Signals Provider RSI and Fibonacci

Adapted RSI indicator (according to DeMark), automatically constructed Fibonacci lines and convenient active information panel create reliable conditions for profitable multicurrency trading by the advisor Signals Provider RSI and Fibonacci

Attaching EA to different windows of currency pairs creates a hedging effect (minimizing the risk of unforeseen market price fluctuations). To do this, after attaching EA to the currency pair window, you need to change the MagicNumber number and, accordingly, enter other input parameters of this currency pair.

EA signals.

Operation description


The expert, according to the signals of the RSI (Relative Strength Index) indicator and the advice of Thomas Demark (when the indicator is in the overbought (oversold) zone more than 5 bars), identifies possible divergence (price divergence and indicator reading), sets the required number of orders with the installation of StoLoss and TakeProfit. At the same time with monitoring the RSI signal, it draws Fibonacci lines on which TakeProfit orders will be oriented later, while the placed orders can be fixed both on the nearest Fibonacci lines and on subsequent lines or according to the RSI indicator turn signals (the expert, in this case, automatically moves TakeProfit to the next Fibonacci level), for this you need to set the EA with the appropriate parameters UseTProfitFibo, UseTProfitRSI, UseSLossRSI, and also enable or disable the trailing stop UseTrStop. By default, they are all already included and displayed in the input parameters as true.

In the active information panel, the main input parameters for each currency pair are displayed and buttonsfor closing profitable, unprofitable or all orders for one specific currency pair are placed. That is, at your discretion, you can close orders for a specific currency pair and not catch orders among their total diversity set in the terminal.

With strong bullish and bearish market sentiment, it is recommended to shift overbought lines - MaxpercentRSI or oversold - MinpercentRSI to higher or lower values (for example, an uptrend, sideways overbought standard MaxpercentRSI = 60 - 70% can be moved to MaxpercentRSI = 75 - 100%, with a downtrend, the oversold standard of the side trend MinpercentRSI = 40 - 30% can be moved to MinpercentRSI = 25 - 1%).

Inputs

  • Lot - lot size you can use any lot size, fractional 0.01 or 0.1;
  • SL - stop loss;
  • NumberOrder - number of orders;
  • FiboBars - the number of bars for the calculation and normal operation of the display of Fibonacci lines;
  • UseTProfitFibo - includes automatic movement of TakeProfit to the next Fibonacci level;
  • UseTProfitRSI - includes automatic closing of profitable orders based on RSI indicator signals;
  • ProfitClosing - profit closing percentage (higher percentage - less often closing);
  • UseSLossRSI - enables automatic closing of unprofitable orders based on RSI indicator signals;
  • LossClosing - loss closing percentage (higher percentage - less often closing);
  • UseTrStop - enable / disable trailing stop;
  • TrailingStop - trailing stop value in points;
  • TimeFrameRSI - any time interval for indicator RSI;
  • ValuePricesRSI - at what price the indicator is calculated;
  • MaxpercentRSI - maximum oversold percentage for RSI indicators, preferably 60-100%;
  • MinpercentRSI - minimum overbought percentage for RSI indicators, preferably 1-40%; 
  • MagicNumber - magic number, integer constant used to uniquely identify orders.

The EA determines the permission to trade in robots and immediately alerts you with the help of the Alert notification system (a separate window will pop up with an audible alert, see the screenshot) in the MT4 terminal. Alert will also warn you of an error if you accidentally logged into the account under the investment password. EA will also determine the type of account ( real, demo or competitive account, see screenshot) and inform you about it in the information panel. When you change the background of the terminal, automatically changes the colors of the Fibonacci lines, you just need to update the input parameters with the OK button.









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ULTIMATE SALE! Get WallStreet Recovery PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270!) Live Results:   https://www.mql5.com/en/signals/2331815 WallStreet Recovery PRO is a powerful FULLY automated trading system built on the legendary WallStreet Forex Robot core — one of the most popular and time-proven expert advisors in the world. It combines the reliable WallStreet trading logic with an enhanced, intelligent trade management system,
MACD Trend strategy is MACD and strategy of trading skills combine a stable profit based strategy, which is based on the MACD MACD (or admission at the same time, Sicha) according to the market trend to control the position, the risk control in the lowest level, the strategy is applicable to the strong liquidity of currency, precious metals and other major currencies recommended to the following is the basic framework, strategy (with only part of the transaction logic), specific to the program d
GOLD Scalper PRO
Lachezar Krastev
4.46 (24)
ULTIMATE SALE! Get GOLD Scalper PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270! Don't Miss!) Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tra
Big Forex Players MT4
MQL TOOLS SL
4.73 (45)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Indicement MT4
Profalgo Limited
5 (2)
Welcome to Indicement! PROP FIRM READY! -> download set files here LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here VERSION 4.0 LIVE RESULTS OLD VERSION FINAL RESULTS INDICEMENT brings my 15 years of experience in creating professional trading algorithms to the Index markets. The EA uses a very well thought out algorithm to find the best
Boring Pips MT4
Thi Thu Ha Hoang
4.54 (13)
Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
Real monitoring :   XAUUSD M30 SL3 ,          XAUUSD M30 SL5 ,         XAUUSD__BTCUSD__ M30__SL3 For more information, please contact us via private message or in  the mql5 group. THERE   ARE   ONLY  2   OUT   OF   10   COPIES   LEFT   AT   A   PRICE   OF  649   USD ! AFTER   THAT , THE   PRICE   WILL   BE   INCREASED   TO  920   USD . Imagine that you have an experienced trader who monitors the market every day, waits for the price to break through an important level, and instantly opens a de
Aura Neuron MT4
Stanislav Tomilov
4.67 (15)
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