RSI Auto Close MT5

RSI Auto Close MT5

RSI Auto Close is a specialized, utility-focused Expert Advisor designed to lock in profits and protect your capital by automatically liquidating open positions when the Relative Strength Index (RSI) reaches extreme overbought or oversold conditions.

Unlike traditional trading robots, this utility never opens new trades. Instead, it monitors your chart in real time on every live tick and instantly closes ongoing manual positions the moment the RSI threshold is breached, helping discretionary traders exit at optimal exhaustion points without hesitation.

Designed for traders who want an automated, zero-lag exit strategy based on momentum and mean reversion.

Key Features

  • Zero trade opening: Strictly manages and liquidates existing positions without opening any unwanted trades or interfering with manual entries

  • Target direction selection: Choose whether the utility manages BUY-only or SELL-only positions via a dedicated dropdown menu

  • Instant tick-by-tick execution: Evaluates RSI level crossovers on every live price tick for sub-millisecond response time

  • Exhaustion exit logic: Automatically closes BUY positions when RSI crosses above the Overbought level, and closes SELL positions when RSI crosses below the Oversold level

  • Manual trade filter: Safely targets manual trades ( Magic Number = 0 ) on the attached chart symbol

  • Customizable RSI settings: Fully adjustable RSI calculation period, applied price, and timeframe

  • Multi-timeframe capability: Calculate RSI on the current chart or link it to a higher timeframe for macro-level exit confirmation

  • One-click master switch: Enable or disable the instant kill feature with a single input toggle

  • High performance: Ultra-lightweight codebase optimized for minimal CPU and memory usage during live trading and backtesting

Parameters

  • Instant Kill Switch: Master toggle ( true / false ) to enable or disable automatic position closure

  • Target Position Type: Dropdown selector to choose between BUY Only or SELL Only position management

  • RSI Period: Calculation period for the Relative Strength Index (default: 14)

  • RSI Overbought at: Upper threshold level for closing BUY positions (default: 70)

  • RSI Oversold at: Lower threshold level for closing SELL positions (default: 30)

  • RSI Timeframe: Target calculation timeframe (Current chart or specific timeframe)

  • RSI Applied Price: Price source used for RSI calculation (Close, Open, High, Low, Median, Typical, Weighted)

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Telegram to MT5: The Ultimate Signal Copying Solution Simplify your trading with Telegram to MT5, the modern tool that copies trading signals directly from Telegram channels and chats to your MetaTrader 5 platform, without the need for DLLs. This powerful solution ensures precise signal execution, extensive customization options, saves time, and boosts your efficiency. [ Instructions and DEMO ] [ FAQ ] [ How atach logs properly ] [ Settings descrition ] Key Features Direct Telegram API Integrati
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DrawDown Limiter v5.0 — Advanced Account Protection Controller DrawDown Limiter v5.0 is a client-side account protection controller designed to supervise your trading account and automatically react when configured risk, profit, news, schedule, rollover, or position limits are reached. It can monitor manual trades, automated strategies, multiple Expert Advisors, pending orders and floating positions from one dedicated chart. It can protect the complete account or be configured to supervise a spe
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