RSI Based Trading

MQL4 Esperti

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Great programmer. My reference in the future for any programming ideas. Keep it up :)

Specifiche

Dear programmer,


I need an EA that uses RSI to make trades.


Criterion is as RSI crosses the overbought/oversold area the bid price of the open candle should be the value to be traded upon.


How trades are supposed to happen


Example in an oversold RSI,


As RSI crosses back up the oversold line as seen in the screenshot, a pending trade shoud be placed.

the EA should have 2 UserInputs:


- UserInput1, "Pips to Trade"

- UserInput2, "Pips to Cancel"


thee bid price as it crossed is 1.78000

- Pips to Trade = 1000

- Pips to Cancel = 500


a pending trade should be placed at 1.77000, if the market goes up to 1.78500 before touching the 1.77000 then the pending order should be canceled

otherwise, the pending trade is triggered.


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