Multi Market RSI Trade Manager
- Experts
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Ismael Ladjohounlou
Algorithmic trading developer and engineer (MQL5, MQL4, Python, C++). I build Expert Advisors, indicators and dashboards, and I test them before I deliver them.
What I do: - Version: 1.1
- Activations: 10
Multi Market RSI Trade Manager trades or signals several markets from a single chart: gold, silver, indices, forex pairs and crypto. The symbol names your broker uses are found automatically (for example XAUUSD.m, USTEC or US100).
Signal: RSI crossing a level on closed candles, RSI 14 crossing 50 on H1 by default. Period, level and timeframe are inputs. Two optional filters can be switched on per market: an EMA trend filter and an ADX filter for sideways markets.
Two modes, switched with one click on the dashboard
- Auto Trading: opens and manages the trades
- Signal Only: shows each signal with entry, stop loss, TP1 and TP2 and sends alerts, without placing orders
Trade management
- Stop loss and two take profits as ATR multiples or fixed points
- TP1 closes half of the trade and TP2 the rest; the stop moves to break-even after TP1 (two positions on hedging accounts, a partial close on netting accounts)
- Optional trailing stop after TP1
- Fixed lot or a percentage of the balance at risk, sized with the broker's own contract size, tick value, volume step and limits
- Maximum daily loss (no new trades for the rest of the day, optional close of open trades), maximum number of simultaneous trades, maximum spread and slippage
- One trade per market at a time; an opposite signal is ignored or closes the trade, as you choose
Per-market settings
On the first run the EA writes a settings file in MQL5\Files with one line per market: enabled, lot, risk, stop loss, TP1, TP2, maximum spread, session hours and filters. Edit it to tune each market separately, then reload the EA.
Dashboard and alerts
For each market the dashboard shows the direction, the RSI value, the last signal with its time, entry, stop loss, TP1 and TP2, the spread, the open position and its profit. The footer shows open trades, the daily loss limit and whether algo trading and push notifications are on. Each signal sends a popup, a sound and a push notification to the MetaTrader mobile app, and arrows are drawn on any open chart of that market, including past signals.
Reliability
Signals are decided on closed candles only. The last processed candle of each market is stored, so a restart never replays a signal that was already handled. Every order is checked for free margin, volume and stop distance before it is sent.
The default RSI rule is a simple entry rule, not a promise of profit. Test your markets and settings in the Strategy Tester and on a demo account before trading live.
