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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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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 to
Daytrade Pro Algo
Profalgo Limited
5 (6)
Experts
Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independ
Position Trader EA
LEE SAMSON
4.67 (6)
Experts
Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and other products. The EA will automatically scale
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Niklas Templin
6101
Niklas Templin 2023.12.26 19:26 
 

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