PrecisionEdge

PrecisionEdge EA — RSI and Stochastic Confluence System for MT5

PrecisionEdge EA is an automated Expert Advisor for MetaTrader 5. It uses two technical indicators — the Relative Strength Index (RSI) and the Stochastic Oscillator — to determine entry conditions. A trade is placed only when both indicators generate a signal at the same time on a new bar close.

Entry Logic

A buy order is placed when the RSI crosses upward out of the oversold level and the Stochastic %K line crosses above the %D line within the oversold zone. A sell order is placed when the RSI crosses downward out of the overbought level and the Stochastic %K line crosses below the %D line within the overbought zone. Only one position per symbol is allowed at any time.

Features

  • Entry requires confirmation from both RSI and Stochastic at the same bar close
  • Take profit is set directly on the order in pips
  • A global stop loss in USD closes all positions when total floating loss reaches the defined threshold
  • Free margin is checked before each entry using the CheckMoneyForTrade function
  • Lot size is validated and normalized against broker volume rules before order placement
  • An information panel on the chart displays current RSI value, Stochastic value, EA status, open profit or loss, take profit setting, and stop loss setting
  • The EA detects pip size automatically and is compatible with both 4-digit and 5-digit brokers

Input Parameters

  • Starting Lot Size — trade volume per order, normalized to broker specifications automatically
  • Take Profit (Pips) — distance in pips for the take profit level placed on each order
  • Global Stop Loss (USD) — total floating loss in USD at which all open positions are closed
  • RSI Period — number of bars used in RSI calculation (default: 14)
  • RSI Overbought Threshold — RSI level considered overbought (default: 70)
  • RSI Oversold Threshold — RSI level considered oversold (default: 30)
  • Stochastic %K Period — fast line period for the Stochastic Oscillator (default: 5)
  • Stochastic %D Period — slow line period for the Stochastic Oscillator (default: 3)
  • Stochastic Slowing — smoothing value for the Stochastic Oscillator (default: 3)
  • Stochastic Overbought Threshold — Stochastic level considered overbought (default: 80)
  • Stochastic Oversold Threshold — Stochastic level considered oversold (default: 20)
  • Magic Number — unique identifier assigned to orders placed by this EA
  • Max Slippage — maximum permitted slippage in points
  • Show Dashboard — enables or disables the on-chart information panel
  • Panel Corner — selects which corner of the chart the panel appears in
  • Panel X and Y Offset — adjusts the panel position on the chart

Recommended Use

  • Symbols: EURUSD, GBPUSD, USDJPY, XAUUSD
  • Timeframes: H1, H4
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Adam Hrncir
4.82 (44)
Experts
Scalper speed with sniper entries. Built for Gold. VERY LIMITED PRICE (8 licenses left) -  299 USD  (499 USD regular)  to celebrate WR6 launch Tired of all the fake EAs that eventually disappear? Most authors just create another EA when it fails - I wanted to do it differently. Wave Rider is my personal project built out of passion - honest, transparent EA without any fake AI or manipulated back-test that's been continuously updated for more than 8 months, that I am using myself from very first
Institutional SMC Robot
VUJCIC INVESTMENTS COMPANY
4.81 (21)
Experts
INSTITUTIONAL SMC ROBOT VERSION 3.0 Advanced Smart Money Concepts Trading System for MetaTrader 5 Executive Overview Institutional SMC Robot  is an automated trading solution engineered for modern financial markets. Built around elite Smart Money Concepts (SMC) architecture, the algorithm identifies and executes high-probability trades based on institutional order flow, market structure shifts, and liquidity dynamics. Unlike traditional retail indicators, Institutional SMC Robot  tracks real ins
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MQL TOOLS SL
5 (5)
Experts
Scalping Index Pro is a professional trading system designed specifically for fast and precise scalping on US30 and DE40 using the M1 timeframe . The system has been developed specifically for the unique behavior of major stock indices, focusing on short term price movements, rapid momentum changes, market volatility, and selective grid based trade management techniques to identify high probability trading opportunities . Scalping Index Pro is optimized for traders who prefer dynamic trading wit
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