RVI ProLab mt5

RVI EA is a flexible MT5 Expert Advisor built around the classic RVI (Relative Vigor Index) concept, designed for traders who want control, clarity, and customization.

RVI is widely used because it compares closing price behavior to the overall trading range to help gauge trend strength and potential reversals in a clean, testable way. It adapts well across different markets and timeframes (Forex, Metals, Indices, Crypto, and more). This EA turns the RVI concept into a configurable trading framework where you can build your own setups using adjustable parameters and optional filters to match your strategy style.

This is not a “fixed strategy EA”. It is a framework that allows you to build your own rules, optimize parameters, and test variations until you find a configuration that fits your style and your symbol.

  • NEW (from 50$ only): Choose 1 EA for Free! (limited to 2 trade accounts numbers, any of my ProLab EAs)

    you have a specific filter or feature you’d like to add, feel free to contact me — suggestions are welcome and future improvements are always considered.

    Inputs & Settings Overview

    This EA is built as a strategy framework. Every feature can be enabled/disabled, optimized, and combined to match your exact trading rules.

    1) Trade Settings

    • Trade Direction: Buy only, Sell only, or Buy & Sell

    • Close on Reverse Signal: Option to close open positions when an opposite signal appears

    • Max Orders: Limit the number of open orders (0 = disabled)

    • Fixed Lot Size: Manual lot size per trade

    • Take Profit: TP in points

    • Stop Loss: SL in points

    • Magic Number: Unique identifier for EA positions

    2) RVI Entry Settings
    Entry Timeframe: inpTimeframe (timeframe used to calculate RVI)
    Inverse Entry Signal: inverseEntrySignal (reverse the buy/sell logic if enabled)

    RVI Parameters

    • RVI Period: inpRVIPeriod (number of bars used in the RVI calculation)

    3) Spread Filter

    • Enable Spread Filter (UseSpread): Avoid trading during high spread conditions

    • Max Spread (MaxSpreadPoints): Maximum allowed spread in points

    Trend Filters (Optional Multi-Layer Confirmation)

    You can enable up to 7 trend filters, each with its own timeframe and optional signal inversion. This allows you to build anything from a simple system to a highly filtered framework.

    Trend Filter 1 — Moving Average

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • MA Period

    • MA Method

    • Applied Price

    Trend Filter 2 — Moving Average

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • MA Period

    • MA Method

    • Applied Price

    Trend Filter 3 — RSI

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • RSI Period

    • Applied Price

    • Bullish Level

    • Bearish Level

    Trend Filter 4 — Parabolic SAR

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • Step

    • Maximum

    Trend Filter 5 — Stochastic Oscillator

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • Price Mode

    • MA Method

    • %K Period

    • %D Period

    • Slowing

    Trend Filter 6 — MACD

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • Fast Period

    • Slow Period

    • Signal Period

    • Applied Price

    Trend Filter 7 — ADX

    • Enable/Disable

    • Inverse Filter Signal

    • Timeframe

    • ADX Period

    • Minimum ADX Strength

    Trade Management

    4) Trailing Stop Module

    • Enable Trailing Stop

    • Trailing Stop Type: Normal Trailing / Parabolic SAR Trailing / ATR Trailing

    Normal Trailing

    • Trail Start

    • Trail Distance

    • Trail Step

    Parabolic SAR Trailing

    • SAR Timeframe

    • SAR Step

    • SAR Maximum

    ATR Trailing

    • ATR Timeframe

    • ATR Period

    • ATR Multiplier

    • ATR Start (0 = immediate)

    • ATR Step

    5) Break Even

    • Enable Break Even

    • Start Profit: Activate BE after X points profit

    • Offset: Lock extra points beyond entry

    Profit & Loss Control in USD

    6) Take Profit Based on USD

    • Close single BUY when profit ($) exceeds a set value (0 = disabled)

    • Close single SELL when profit ($) exceeds a set value (0 = disabled)

    • Close all BUY trades when total profit ($) exceeds a set value (0 = disabled)

    • Close all SELL trades when total profit ($) exceeds a set value (0 = disabled)

    • Close all trades when total profit ($) exceeds a set value (0 = disabled)

    7) Stop Loss Based on USD

    • Close single BUY when loss ($) exceeds a set value (0 = disabled)

    • Close single SELL when loss ($) exceeds a set value (0 = disabled)

    • Close all BUY trades when total loss ($) exceeds a set value (0 = disabled)

    • Close all SELL trades when total loss ($) exceeds a set value (0 = disabled)

    • Close all trades when total loss ($) exceeds a set value (0 = disabled)

    Trading Schedule Filters

    8) Do Not Trade — Session Filter

    • Broker to GMT Offset: Convert broker time to GMT session hours

    • Disable trading during Sydney session (start/end hours)

    • Disable trading during Tokyo session (start/end hours)

    • Disable trading during London session (start/end hours)

    • Disable trading during New York session (start/end hours)

    9) Do Not Trade — Day Filter

    Disable trading on selected days:

    • Sunday / Monday / Tuesday / Wednesday / Thursday / Friday / Saturday

    Risk Engine

    10) Equity Protection

    • Enable overall equity drawdown protection

    • Max drawdown (%) from highest equity

    • Option to close all trades when triggered

    11) Daily Equity Protection

    • Enable daily equity loss limit

    • Max daily loss (%) from day start equity

    • Option to close all trades when triggered





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