP was not triggered after a specified step parameter, opens one more order with the lot size multiplied by the value of lot_factor, and so on until the number of orders reaches the value of max_steps, SL is placed in the last step. Once the SL triggers all orders are closed. Locking can be enabled after the step 2 using the lock_step parameter up to max_steps


Strategy example

Various strategies can be used, the signal https://www.mql5.com/en/signals/178291 uses the following:

Set the value of max_steps - 5 and lock_step - 5, lock_koef - 10.0, i.e. covers the volume of all main orders in the grid, in the last step the TP is extended by the take_profit 2 parameter, and if the SL triggers, the loss of the main orders will be covered!

The EA can be optimized for any market situation, the standard initial deposit is recommended from 3000 units per currency pair or more.


General recommendations:

Use StartLots=0.01 per each 3000 units of the currency

Use different Magic numbers for simultaneous trading on multiple currency pairs


Input Parameters:

  • lot - Starting Lot Size
  • lot_factor - lot multiplier
  • take_profit - Take Profit
  • take_profit2 - Take Profit in the last step (if 0 - disabled)
  • take_profit_add - Increase in the value of TP with each subsequent step
  • max_grids - the number of parallel order chains
  • stop_loss - Stop Loss
  • trail - the distance from the price to activate trailing stop
  • trail_start - profit in points to activate trailing stop;
  • step - step between orders in points
  • step_add - Increase in the step length with each subsequent step
  • max_steps - The maximum number of steps
  • lock - Locking (True/enabled, False/disabled)
  • lock_step - Step to start locking from
  • lock_coef - locking ratio, as a fraction of 1 (0,5 – 50% of the main order)
  • rsi_period - RSI period
  • rsi_up_level - The upper level of RSI
  • rsi_down_level - The lower level of RSI
  • magic - Magic number (separate for each currency pair)

Unused parameters, (under testing)

  • atr_period - ATR period
  • atr_level - ATR level
  • atr_step_add - Increase of the step when the specified «atr_level» level is exceeded
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Price: 299$             Live Signal   https://www.mql5.com/en/signals/943594 Telegram Channel      https://t.me/Successful_Forex_EA  Recommended VPS: https://ruvds.com/pr5256 Recommended Broker: https://ru.weltrade.com/?r1=ipartner&r2=36541 London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms
299 USD
Cobra EA
Vsevolod Gorkovtsov
Sales promo: Cobra EA for $249 only for 10 buyers! 7 copies left, next price - $299 Have your EA or a signal failed soon after it became too crowded ? Shouldn't there be a technical solution to this in the 21st century? For the last several years I have been actively working on the solution to this problem. Name of it – Cobra EA Cobra is a revolutionary grid system unlike anything you have ever seen . And these are not just marketing words, they are backed up with sophisticated algorithmi
249 USD
Spider Crazy Pro
Michela Russo
Spider Crazy Pro is at discount Price only Today, at 50% of the Original Price! Buy Now! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not
395 USD
Trend Line GRID mt4
Evgenii Aksenov
This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unprofitable orders by closing them with a counter profit. This ensures that a profit is achieved in each trend. EA also accompanies trades opened in manual mode
249 USD
Breakthrough Strategy
Konstantin Kulikov
📢 Special offer for this week 🎁 Discount price - 297$  This system was developed to work with a large number of sets and after a certain time showed itself well when working at the close of trading on Friday. As a result, this direction of trading has become the main one for working with this expert. There are 25 current sets for different currency pairs, as well as a profile for quick setup   (download in comment #164 ). You can analyze the statistics of the work of an expert for different c
297 USD
Rocket Man
Evgenii Golovanets
Price: $499 Recommended broker Recommended broker №2 Live signal   https://www.mql5.com/en/signals/950658 Telegram channel   https://t.me/rocketman_ea Rocket Man  is a fully automated expert adviser, which implements convenient features to perform multicurrency trading with the ability to widely diversify trading risks. This Forex robot uses just one deal for trading and always use stop loss and take profit to protect capital! Expert never uses dangerous methods of money management, such as mar
499 USD
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Version 1.2 2016.02.15
Fixed testing errors