RSI Breakout EA
- Experts
- Versione: 1.0
- Attivazioni: 20
Strategy Description
This Expert Advisor implements a fully automated breakout and reversal trading system based on the classical Relative Strength Index (RSI). It is specifically engineered to comply with strict MQL5 Market validation requirements and operates flawlessly across various account environments, including Netting and Hedging models.
Core Logic:
Long Entry (Buy): Triggered when the RSI crosses above the oversold level (default: 30) from below, signaling a bullish momentum recovery.
Short Entry (Sell): Triggered when the RSI crosses below the overbought level (default: 70) from above, signaling a bearish reversal.
Advanced Risk Management:
Virtual SL/TP Architecture: Stop Loss and Take Profit levels are retained purely on the client side. By executing raw market orders without sending restriction parameters to the broker, the purpose is to protect against potential manipulation.
Dynamic point steps automatically adapt to contract specifications, providing safe structural execution across both Forex pairs and high-volatility commodities like Gold (XAUUSD).
