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Cap RSI Trader EA MT5

4.34

MeetAlgo RSI Trade EA MT5 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [Installation Guide | Update Guide Submit Your Problem | All Products ]


Functions

  • Easy to use and customizable RSI setting.
  • Customizable indicator settings
  • Built-in money management
  • Grid trading when trade in Loss
  • Customizable break-even, SL, TP and trailing-stop
  • Filter trading by multiple forex sessions
  • Built-in news filter. EA automatic download news data from news website.   
  • Grid trading when trade in Profit (In Pro Version)
  • Initial trade stop filter- you can set a daily time zone so EA will close all trades in that time.  (In Pro Version)
  • Trade close filter by Daily time  (In Pro Version)
  • Implements a martingale features  (In Pro Version)
  • Partial Closing (In Pro Version)
    Know more details about PRO version


Entry Strategies
  • Cross at OS/OB : Trade when the RSI Indicator is oversold or overbought level.
  • Cross at OS/OB Line : Trade when the RSI value cross  oversold or overbought line.
  • Cross COMEBACK at OS/OB Line : Trade when the RSI value cross reverse oversold or overbought line.


    Input Parameters

    For a complete description of the input parameters of the EA, kindly read the   user guide.


    Do You Want This EA With More Advanced Strategy?

    Our Strategy Builder EA are ALL-IN_ONE EA that has all function as PRO version with others 34+ build in indicator so you can make 1 million combination strategy that boost you trading strategy with an incredible amount of functionality. So you can test your strategy easy way without knowledge of coding. MT4 Version here | MT5 Version here.


    Support

    I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


    Custom Modification / For White-label

    If you want personal custom development or white-label of this product. For Details to with us.


    Official Channel

    To get product news, setting files, and free indicators, please subscribe to our Official Channel.


    Author

    Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC

    Comentarios 20
    Pak Kan Cheung
    127
    Pak Kan Cheung 2024.01.19 15:35 
     

    That can be the best EA if u take some time on optimization

    Mohamad Sangsefidi
    36
    Mohamad Sangsefidi 2023.12.25 11:30 
     

    WONDERFUL I SET ON GOLD WAS AMAZING

    Abdelsalam Gebrel Abdelsalam Ahmed
    219
     

    Very good EA , I used it for one and have month in real account , result is wonderful, but there's one thing in account need a lot of money . if in one need use it and his account is only 100 $ he must use Micro account. thank you

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    Filtro:
    RolandBotes
    14
    RolandBotes 2024.04.19 18:26 
     

    The EA works as described. It automatically takes buys and sells if the RSI is at certain levels.

    Dennis JustA
    68
    Dennis JustA 2024.04.05 14:07 
     

    1: The tuning parameters of this expert Advisor are full of constants. It's impossible to transfer EA to another symbol without a thorough backtest. The EA may stop working if the market behavior changes. Hardcoding is a bygone style of developing. 2: The USER GUIDE contains 90% advertising of paid PRO version. There is no description of the advisor's functionality and features. 3: There are no backtest results. 4: Broken link to description of the general parameters (non-existent blog post = https://www.mql5.com/en/blogs/post/730083) 5: Since some time the values of SL, TP, Grid Distance became the ATR multipliers. The lot size is a percentage of the account's free margin. 6: There is no version history describing the changes. 7: The number of downloads and activations is hidden 8: No user support. SUMMARY: Don't waste your time on this EA. Even if it is free you'll pay a lot of lifetime to make it trading. Find anything else more relevant. SY,

    Pak Kan Cheung
    127
    Pak Kan Cheung 2024.01.19 15:35 
     

    That can be the best EA if u take some time on optimization

    Mohamad Sangsefidi
    36
    Mohamad Sangsefidi 2023.12.25 11:30 
     

    WONDERFUL I SET ON GOLD WAS AMAZING

    Juanjo Camejo
    18
    Juanjo Camejo 2023.12.11 16:34 
     

    para mi trabaja muy bien despues de hacerle algo en la configuraciones

    Abdelsalam Gebrel Abdelsalam Ahmed
    219
     

    Very good EA , I used it for one and have month in real account , result is wonderful, but there's one thing in account need a lot of money . if in one need use it and his account is only 100 $ he must use Micro account. thank you

    75030132
    14
    75030132 2023.06.26 17:10 
     

    don't know if its my settings, but on the 1st 2 days the bot made good profits, rest of the week it cost me 200 dollars in losses so i have mixed feelings

    Chalermpol Sooksilp
    463
    Chalermpol Sooksilp 2023.03.17 14:48 
     

    Good

    LEAHI
    29
    LEAHI 2022.12.22 23:14 
     

    I like it alot!

    Lalit Kumar
    207
    Lalit Kumar 2022.12.15 12:06 
     

    Thank you so much Ali. Can you please help me with BR and TR settings ?

    Cristian Mihail Pauna
    12973
    Cristian Mihail Pauna 2022.09.27 07:18 
     

    Negative feedback!

    KATTY2010
    196
    KATTY2010 2022.07.10 23:10 
     

    buena

    José Antônio Junior
    19
    José Antônio Junior 2022.06.23 04:25 
     

    Poderia ter uma configuração que impedisse a compra em um nível de preço acima de uma ordem de venda aberta.

    artadamo
    50
    artadamo 2022.06.22 08:56 
     

    I'm starting to test this robot. Can someone tell me what parameters should I use ??

    Sebastian Kaestner
    446
    Sebastian Kaestner 2022.05.13 17:59 
     

    If you know how to use the RSI carefully and how the market works, it is a wonderful EA. It took me a while to find the right settings for me. But now it's perfect!

    hthieuXM
    14
    hthieuXM 2022.05.11 04:53 
     

    i 've tested, but in my mt5 program, the EA didn't do anything for a long time (intraday)

    Martin Strachota
    353
    Martin Strachota 2022.04.22 10:20 
     

    after 2 hrs of settings optimization it works very well on MT5 . Best in XAUUSD M5, followed by GBPUSD M3, EURUSD M1, USDJPY M1. i have the free version, i love it. i would pay for the pro version, but i have not figured out what is better on the paid Pro version. can you pls let me know what is better on the pro version?

    Fabian S.
    24
    Fabian S. 2022.04.08 10:21 
     

    Super. Thanks a lot

    JavierMz
    227
    JavierMz 2022.03.23 19:03 
     

    Last version was a downgrade instead of an upgrade. It removed the settings #2 and #3, leaving only one RSI setting Could you pls restore the others two settings like the previous version?

    Roozy Berthole
    33
    Roozy Berthole 2022.03.14 15:53 
     

    so far so good my second day with it, today is monday, friday ill let you know if you can customize one for me.

    12
    Respuesta al comentario
    Versión 4.1 2024.04.01
    ADDED: NEW INPUT
    ----> Don't Open in Same Initial Candle - If true, Grid trade will not open if initial trade already opened in the same candle. (This input also adds both loss and profit grid side)
    ----> Don't Open in Same Candle (Trade Closed) - If true, Initial trade will be not open if the last trade closed in the same candle.
    Versión 4.0 2024.02.20
    FIXED BUGS: News Filter can't work with grid trade when you select News Filter Use For = All Trade.
    Versión 3.9 2023.10.10
    ADDED: NEW FEATURE: You can stop open grid trade on trade time in this version. News filters also work with grid trade. The previous version of trading time and news filter only worked with initial trade only.
    Versión 3.8 2023.04.02
    FIXED BUGS: The news filter not working, we fixed this issue. Please Add a new link to Terminal Options. The new link will be shown by EA
    Versión 3.7 2023.03.04
    ---> Internal coding update, no new function add.
    Versión 3.6 2023.02.12
    NEW FEATURE – We rearrange the full input section. Some input name changes in this version. All functions are the same just rearrange the input section.

    KEEP IN MIND - Your old setting file may not be compatible with the new version. To create a new setting file for this version manually.
    Versión 3.5 2022.11.08
    ADDED: NEW FEATURE
    ->>Add new strategy
    –>>Rearrange some input sections, and we change some input names.
    –>>Add Martingale (In Pro Version)
    –>>Add Partial Closing (In Pro Version)

    KEEP IN MIND - In this version, we change some input's names, So your existing set file may not work. please create the new set file.
    Versión 3.1 2022.03.07
    UPDATED: Change our branding name 'CAP' to 'MeetAlgo'
    FIXED BUGS: Max Daily Trade (Per Pair) can't work properly
    FIXED BUGS: News filters
    Versión 3.0 2021.11.07
    --> Minor Update
    --> Improved coding
    Versión 2.40 2021.06.02
    Product Update Info
    FIXED BUGS: EA sometime remove from chart for "Zero divided" error.
    Versión 2.30 2021.02.27
    Product Update Info
    Minor Update
    REMOVED: INPUT – Total Equity Profit remove from this version. It created bugs on EA.
    Versión 2.20 2020.07.22
    FIXED BUGS: Break event and Trailing problem.
    Versión 2.10 2020.07.04
    -->Improved Coding
    -->Some News Functions Add
    Versión 2.0 2020.01.05
    -->Multiple RSI add into Inputs so you can now make strategy from multiple RSI.
    Versión 1.10 2019.10.26
    -->Bugs Fixed
    --->When Reverse Signal=true then OpenTradeAfterReset was not work properly we fixed in this version.