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The RSI BOT

This EA trades using the RSI Indicator. It offers many trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.

The EA operates as per the RSI Indicator:

  • Buy when RSI cross below 30.
  • Sell when RSI cross above 70.

The RSI Bot Setting:

  1. Indicator Settings: Choose your preferred RSI input parameters, along with the entry and exit levels.
  2. Position Management: These settings impact trading decisions and trade management. 
  3. You can specify the trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pips, and take-profit in pips.
  4. Session Settings: Decide whether to enable or disable trading during the Asian, European, or American sessions, as well as on specific weekdays.

Money Management: Within this settings block, you can set the lotsize for the first trade or let the EA calculate it automatically.

There's also an option for martingale behavior. It's recommended to enter a manual lot size. Additionally, you can enable NFA/FIFO compliant trading.


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Niklas Templin 2023.12.26 19:26 
 

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