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RMI Scalper EA MT4

The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex

Features

  • Fully automated
  • Not sensitive to spread
  • Risk Money Management
  • Works on any account size
  • Always a stop loss in place
  • Hedge accounts only
  • This system has the option to be NFA/FIFO compliant
  • No Grids
  • No Martingale
  • All you need is a VPS


Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of fixed lots per trade if money management is off. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • AllowNewTrades - Turn this of to disable new trades, true/false.
  • AccountProfitLock - If money management is on the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • NFA_FIFOCompliant - Turn this on if you need this to be NFA and FIFO compliant, true/false.
  • MultiPairSingleTrade - Turn this on to trade multiple pairs (Multiple chart windows with this EA attached) but limit to only having trades open on one pair at a time, increases trade frequency without increasing draw down, true/false.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • Trend1TimeFrame - Timeframe drop-down selection for the first trend detection.
  • Trend2TimeFrame - Timeframe drop-down selection for the second trend detection.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TakeProfit - The take profit (Setting to 0 disables). Values from 0 to 200 depending on the pair being traded.
  • StopLoss - The fixed stop loss visible to the broker - Values 25 to 4000 depending on the pair being traded, should be high when averaging is enabled.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingBars - The number of bars from previous trade before AveragingStep gets ignored. Values 1 to 1000.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.
  • AveragingCount - The maximum open trades before the trade group is considered a loss and closed. Values 1 to 20.
  • BreakEven - If turned on a break even is performed, true/false.
  • BreakEvenStartPips - The number of pips before break even is performed. Values 1 to 100.
  • BreakEvenPips - The number of pips infront of position open to place the stop loss. Values 0 to 100.
  • TrailingBars - A trailing stop is performed based on this number of previous bars (Setting to 0 disables). Values 0 to 10.
  • TrailingBarsTimeFrame - Timeframe drop-down selection for trailing stop bars.
  • MinTrailingStopLoss - The minimum stop loss distance when trailing stops are enabled. Values 0 to 100.
  • RMIPeriod - The RMI period. Values 2 to 50.
  • MomPeriod - The momentum period used to calculate RMI. Values 2 to 50.
  • RMIThreshold - The RMI threshold, the smaller the value the less trades will be triggered. Values 5 to 45.


Optimization & Defaults

Default input values are for USDCAD M30. If optimizing, optimization of TakeProfit, AveragingStep, AveragingMultiplier and AveragingCount are needed to find the best results.

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⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐ Midnight is the closing time of the daily candle; it is the time of equilibrium between sellers and buyers. It was at this time that the adviser opens two orders in opposite directions. It is also possible to open the user at a specified time, or trade non-stop in the "enter right now" mode. Real-time results can be viewed  here . Manual for EA at comment  #21 Set files at comment #52 Telegram group 
50 USD
Immortality
Nguyen Hang Hai Ha
BLACK FRIDAY ! SALE OFF 30% FOR 10 BUYERS AT $ 48 ! Only 4 purchases left ! Next price $ 68 Expert Advisor  Immortality  uses unique entry and exit strategies to trade with high probability and low risk. EA is designed to be easy to use, it has 5 settings for 5 currency pairs (EURUSD, AUDUSD, AUDJPY, EURJPY, USDJPY) and the Manual Settings option. Monitoring : https://www.mql5.com/en/signals/798736 If you do not have much experience in EA, use the 5 available settings for 5 currency pairs. " Se
48 USD
Euro Master
Stanislav Tomilov
Price: $599 10 of 10 copies left at this price Next price $699 Live signal  https://www.mql5.com/en/signals/866039 HIGLY RECOMMENDED BROKER FOR EUROMASTER Euro Master is an advanced, fully automated Expert developed to trade with EURUSD. Expert uses unique artificial intelligence technology for market analysis to find the best entry points. EA contains self-adaptive market algorithm with reinforcement learning elements. Reinforcement machine learning differs from supervised learning in a way th
599 USD
Falcon Scalper Pro
Michela Russo
Falcon Scalper Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades in all session.   Backtest Now! Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Bee Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   or email ! The E
295 USD
Friday Monday
Konstantin Kulikov
ONLY 7/20 COPIES AVAILABLE AT 380$ NEXT PRICE -> 497$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
380 USD
Spider Crazy Pro
Michela Russo
Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not use arbitrage or breakout, then we see an high resistance to slippage Spider  Crazy Pro 
295 USD
EA Locker
Vasiliy Strukov
"The power of forex in the lock"  V. Strukov. EA Locker  this is a unique authoring algorithm, which was designed to be as stable as possible with any market movements. The essence of the method is to completely close the positions in the lock. Real-time results can be viewed  here   You can find recommended settings - default settings   EURUSD GBPUSD USDJPY USDCAD USDCHF H1 3000  usd or 3000 cents  For any questions you can write me a message  here Telegram group  here  telegram channel  here
50 USD
EA Almanac
Vasiliy Strukov
The adviser is looking for signs of a reversal during low volatility and the possibility of a rollback, averaging is used. Real-time results can be viewed here . Recommended pairs - eurusd usdchf usdcad audusd nzdusd Recommended Time Frame M15 For any questions you can write me a message here Telegram group here  telegram channel here   SETTINGS Start lots  -start lot. Use Money Manadgement  - on / off use of automatic lot calculation. Autolot. Free margin for each 0.01 lot  - the amount of fre
50 USD
Billion Idea
Dhanaraj
  💎 💎 💎 💎 💎 Welcome To Billion Idea (BI) Expert Advisor (Trading Robot) 💎 💎 💎 💎 💎 HOLIDAYS OFFER PRICE $ 99 (ONLY 9 COPIES LEFT)  Billion Idea (BI)  EA is a Safe Scalper System   for Trading on Forex. Exclusively developed for GBPUSD Pair . BackTest Now !   The EA enters the market with certain unique conditions. The EA is based on Unique Strategies, and NOT Uses MARTINGALE, GRID and other Dangerous Strategies . All Deals are covered with Tight Stop Loss and Optimized Take Profit leve
99 USD
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Versión 1.5 2020.01.06
Added PositionComment option.
Versión 1.4 2018.11.26
Added StartLotBasedOnBalance & StartLotBalance options.
Versión 1.3 2018.08.14
Minor bug fixes.
Versión 1.2 2018.07.06
Fixed bug when restarting MetaTrader.