Create simple grid trading EA using RSI Indicator - MT5

Indicators –

RSI 2 Nos.  ( 2 RSI indicators with different Time frames). All the RSI Parameters has to be there as Input parameters.

A Indicator – Fast RSI ( period small).

B Indicator – Slow RSI ( period large above 30)

Buy order.

1.      Fast RSI value Cross the Slow RSI Value and goes Up.

2.      (Fast RSI value - Slow RSI) > Value (input figure).

3.      Set SL – Input

4.      Sr TP - Input

Close Buy order

5.      fast RSI goes downwerd and cross Slow RSI.

6.      (Fast RSI – Slow RSI ) < Value (input figure)

Sell order.

7.      Fast RSI value Cross the Slow RSI Value and goes Down.

8.      (Slow RSI value - Fast RSI) > Value (input figure).

9.      Set SL- Input

10.   Set TP- Input

Close Sell order

11.   fast RSI goes Upwerd and cross Slow RSI.

12.   (Slow RSI – Fast RSI ) < Value (input figure)

Time Management

Opening Hour 1 – Input

Closeing Hour 1 – Input

Opening Hour 2 – Input

Closing Hour 2 – Input

Money Management

1.      Lot size management

2.      Risk by percentage