- Antonis Michos
- Version: 1.3
- Updated: 11 March 2023
- Activations: 15
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RSI Fire ,as its name,uses as main indicator the RSI.More specifically,scans different periods of RSI in 3 different Timeframes.After that specific filters clean the field for as better entry as it can.
There is also a protection system after the second position which searches IF THERE is a strong trend,so it avoids opening new ones till the trend becomes weak(if there is such).
Two super Overlap systems guards the balance to prevent DD.
Several TP systems also help the EA for as fast transactions as it can.
- 1M and 5M or HIGHER (the Signal runs in 1M).
- 1500$ balance or more.In Forex,the more is better.
- The default set,trades GOLD (XAUUSD)(you can ALWAYS increase the distances for more safety)
- Set for forex here.You can optimize it as you want.Just delete the zero (0) from inputs that refer to pips (Distance).
- Different magic number for different charts.
- LOW SPREAD Brokers.
- Starting Lot:The lot size for 1st position.
- Second Lot Pos:The lot for second position.
- Multiplier:The multiplier after the second position.
- Max Lot:The max lot a position can have.
- Min Distance in pips between trades:The min distance between positions. ( in forex pairs must be without the 0)
- Stop Loss in pips:The stop loss in pips for each position.
- Max Sells:The max sells.
- Max Buys:The max buys.
- Money in Profit for more than 1 position:The minimum profit in money for more than 1 position.
- Min Money in Profit for 1 pos:The min profit in money for 1st position. NOTE:There is a hidden TP for possible change of direction,that may close the position with lower profit.
- Overlap system after X trades:the overlap will be enabled after X trades.
- Close ALL if loss is greater than minus X:The positions will close if loss is MINUS X in money.
- EMERGENCY TP in pips:This is a minimum TP in Pips that will ne enabled based on specific conditions in order to avoid possible change in trend.( in forex pairs must be without the 0)
Another excellent EA from the Author.