Sharif Universal RSI Supervisor

SHARIF UNIVERSAL RSI SUPERVISOR

Sharif Universal RSI Supervisor is a free Expert Advisor for MetaTrader 4 based on the RSI indicator and designed according to a human-supervised trading philosophy.

The EA automates signal detection, order execution and protective stop placement. The operator remains in control through an on-chart panel that can pause or resume trading and adjust selected operating parameters.

HOW IT WORKS

The Expert Advisor normally analyzes completed M1 candles.

A buy signal is generated when RSI crosses from outside into the oversold zone. A sell signal is generated when RSI crosses from outside into the overbought zone.

By default, one confirmed crossing is required before an entry. The operator can increase or decrease the required number of crossings, or “touches,” using the input parameters or on-chart controls.

Remaining inside an RSI zone does not increase the counter. Only a new completed-candle crossing from outside into the zone is counted.

Default configuration:

• RSI period: 14

• Buy level: 26

• Sell level: 72

• Required touches: 1

• Take Profit: 3 times the spread recorded when the trade is opened

• One simultaneous position per symbol and Magic Number

• Signals normally calculated from completed M1 candles

• Chart-timeframe fallback enabled when sufficient or current M1 data is unavailable

HUMAN SUPERVISION

The on-chart controls allow the operator to:

• Pause and resume the Expert Advisor

• Increase or decrease the RSI levels

• Increase or decrease the requested lot size

• Adjust the Take Profit multiplier

• Adjust the number of required touches

• Monitor RSI, spread, system status, signal timeframe and touch counters

The touch counters are also paused while automated trading is paused.

TIMEFRAME FALLBACK

M1 is the primary timeframe used for signal calculation.

If sufficient or up-to-date M1 history is unavailable, the EA can automatically use the chart timeframe as a fallback. This improves compatibility with brokers, symbols and testing environments where M1 history may be unavailable or incomplete.

The on-chart panel displays the timeframe currently being used for signal calculation.

RISK CONTROLS AND COMPATIBILITY

• Configurable protective Stop Loss

• Maximum spread filter

• Available-margin check

• Adaptation to the broker’s minimum lot, maximum lot and volume step

• Adaptation to minimum Stop Loss and Take Profit distances

• Stop distances calculated from the applicable closing price

• ECN execution compatibility

• Safety-close attempt if protective stops cannot be attached

• Optional trading schedule based on broker server time

• Buy-only, sell-only or both-direction operation

• One position per symbol and Magic Number

• Compatibility with symbols using different digit formats or suffixes

MAIN INPUT PARAMETERS

• Lots: requested trading volume

• RSIPeriod: RSI calculation period

• SellRSILevel: entry level for the sell zone

• BuyRSILevel: entry level for the buy zone

• TakeProfitXSpread: spread multiplier used to calculate Take Profit

• StopLossPoints: Stop Loss distance in points

• TouchesRequired: number of confirmed crossings required before an entry

• MaxSpreadPoints: maximum permitted spread in points

• MagicNumber: unique identifier for the EA’s trades

• SlippagePoints: maximum permitted price deviation

• TradeDirection: 0 for both directions, 1 for buy only and 2 for sell only

• UseTradingHours: enables or disables the trading-hours filter

• StartHourServer: starting hour according to broker server time

• EndHourServer: ending hour according to broker server time

• StartTradingEnabled: determines whether the EA starts active or paused

• EnableChartControls: shows or hides the on-chart controls

• PersistChartSettings: optionally preserves adjustments made with the chart buttons

• AllowTimeframeFallback: permits the chart timeframe to be used when sufficient or up-to-date M1 data is unavailable

RECOMMENDATIONS

Test the Expert Advisor in the Strategy Tester and then on a demo account before using it on a live account.

Pay particular attention to the spread, symbol specifications, contract size, point value, broker trading hours, signal timeframe and Stop Loss configuration.

“Universal” refers to technical compatibility with different symbols and brokers. It does not mean that the system will produce the same behavior or results in every market.

RISK WARNING

Trading involves a risk of financial loss. This product does not guarantee profits and does not constitute financial advice. Historical or simulated results do not guarantee future performance. Users are responsible for configuring, supervising and operating the Expert Advisor according to their circumstances and risk tolerance.