• Overview
  • Reviews
  • Comments
  • What's new

HR RSI Scalper

   The EA buys when RSI is overbought and sells when RSI is oversold with a 100 Point Profit Target and a 1000 Point Stop . If the result from the first trade is positive , the EA will open the next order in reverse , buying when the RSI is oversold and viceversa untill it gets a loss . If it gets a loss it reverses order direction again .

    The "HR" from the name comes from "High Risk" because if it gets, a loss it will recover it by increasing Lot size with the help of the implemented Recovery Factor which is set to 12 to recover the 1000 Points lost .

   The EA uses two levels of recovery , after which it does not increase lot size any more to prevent further losses .


Timeframe : H1 ;

Minimum recomended Balance : 500 USD ;

Parameters :

Lots - for fixed Lot setting ; TakeProfit, set to 100 Points ; StoLoss ,set to 1000 Points ; TrailingStop in Points ;

ManageLot if you want the EA to manage Lot size , correctly  calculated for accounts in USD ; RiskPercent ,set to 0.5 , not recomended to set above 1 ;

RecoveryFactor set to 12 ; RSIPeriod = 14 ; RSIUpperLevel and RSILowerLevel ; MagicNumber to differentiate from other EA's.

No reviews
Version 1.5 2019.05.08
Optimized code for placing orders .
Version 1.4 2019.05.08
Optimized code for placing orders and added comment to placed orders .
Version 1.3 2019.04.20
Fixed trailstop issue .
Version 1.2 2019.03.24
Introduced an implemented order reverse function if the trade is positive and added a second level of recovery by increasing lot size .