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RSI Strategies EA

3.67

RSI strategies EA supports multiple RSI based strategies. Purchasing this EA can save you the time taken to automate your existing RSI strategy, through coding a custom EA and it also helps you discover profitable RSI strategies as its fully compatible with the strategy tester and all settings are editable. The EA supports both scalping, short term and long term strategies. The various supported settings are explained below:

NOTE: The default settings in the EA are simply place holders. Before using the EA, please enter your own settings that work for you best.

Trade settings

  • Lots- This is the lot size for opening trades. If this value is greater than zero, then fixed lots will be used.
  • RiskPercentage- The percentage of free margin to risk in a trade. The Lots setting must be left as 0 to use this setting instead.
  • TakeProfit- The fixed take profit value in points. If 0 then no take profit will be set.
  • StopLoss- The fixed stop loss value in points. If 0 then no stop loss will be set.
  • CloseOnReverseSignal- If set to 1 or true, then trades will be closed if a trade signal opposite the one that opened the trade appears.
  • WaitForCrossBarClose- A trade will only occur after the bar where the cross occured closes.
  • OneTradeAtAtime- If set to true, then only one trade will be opened at a time.
  • MaximumTrades- If this setting is greater than 0, then the EA will be limited to a maximum of this number of trades at any one time.

Settings for trailing stop;

  • AllowTrailingStop- This setting must be set to true if trailing stop is to activate.
  • TrailDistance- The trailing stop will be this distance in points away from the price.
  • TrailTrigger- The trailing stop will only start when the trade is at least this number of points in profit.
  • TrailStep- After the trailing is active, a new modification will only occur when there is at least a change of this points. This prevents too many trade modifications on every little price change and hence saves on memory usage.

Settings for the RSI indicator;

  • RSIperiod- Period setting for the RSI indicator.
  • AppliedPrice- Applied price setting for the RSI indicator. Set 0 for close price, 1 for open price, 2 for maximum price, 3 for minimum price, 4 for median price, 5 for typical price and 6 for weighted close price.
  • BuyPoint- RSI level of which if crossed upwards, a buy trade opens and any open sell trade from the ea is closed.
  • SellPoint- RSI level of which if crossed downwards, a sell trade opens and any open buy trade from the ea is closed.

In the EA, a buy signal or uptrend is when the RSI crosses the BuyPoint setting upwards and a sell signal or downtrend is when the RSI crosses the SellPoint setting downwards.

Reviews 3
PeterSwaby
1483
PeterSwaby 2019.08.30 11:06 
 

This expert advisor is very good value for money.

Regards

Peter

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Gold Excel
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Welcome to   GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller **V3.0 Update Read Blog :  https://www.mql5.com/en/blogs/post/756411 ***IMPORTANT ANNOUNCEMENT DST TIME CHANGES - USERS PLEASE READ****:   https://www.mql5.com/en/market/product/111410?source=Site#!tab=comments&page=2 ***Next price ri
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ONLY 3 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. Limited price $199 is only for 10 first sales. After 10 sales, the price will be raised +$100. Final price for Gold Trading Algo is $1999. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Forex EA Trading Channel:  Update the latest news from me Some Features: - No Martingale, No Grid - The order is always protected by Stoploss - EA is using in-b
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Filter:
Jesroy
126
Jesroy 2023.07.11 09:21 
 

this is an incomplete EA for the price the author is asking - news filter and trading hours filter please, also grid is missing.

anonimou anonimo
28
anonimou anonimo 2019.09.04 01:30 
 

My opinion is that you should turn it upside down, when the robot comes in short it must go long or vice versa, I don't know if you understand me,

I give you 3 stars because I see that it is on the right track, but you should give the option to change that, in addition to adding what I told you before giving the option to close in equity thanks

I like the robot a lot, but I've been changing the configuration and testing for a week, but I've only reached those two solutions

once again sorry for my english

PeterSwaby
1483
PeterSwaby 2019.08.30 11:06 
 

This expert advisor is very good value for money.

Regards

Peter

Reply to review
Version 1.4 2021.06.17
Minor updates.
Version 1.3 2020.02.23
A bug in the trailing stop sorted.
Version 1.2 2019.07.15
Minor updates.
Version 1.1 2018.11.20
Performance improvements.