KT Connors RSI Robot MT5

KT Connors RSI Robot trades market turning points by detecting price bar consolidation within overbought/oversold levels. This is done using the Connors RSI oscillator. A highly respected trader and analyst, Larry Connors, developed and tested it.

It's a highly effective tool for short-term trading on mean reverting trading instruments.

Recommendations

  • Symbols: USDCAD and EURCAD
  • Timeframe: 15 Minutes.
  • Account Type: Any
  • Leverage: 1:100
  • Download the SET files in the comments section.

Features

  • Not sensitive to broker conditions, the EA works equally well on all accounts.
  • All trades are protected by stop-loss and take-profit.
  • Dangerous techniques like martingale, grid, averaging, etc., are not used.
  • Minimal and straightforward input parameters for the user.
  • No additional download is required. All the necessary dependencies are embedded in the EA.

How Does KT Connor's RSI Robot Work?

Connor's RSI is based on the classic RSI indicator. It is a momentum oscillator that ranges from 0 to 100. The Connors RSI is more volatile and faster-moving than other technical indicators.

It requires more extreme levels to identify when prices are overbought and oversold. The RSI usually sets 70 and 30 as the overbought and oversold levels. However, with Connor's RSI, it is preferable to use 90 and 10 for even more extreme levels.

The Connors RSI is calculated by combining three components: the traditional RSI, the up-down length, and the moving average.

The up-down length measures the magnitude of price changes. The moving average smoothes out the data. This provides a more accurate picture of the trend.

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Nine Engine EA MT5 LIMITED TIME OFFER AT $199$ Price will go up at  $ 299 on July 31st! LIVE SIGNAL Verified live trading results can be monitored through the public signal below:  https://www.mql5.com/en/signals/2376812 Nine Engine EA MQL5 Community:  https://www.mql5.com/en/messages/03632dbed818dd01 The live signal allows you to observe how the system performs under real market conditions using actual market data and execution. Please note that results may vary depending on broker conditi
Chiroptera
Rob Josephus Maria Janssen
4.62 (45)
Experts
Prop Firm Ready! Chiroptera is a non-martingale, non-grid, multi-currency Expert Advisor that operates in the quiet hours of the night. It uses single-placed trades (of all 28 pairs!) with tactically placed Take Profits and Stop Losses, that are continuously adjusted to maximize gains and minimize losses. It keeps track of past and upcoming news reports to ensure impacts are minimized and carefully measures real-time volatility to prevent impacts due to unpredictable geo-political disturbances c
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KEENBASE SOFTWARE SOLUTIONS
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KEENBASE SOFTWARE SOLUTIONS
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