Multi Indicator Reversal EA

1

Multi-Indicator Reversal EA v2.04


Overview


An MT4 automated trading system that combines three technical indicators—RSI, Bollinger Bands, and ADX—for a counter-trend strategy. It runs on any timeframe and supports both traditional single-position trading and hedged trading.

Specifications

Platform: MT4

Recommended Pairs: Major FX pairs (e.g., EUR/USD, GBP/USD, USD/JPY)

Timeframes: All timeframes supported (M1–MN1)

Strategy Type: Counter-trend

Position Management: Selectable Single Position / Hedge Mode


Trading Logic

Entry Rules (Buy Signal)

RSI falls below the configured oversold level (default: 30).

The previous candle’s close is below the lower Bollinger Band.

Current price is above the previous close (sign of reversal).

RSI is rising from the previous candle.

If the ADX filter is enabled, ADX is at or above the set threshold.

If reversal-pattern detection is enabled, confirm a pattern such as Hammer or Bullish Engulfing.


Entry Rules (Sell Signal)

RSI rises above the configured overbought level (default: 70).

The previous candle’s close is above the upper Bollinger Band.

Current price is below the previous close (sign of reversal).

RSI is falling from the previous candle.

If the ADX filter is enabled, ADX is at or above the set threshold.

If reversal-pattern detection is enabled, confirm a pattern such as Shooting Star or Bearish Engulfing.


Additional Filters

Volatility Filter: Checks market activity based on ATR.

Spread Filter: Pauses trading when spread exceeds the set value.

Volume Filter: Optional confirmation vs. average volume.

Time Filter: Trades only during specified sessions/hours.

Risk Management

Basic Settings


Fixed lot size or dynamic sizing based on account balance (risk percentage).

Take Profit (default: 30 pips) and Stop Loss (default: 30 pips).

Maximum holding time (default: 8 hours).

Advanced Features


Trailing Stop: Automatically trails the stop once unrealized profit exceeds the set pips.

Partial Close: Take partial profits at predefined levels while letting the remainder run.

Hedge Mode: Automatically opens an opposite position when unrealized loss reaches a defined threshold.

Parameters


All key parameters are optimization-ready and can be tuned for each symbol and trading environment. Defaults are conservative for stable operation.

Important Notes


As a counter-trend system, consecutive losses may occur in strong trending markets.

Hedge Mode requires a trading account that supports hedging.

Past performance does not guarantee future results.

Thorough validation and demo testing are strongly recommended.

Technical Features

Multi-timeframe analysis support

Real-time statistics panel

Optional detailed debug logging

Built-in error handling


Version Information

v2.04 Implemented the concept of a position lifespan.

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This EA employs a systematic, multi-indicator approach. However, outcomes may differ from expectations due to changes in market conditions.
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5 (1)
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Michela Russo
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5 (3)
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Profalgo Limited
4.59 (32)
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Marco Solito
Last copy at 499$ -> next price 599$ Dark Nova is a fully automatic Expert Advisor for Scalping Trading on AUDCAD, AUDNZD and NZDCAD . This Expert Advisor is based on a sophisticated multi-indicator algorithm combining Bollinger Bands , Moving Averages , ADX , RSI and Extreme Points detection. It is highly customizable to suit your trading needs. If you Buy this Expert Advisor you can write a feedback at market and get a second EA for Free , for More info contact me The basic strategy of this EA
ADVANCED MULTI SCALPING EA - è un sistema di trading multi-coppia completamente automatico - molto sicuro con crescita costante. Questo redditizio scalping EA è davvero uno dei sistemi più stabili sul mercato al momento - richiede circa 70-100 operazioni al mese. Scarica i file EA Set_files per test e trading: USDCHF Set_file GBPCHF Set_file GBPCAD Set_file GBPAUD Set_file EURCHF Set_file EURCAD Set_file EURAUD Set_file AUDCAD Set_file Caratteristiche dell'EA: - Impostazioni spread aggiuntive
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4.59 (56)
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MQL TOOLS SL
4.32 (38)
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Marco Solito
4.63 (63)
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KEENBASE SOFTWARE SOLUTIONS
5 (2)
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Altri dall’autore
Here’s the full English translation of your text: TRI Visualizer Enhanced – Thermodynamic Market Analysis Overview The TRI (Thermal Range Indicator) Visualizer Enhanced is a rare market analysis indicator that goes beyond conventional technical analysis, applying principles of thermodynamics from physics. It interprets market price fluctuations as “thermodynamic energy,” enabling the highly accurate detection of subtle market changes that are often overlooked. Innovative Mechanisms 1. Du
Asset Fortress EA
Yoshimi Mon 三 Ura
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Asset Fortress Signal Indicator v1.26 - Professional Trading System Asset Fortress Signal Indicator Professional MT4 Signal System for Beginners & Advanced Traders Core Philosophy: PATIENCE IS PROFIT Asset Fortress is designed around one fundamental principle: successful trading requires patience. This indicator doesn't just provide signals – it teaches you to wait for the RIGHT signals. Every feature is built to help you develop the discipline that separates profitable traders from the rest
The Zen Flow EA
Yoshimi Mon 三 Ura
The Zen Flow EA — Product Guide 1) Philosophy of the Logic (Conceptual Overview) Attuning to the Present: Without relying on past statistics or worrying about future predictions, The Zen Flow EA observes only the “breath of the present” emitted by the chart. It begins with the understanding that the market is neither memory nor expectation—only a phenomenon that unfolds here and now. Mindless Decision-Making: Free from attachment—whether wishing for price to rise or fall—the EA responds only t
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Yoshimi Mon 三 Ura
TRI Visualizer MT5 – Thermodynamic Market Analysis Overview The TRI (Thermal Range Indicator) Visualizer Enhanced is a rare market analysis indicator that goes beyond conventional technical analysis, applying principles of thermodynamics from physics. It interprets market price fluctuations as “thermodynamic energy,” enabling the highly accurate detection of subtle market changes that are often overlooked. Innovative Mechanisms 1. Dual Calculation Engines Classic TRI Mode Formula: |Close
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Eve55 Eve55
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Eve55 Eve55 2025.10.27 12:17 
 

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