RS Volatility Expert Advisor
- Experts
- Tino Viehweg
- Version: 1.2
- Updated: 7 February 2024
- Activations: 5
RS Volatility Expert Advisor (RSV EA) MT4
The RSV EA is an EA which generates orders based on signals of RS Volatility MTF Indicator.
The RSV EA trades first order and builds a grid as soon as Filter condition are fulfilled.
The RSV EA plots profits of individual trades or sequences directly on chart.
Ask me for Settings, User Manual, Installation, Requirements, and everything else you need for trading.
There is a channel with weekly trading recommendations for the Blue Rider EA MT4 and a support group on Telegram for all interested traders. Please send me a PM.
General requirements for trading with RS Volatility EA
Minimum account size: 3000 e.g. USD for trading 3-5 pairs with the lowest starting lot of 0.01
Leverage 1:500
Not suitable for netting account and ESMA leverage restrictions.
Raw spread accounts and low latency VPS are recommended.
RSV EA works on accounts of various brokers.
We recommend for getting the best results, as the RSV EA has been optimized with the ECN data feed of the broker .
Parameters
Enable Buy - allows buy trades
Enable Sell - allows sell trades
Magic Number - identifier
Comment - add identifier
Entry Settings
Lot Base - first lot which the EA starts
Minimum Grid Distance - min distance of grid between entries
Lot Multi - Multi of the individual lots of entries
Lot Sum - Summand of the individual lots of the respective entries
Use Strict Entry – uses crossing with yellow entry line as only option for opening
Tradecounter For Entry false - defines number of trade openings after price has crossed yellow entry line
Enable Signal Subsequent Trades - opens new trades in the sequence taking into account the grid and the signal
RS Volatility Settings
Timeframe - TF of chart
Upper Band Price - various price-types for calc of UBP
Lower Band Price - various price-types for calc of LBP
Breakout Mode - various breakout types from DPR
MA Period – number of periods for calc of MA
MA Method – various types of MA
ATR Period - numbers of periods for calc of ATR
Volatility Multiplier – multipl. factors for calc of volatility
ZigZag Filter Settings
Reverse Mode - with this setting the filter above the brown line can be activated as a buy or sell entry filter, below the blue line the filter can also be activated as a buy or sell entry filter - with the setting true the RSV EA opens only sell trades above the brown line and only buy trades below the blue line
Enable Filter First Trade – activates the filter only for the first trade
Enable Filter Sequence – activates the filter for each trade in the sequence
TimeFrame – TF of ZigZag Filter
BreaktoutMode - Setting for displaying the breakout option
Reversal Value according to Retrace Mode – Reversal value of the Retrace Modus
Retrace Mode – Mode that records the distance to which prices have collapsed again after reaching a new high
ATR Period (RetraceMethod=3) – Average True Range Periode
Exit Settings
Minimal Profit Target - min def TP
Increase Profit - Factor, which added to Minimum Profit Target depending on number of opened lots when closing sequence
Target ATR Multi (0-Disable) – Target tracking based on the Average True Range
Emergency Management
Max Lot – highest lot opened in sequence
Close in Equity Loss – SL in Money
Close in Profit after x-Trades - closes lots of sequence after ... number of opened trades with BE
Pips in Profit from Average Price - closes sequence with an add profit
Filter Settings
Enable Time Filter - allows trades in time of day
Start Hour - def start time
Stop Hour - def stop time
Max Spread - def max spread value at which trade entries allowed
Max Slippage - def max slack value at which trade exits allowed
Visual Settings
Show Panel - Informative panel shown
Buy Arrow Color – Color for a buy entry signal
Sell Arrow Color - Color for a sell entry signal
Exit Arrow Color – Color for a exit signal
Exit Line Color (Single/ Last Trade) – defines color of dashed connecting line between entry and exit of single trade or last trade in a sequence
Exit Line Color (Buy Trade/s) – defines color of dashed connecting line between entry and exit of Buytrades in a sequence, but not last Buytrade of this sequence
Exit Line Color (Sell Trade/s) – defines color of dashed connecting line between entry and exit of sell trades in a sequence, but not last sell trade of this sequence
Enable Profit On Screen – Profit in money of respective finished trade/s shown in the chart
Profit Color - defines color of profit