RangeBeast
- Experts
- Version: 4.1
- Activations: 5
ENGLISH
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RSI PercentRisk EA is an automated grid expert advisor for MetaTrader 5. It trades RSI extremes: it buys when RSI falls to the oversold level (default 20) and sells when RSI rises to the overbought level (default 80), on the RSI period and timeframe you choose (default RSI 6 on M1).
How it works
- Adds positions on the same side only after price moves against the basket by a minimum step, measured as a percent of price. The percent-based distances adapt automatically to gold (XAUUSD), forex pairs and indices.
- The lot size starts automatically from your balance (or a fixed lot you set) and grows by a configurable factor, capped by a maximum lot.
- Each side is managed as one basket. When the basket reaches a small profit beyond break-even, the exit is armed, a profit lock is set and a trailing stop follows the profit.
- Profit-only exit rule: the EA closes a basket only when its net profit, after commission, is above the profit floor. If price moves through the stop and the basket is not profitable, the exit waits and fires on the first profitable tick. Deep baskets and the weekend window close on the first net profit.
- Protection: margin-level guard that reduces or blocks new orders, spread filter, trade-session check, news filter (live trading), weekend protection, and an optional defense hedge on hedging accounts.
- Netting and hedging accounts are both supported. On netting accounts the hedge is disabled and opposite orders are skipped.
Risk warning: grid systems that add positions against the market carry a high risk, and a basket held until it is profitable can show large floating drawdown. Profits are never guaranteed. Test on a demo account first and use a lot size that suits your balance.
