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BTS RSI High Low

This EA adopts the RSI indicator to monitor price movements and trades accordingly. It can be used for any currency pair and for any timeframe.


Strategy 1

  • Long Entry Rule: When RSI has crossed low_level downwards, reached lower_level, and then crossed back up through low_level.
  • Short Entry Rule: When RSI has crossed high_level upwards, reached higher_level, and then crossed back down through high_level.
  • Exit Rules: Close a trade when RSI reaches the opposite side (high_level for long order, low_level for short order).


Strategy 2

Set low_level=lower_level and high_level=higher_level.

  • Long Entry Rule: When RSI has crossed low_level downwards, formed a bottom, and then crossed back up through low_level.
  • Short Entry Rule: When RSI has crossed high_level upwards, formed a peak, and then crossed back down through high_level.
  • Exit Rules: Close a trade when RSI reaches the opposite side (high_level for long order, low_level for short order).

Default settings use RSI(14) on closing prices, higher_level=70, high_level=70, low_level=30, lower_level=30. These settings are not recommended for all pairs and timeframes. The trader might need to optimize the inputs for desired profitability.

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Version 1.20 - 2014.12.04
Fixed bugs with take profit and stop loss options.
Version 1.10 - 2014.11.25
Take Profit and Stop Loss fields are added. They accept points (not pips). Also with the new version you can select to exit with signal or not.