RSI crossover MT5
RSI crossover MT5 Expert Advisor is based on Relative Strength Index Technical Indicator and works as follows :
Buy order is placed when the Indicator crosses bellow Level 30 and the exit Buy when the Indicator crosses above Level 70
Sell order is placed when the Indicator crosses bellow Level 70 and the exit Sell when the Indicator crosses above Level 30
The Expert Advisor settings are as follows :
The parameters below can be set according to your trading rules.
- Magic Number : ( set to 436658, is the EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
- TradeSize : 1.0
- Max slippage : 3
- Max Open Trades=1 ( Maximum open trades per currency pair )
- Audibles alerts : true ( set to true )
- Hedging=true ( Hedging mode, set to true )
The Expert Advisor uses RSI with its default values (see Screenshots).