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The RSI BOT

This EA trades using the RSI Indicator. It offers many trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.

The EA operates as per the RSI Indicator:

  • Buy when RSI cross below 30.
  • Sell when RSI cross above 70.

The RSI Bot Setting:

  1. Indicator Settings: Choose your preferred RSI input parameters, along with the entry and exit levels.
  2. Position Management: These settings impact trading decisions and trade management. 
  3. You can specify the trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pips, and take-profit in pips.
  4. Session Settings: Decide whether to enable or disable trading during the Asian, European, or American sessions, as well as on specific weekdays.

Money Management: Within this settings block, you can set the lotsize for the first trade or let the EA calculate it automatically.

There's also an option for martingale behavior. It's recommended to enter a manual lot size. Additionally, you can enable NFA/FIFO compliant trading.


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Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
Candle EA MT4
Mansour Babasafary
4.58 (38)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
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Niklas Templin
5997
Niklas Templin 2023.12.26 19:26 
 

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