GoldLab RSI Divergence
- Experts
- Version: 1.1
- Activations: 5
RSI divergence EA: regular bullish/bearish divergence on closed bars, confirmation candle, stop beyond the swing, R or opposite-swing target.
GoldLab RSI Divergence is a fully automated Expert Advisor for MetaTrader 5. It is designed for XAUUSD (gold) and also runs on other symbols such as EURUSD.
How it trades
- Swing detection - swing lows and highs are found on closed bars with a configurable strength (default 3 bars on each side). Nothing repaints: a swing only counts once the bars after it have closed.
- Regular bullish divergence - price makes a lower low while RSI makes a higher low, and RSI at the second low is below the set level (default 50).
- Regular bearish divergence - price makes a higher high while RSI makes a lower high, with RSI at the second high above the set level.
- Confirmation candle - within a few bars of the swing, a candle must close in the trade direction (by default also beyond the previous bar's high / low) before any order is placed.
- Stop-loss beyond the swing low / high plus an ATR buffer (with a minimum ATR distance). Take-profit at a fixed R-multiple (default 2R) or at the opposite swing between the two pivots (falls back to R if that swing is closer than 1R).
- Each divergence is traded only once. Optional break-even, and an opposite divergence can close the open trade.
Risk management (built in)
- Every trade is opened with a stop-loss. There is no martingale, no grid and no averaging down.
- Position size from risk % of balance (default 1%) or a fixed lot; lots are normalised to the broker's min / max / step and reduced if free margin is not enough.
- Daily loss limit: no new trades for the rest of the day once equity is down the set % from the day-start balance.
- Max spread filter, optional trading-hours filter, and no orders while the market is closed or trading on the symbol is disabled.
- Stop-loss / take-profit are always placed outside the broker's stops and freeze levels.
- Works on hedging and netting accounts (on netting accounts it opens only when the symbol has no position).
Inputs
| Input | Default | Description |
|---|---|---|
| Signal timeframe | Current | Timeframe for swings and RSI |
| RSI period | 14 | RSI length |
| Swing strength | 3 | Bars on each side that define a swing |
| Look back (bars) | 60 | How far back to look for the previous swing |
| Min bars between swings | 5 | Minimum distance between the two swings |
| Bullish RSI max / Bearish RSI min | 50 / 50 | RSI zone for the 2nd swing |
| Confirmation bars | 3 | Bars allowed for the confirmation candle |
| Require break of previous bar | true | Confirmation must close beyond the previous bar's high / low |
| ATR period | 14 | ATR for stop buffer |
| Stop buffer / min stop (x ATR) | 0.2 / 0.5 | Stop placement beyond the swing |
| Take-profit mode | R-multiple | Or opposite swing |
| Take-profit (R) | 2.0 | Target as a multiple of the stop distance |
| Break-even at (R) | 1.0 | Move stop to entry at this profit (0 = off) |
| Close on opposite divergence | true | Exit when the opposite signal appears |
| Risk per trade (%) | 1.0 | Risk as % of balance, used when Fixed lot = 0 |
| Fixed lot | 0.0 | Fixed lot size (0 = use Risk %) |
| Maximum lot | 10.0 | Upper cap per trade |
| Use minimum lot if risk lot is too small | true | On small accounts trade the broker minimum instead of skipping |
| Magic number | 20271003 | Change it to run several copies on one account |
| Daily loss limit (%) | 3.0 | Stop opening trades for the day at this loss (0 = off) |
| Max spread (points) | 60 | 2-digit gold / 4-digit FX scale (100 = 1.00 USD on gold); 0 = off |
| Restrict to trading hours | false | Optional start / end hour (server time) for new entries |
| Max slippage (points) | 30 | Same scale as spread |
| Show info panel | false | Optional status panel on the chart |
Recommended
- Symbol / timeframe: XAUUSD H1 (designed for gold); also works on FX majors. Any timeframe from M15 to H4.
- Account: any (hedging or netting), any deposit that allows the broker's minimum lot with a sensible risk %.
- VPS: recommended for uninterrupted operation.
Important notes
- No trading system can guarantee profit. Past performance, in the tester or live, does not guarantee future results.
- Always test the EA in the MetaTrader 5 Strategy Tester and then on a demo account before using real money, with your broker's own data and spread.
- Session hours are in your broker's server time - check your broker's time zone and adjust the hour inputs if needed.
- Start with a low risk % and use money you can afford to lose.
