Expert Advisor based on RSI, kijun-sen and Schaff Trend Cycle

Expert Advisor based on RSI, kijun-sen(from ichimoku cloud), and schaff trend cycle.

Requirements for BUY order:

1. RSI has gone below specified oversold area.

2. Schaff trend cycle changes from sell signal to buy signal

3. Price is above the kijun-sen.

When these 3 requirements are met in that order, a BUY order is placed

Requirements for SELL order:

1. RSI has gone above specified overbought area.

2. Schaff trend cycle changes from buy signal to sell signal

3. Price is below the kijun-sen.

When these 3 requirements are met in that order, a SELL order is placed

Exit out of BUY position:

Option 1: RSI reaches the overbought area, close position.

Option 2: Schaff trend cycle changes from buy to sell.

Option 3: Take profit target is reached.

Exit out of SELL position:

Option 1: RSI reaches the oversold area, close position.

Option 2: Schaff trend cycle changes from sell to buy.

Option 3: Take profit target is reached.

Option to Adjust:

RSI period

RSI overbought and oversold

Schaff trend cycle timeframe

Lot size

Stop loss(pips away from opening candle high/low)

Take profit(pips away from opening candle high/low)

Note:

The EA should work on all timeframes.

The EA would be running on multiple symbols simultaneously.