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Rsi EA MT4

4

RSI EA ΜΤ4 is a unique, fully automated Expert Advisor for trading the well known and extremely efficient Relative Strength Indicator, being able at the same time to control your trading account's profit and/or loss at a basket level, for all your open positions combined. RSI EA MT4 has 4 different strategies for trading the Relative Strength Indicator, open trades on RSI extremes on live bar, open trades on RSI extremes on closed candle and open trades on RSI level crossing. This last strategy is a unique approach of the Relative Strength Indicator, since its a trend following strategy and not a reversal one. This EA comes with a default EURUSD H1 strategy and 12 new set files, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to make any necessary time adjustments to fit your broker/account.

 

Product Installation    |    RSI EA MT4 Settings/Inputs Guide    |    RSI EA MT4 Backtests     |    RSI EA MT4 Set Files    |    Update of a Purchased Product


Features

  • Martingale, Grid, Averaging or other dangerous techniques are not used
  • RSI level live bar (once per candle) trade opening
  • RSI level closed candle trade opening
  • RSI level crossing trade opening
  • Single or multiple orders per trading session
  • Net Asset Risk option, for extra account protection
  • Unique previous daily range Candle Filter
  • SL, TP, BE and Trailing SL levels in Points and in Percentage of the Average Daily Range
  • Hard and Virtual Take Profit and Stop Loss levels
  • Basket TP, SL, BE and Trailing SL in % for all open positions combined
  • Default EURUSD H1 50 RSI crossing strategy
  • 10000 Activations to use and enjoy your product forever
  • 100% automated Expert Advisor
  • MQL5 VPS compatible


    Default Settings

    • RSI EA's ΜΤ4 default settings are a ready to trade strategy for EURUSD on H1 timeframe, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to make any necessary time adjustments to fit your broker/account. 12 new set files for other symbols are also available below.


    I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.


    #tags rsi ea expert advisor relative strength index ea expert bot relative strength index profitable rsi crossing strategy


    Reviews 4
    Morgana Brol Mendonca
    270
    Morgana Brol Mendonca 2022.01.12 00:52 
     

    The best RSI EA available on the market! The service is excellent! Thanks. I will definitely buy the version for MT5.

    23671205
    96
    23671205 2021.07.26 20:40 
     

    The seller was very responsive when I didn't get the settings right. I highly recommend this EA!

    sudiang
    222
    sudiang 2021.07.16 15:02 
     

    Love your ea. Simple and proper risk.

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    Filter:
    Morgana Brol Mendonca
    270
    Morgana Brol Mendonca 2022.01.12 00:52 
     

    The best RSI EA available on the market! The service is excellent! Thanks. I will definitely buy the version for MT5.

    Juvenille Emperor Limited
    31629
    Reply from developer Eleni Anna Branou 2022.01.12 01:06
    Thank you very much Morgana for your feedback and your excellent review! I will continue improving RSI EA MT4/5 making it even better.
    Sander Lindhout
    35
    Sander Lindhout 2022.01.09 19:35 
     

    Pretty useless. I backtested the EA myself and looks like results are only impressive over the periode (jan-dec) 2021. When I backtest (jan-dec) 2020 the results are worthless. I regret my purchase.

    Juvenille Emperor Limited
    31629
    Reply from developer Eleni Anna Branou 2022.01.09 19:49
    Hello Sander, I have to say that I usually optimize my EAs at the end of each year, based on last year's trading performance. It is most probable 2022 to be closer to 2021's trading behavior than some earlier year's. It is a bit harsh to review an EA without having traded with it live at all. The fact the it doesn't perform well in some past years backtests, doesn't mean that it will not trade well live in the future, does it?
    23671205
    96
    23671205 2021.07.26 20:40 
     

    The seller was very responsive when I didn't get the settings right. I highly recommend this EA!

    Juvenille Emperor Limited
    31629
    Reply from developer Eleni Anna Branou 2021.08.05 00:30
    Thank you very much for your understanding, our co-operation and your excellent review! I am always here to help in any way I can.
    sudiang
    222
    sudiang 2021.07.16 15:02 
     

    Love your ea. Simple and proper risk.

    Juvenille Emperor Limited
    31629
    Reply from developer Eleni Anna Branou 2021.07.16 15:04
    Thank you very much for your encouraging review!
    Reply to review
    Version 2.0 2022.06.02
    Fix of an issue.
    Version 1.90 2022.04.30
    A new important update comes to the RSI EA MT4 that will improve significantly the responsiveness of the EA to the changes and volatility of the market.

    The addition of Stop Loss, Take Profit, Break Even and Trailing Stop Loss levels in Percentage of Average Daily Range of a set number of Average Daily Range Candles.

    Please update your RSI EA MT4 and load the new updated set files, that include the new SL/TP/BE ans trailing SL levels in Percentage of Average Daily Range.
    Version 1.80 2022.02.28
    RSI EA MT4 has been updated with a new default EURUSD H1 strategy. Also 12 new set files have been created in various symbols for you to use and experiment with.
    Version 1.70 2022.01.12
    RSI EA MT4 has been updated with the addition of a variation of the RSI Crossing strategy. It is called RSI Crossing Multi and works as follows:

    RSI Crossing Multi means that the EA will open a buy trade on a crossing of the RSI Buy Crossing Level, going upwards and will keep opening a new buy trade on each new candle if the RSI is above the RSI Buy Crossing Level. The EA will open a sell trade on a crossing of the RSI Sell Crossing Level going downwards and will keep opening a new sell trade on each new candle if the RSI is below the RSI Sell Crossing Level.

    Also a RSI Crossing Multi Minimum Distance settings has been added to set the minimum distance in points between same direction trades of the RSI Crossing Multi strategy.

    Please read more details about this new strategy and how it works in the RSI EA MT4 Settings/Inputs Guide: https://www.mql5.com/en/blogs/post/745828
    Version 1.60 2021.12.30
    RSI EA MT4 has been updated with a new default EURUSD H1 strategy. Also 12 new set files have been created in various symbols for you to use and experiment with.
    Version 1.50 2021.12.07
    The RSI EA MT4 have been updated with the following additions:

    1. An EA Comment setting has been added.

    2. The Trading Hours have been changed to an optimizable format.

    3. Saturday and Sunday have been added to the trading days, in order the RSI EA MT4 to be used with cryptocurrencies too.
    Version 1.40 2021.06.06
    Addition of the One Trade at a Time: true/false option for opening or not multiple trades on the same or different direction.
    Version 1.30 2021.06.03
    An option has been added to adjust the Sell/Buy RSI level of the RSI crossing strategy.
    Version 1.20 2021.05.29
    Introduction of the closed candle and the 50 RSI crossing strategies. Addition of Long/Short and Monday-Friday true/false settings.
    Version 1.10 2020.01.19
    Correction in live bar trade opening.