NasdaqRsiPullbackWithSp500
- Experts
- Version: 1.4
Purpose / Strategy
This Expert Advisor implements an RSI pullback approach for the Nasdaq (USTEC) and uses the correlation to the S&P 500 (US500) as a market filter. The aim is to trade pullbacks in existing trends and avoid sideways phases or adverse market conditions.
Signal logic (simplified)
Trend bias (USTEC): Determination of the trend direction (e.g. via EMA or price structure)
RSI pullback: Entry after overextension (RSI returns from overbought/oversold)
Correlation filter: Trade only if US500 confirms the same direction
Entry: Market order at new candle
SL / TP: ATR-based stop loss, take profit via fixed risk/reward ratio or ATR multiplier
Risk management & execution
Volume control: Fixed lot or risk-based (% of equity), optionally with MaxLot limit
Broker compatibility: automatic selection of permitted filling mode (FOK/IOC/RETURN), stop level security and volume step normalisation
New bar only: signals are only checked at candle close
Time & portfolio control
Optional session filter (server time)
Support for portfolio and risk gates via global variables (e.g. MASTER_RISK_STATUS)
Note:
The EA is completely rule-based and does not contain any profit or performance promises. Backtesting and demo trading prior to live use are recommended.
This Expert Advisor implements an RSI pullback approach for the Nasdaq (USTEC) and uses the correlation to the S&P 500 (US500) as a market filter. The aim is to trade pullbacks in existing trends and avoid sideways phases or adverse market conditions.
Signal logic (simplified)
Trend bias (USTEC): Determination of the trend direction (e.g. via EMA or price structure)
RSI pullback: Entry after overextension (RSI returns from overbought/oversold)
Correlation filter: Trade only if US500 confirms the same direction
Entry: Market order at new candle
SL / TP: ATR-based stop loss, take profit via fixed risk/reward ratio or ATR multiplier
Risk management & execution
Volume control: Fixed lot or risk-based (% of equity), optionally with MaxLot limit
Broker compatibility: automatic selection of permitted filling mode (FOK/IOC/RETURN), stop level security and volume step normalisation
New bar only: signals are only checked at candle close
Time & portfolio control
Optional session filter (server time)
Support for portfolio and risk gates via global variables (e.g. MASTER_RISK_STATUS)
Note:
The EA is completely rule-based and does not contain any profit or performance promises. Backtesting and demo trading prior to live use are recommended.

This EA implements an interesting combination of concepts. In my backtests, I found it unusable as originally intended for trading NAS100 and confirming direction against US500, at least not with its default parameter values. However, I found other pairs of instruments that would have worked in 2026 so far, and I've just posted a couple of comments on that.