RSI Martingale EA
- Experts
- Version: 1.0
- Activations: 20
RSI Martingale Grid Strategy (Netting Account Optimized)
This EA combines the Relative Strength Index (RSI) with a strictly controlled Martingale grid system designed specifically for Netting accounts.
1. Initial Entry:
The EA monitors the RSI indicator. When the RSI crosses into the oversold zone, a BUY order is triggered. Conversely, when the RSI crosses into the overbought zone, a SELL order is executed.
2. Grid Management & Risk Control:
If the price moves against the initial trade by a predefined "Grid Distance", the EA initiates a Martingale sequence. Instead of using multiplication formulas that can cause volume explosions, it utilizes a pre-defined array to scale up the lot sizes step-by-step. To prevent duplicate orders on a single price tick, the grid is restricted to opening a maximum of one position per candlestick bar.
3. Basket Take Profit:
In compliance with Netting rules, all positions are automatically consolidated into a single running position with a dynamic average entry price. The EA tracks the total net profit of this combined position. Once the overall profit reaches the target take-profit amount (in account currency), the entire position is immediately closed, resetting the grid level back to zero.
