Expert Grid rsi Pro

General Description

Grid RSI Pro v3.1 is an advanced trading Expert Advisor for MetaTrader 4 that uses a grid strategy with RSI indicator filtering. The EA automatically opens orders at specified levels, creating a grid of orders to capture market fluctuations. Version 3.1 includes enhanced risk management features and improved signal filtering systems.

Key Features

1. Trading Strategies

• RSI Strategy: Position opening when RSI reaches overbought (80) or oversold (20) levels

• Fixed Points: Position opening at specified distance from current price

• Manual Mode: Manual position opening via chart buttons

2. Grid Management

• Lot Multiplier: Increasing volume of each subsequent order in the grid

• Grid Step: Distance between orders in points

• Maximum Step: Limiting maximum distance between orders

• Maximum Lot: Limiting maximum volume

3. Protective Mechanisms

• Trailing Stop: Automatic stop-loss movement

• Breakeven: Moving position to breakeven when reaching specified profit

• Stop-Loss/Take-Profit: Fixed closing levels

• Overlap: Automatic closing of opposite positions when crossing zero level

4. Advanced Risk Management (NEW)

• Maximum Order Count: Limiting number of simultaneous orders

• Loss Limits: Maximum loss in amount and percentage

• Drawdown Control: Daily and total drawdown

• Trading Block: Automatic blocking when limits are violated

• RSI Candle Filter: Combining RSI with candle patterns

5. Notifications

• Push Notifications: Sending to mobile devices

• Email Alerts: Sending to email

• Screen Alerts: Pop-up windows in terminal

Advantages

• Automation: Full automation of trading process

• Flexibility: Customization for different trading styles

• Safety: Multi-level risk management system

• Control: Detailed information panel and monitoring

• Notifications: Timely alerts about important events

Usage Recommendations

1. Start with demo account for testing

2. Set conservative risk management settings

3. Regularly analyze performance statistics

4. Use candle filter to reduce false signals

5. Configure notifications for timely response

System Requirements

• Platform: MetaTrader 4

• Minimum Deposit: $100 (recommended)

• Timeframes: M1 to H4 (optimal for RSI strategy)

• Symbols: Any forex pairs with good liquidity

Important Notes

⚠️ Warning: Trading involves significant risk of loss. This EA should be used carefully and only with risk capital.

📊 Backtesting: Always perform extensive backtesting before live trading.

🔧 Customization: Adjust parameters according to your trading style and risk tolerance.

📈 Monitoring: Regularly monitor the EA's performance and adjust settings as needed.