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RSIBand Pro EA MT4

5

RSIBand Pro EA is a hybrid strategy that has been tested and optimized using 99.9% tick data from 2012 to 2023. Its main signal is based on Bollinger Bands, with RSI as a confirming signal to identify trends.


Supported currency pairs: AUDCAD

Recommended timeframe: M15


MT5 Version: Click Here


Backtest

  • Model: Every tick (the most precise method based on all available least timeframes)
  • Modelling quality: 99.90% (the most precise data of MT4)
  • Spread: Variable
  • Time Period: 2012 – 2023.10
  • Symbol: AUDCAD
  • Timeframe: M15
  • Dynamic lot: Dynamically sets the lot size based on the current balance.

* Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers


Setting

  • Risk Management: Customize the level of risk according to your trading preferences.
  • Take Profit for Initial Trade: Set the take profit level in pips for the initial trade.
  • Take Profit for Pips as Position: Specify the average profit in pips that you want to achieve when opening multiple orders (2-3 orders).
  • Bollinger Bands Period: Determine the period of the Bollinger Bands used to calculate the upper and lower levels.
  • RSI Period: Set the period for RSI indicator used to generate secondary signals for confirming trend reversals.
  • Trade Distance: Define the minimum distance in pips between trades.
  • 3rd - 5th Trade Multiplier: Set the multiplier for the lot size of the third to fifth trades.
  • 6th Trade Multiplier: Determine the multiplier for the lot size of the sixth trade and subsequent trades.
  • Trade Count for Closing: Determine the maximum number of orders you are willing to have at risk, and if this limit is reached, the EA will close the orders at breakeven.
  • Percent Profit for closing: Set the average profit percentage at which you want to close the orders at breakeven.
  • Maximum Slippage in pips: Specify the maximum allowed slippage in pips for the next open trades.
  • Stop Loss: Specify the percentage of your account balance that you are willing to risk as a stop loss.

  

Recommend

  • Currency Pairs: AUDCAD
  • Timeframe: M15
  • Account Type: Any, with a minimum spread (preferably ECN/Raw)
  • Leverage: 1:100 is recommended
  • Settings: Default
  • Minimal/Recommended Deposit: $1500 or 1500 US Cent


Avis 5
MattyTrading
2281
MattyTrading 2024.02.03 00:55 
 

EXCELENTE EA , probado al 99 % ,FELICITACIONES

Oria297 RD
38
Oria297 RD 2024.01.19 23:59 
 

En Backtest ha dado buenos resultados. Un riesgo inferior al CadenceFX y, por ende, un poco menos de beneficio, pero ideal para empezar. Lo probaré en Demo. Buen trabajo!!!

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MichaellaJans
64
MichaellaJans 2024.05.04 19:08 
 

L'utilisateur n'a laissé aucun commentaire sur la note

agrushev777
2329
agrushev777 2024.02.17 18:07 
 

L'utilisateur n'a laissé aucun commentaire sur la note

MattyTrading
2281
MattyTrading 2024.02.03 00:55 
 

EXCELENTE EA , probado al 99 % ,FELICITACIONES

Oria297 RD
38
Oria297 RD 2024.01.19 23:59 
 

En Backtest ha dado buenos resultados. Un riesgo inferior al CadenceFX y, por ende, un poco menos de beneficio, pero ideal para empezar. Lo probaré en Demo. Buen trabajo!!!

BrightonTH
64
BrightonTH 2023.11.16 10:31 
 

L'utilisateur n'a laissé aucun commentaire sur la note

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Version 1.2 2023.12.15
Added options for risk management
Version 1.1 2023.11.24
Add dropdown list of risk management