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RSI Raptor FREE

Overbought/oversold strategy with RSI (Relative Strength Index) indicator. The EA buy when the RSI is oversold and sell when RSI is overbought.

RSI Raptor can works always or few hours per day. With   Trading Time and Trade Closing Time option, you can set the time to trade and if to close or not the orders.
It’s equipped withTake Profit, Stop Loss and Slippage protection and it can works with most pairs and all time frames.  

Best results with  M15 time frame.


FREE VERSION

This version of the EA is light. It is offered as a demo to the full version of RSI Raptor.
The FREE version allows you to test the EA in a Demo or a small Real account.  

Limitations of the FREE version: no Money Manager and 0.01 maximum size lots per trade.


FEATURES

  • Fully optimizable
  • Only technical analysis and RSI indicator
  • Every trade has a Stop Loss and Take Profit level
  • Trading time option
  • Trade closing time option
  • Market orders only
  • Not complicated strategies and settings
  • No martingale, grid or other risky strategy
  • No hedging
  • No trailing stop


RECOMMENDATIONS

  • ECN broker
  • Low spreads
  • Low commisions


NOTE

The default settings in the EA are not the best values. The results shown in the screenshots are just an example obtained with the Optimization in MT4 with Open prices only Model. 

Before using it, test it and enter your own settings that work for you best.


CAUTION

Results may differ from test, demo and real environment due to differences of spreads and brokers.


TRADING TIME

The EA works on time of the broker.

  • Trading Time: time option to open the trade. TRUE means active and the EA only works with  Start Time and End Time. FALSE means inactive and the EA do nothing. It’s always works. TRUE is default.
  • Start Time: server time that the EA starts to work.  Time in 24-hour format
  • End Time: server time that the EA stops to work.  Time in 24-hour format

When this option is TRUE the EA results active. But out of  Start Time and End Time it "sleeps".


TRADE CLOSING TIME

The EA works on time of the broker.

  • Trade Closing Time: time option to close or not the trade. TRUE means active and the EA only works with  Close Time. FALSE means inactive and the EA do nothing. The order will be closed at the Stop Loss or Take Profit level. TRUE is default.
  • Close Time: server time that the EA closes the trade.  Time in 24-hour format


TRADING TIME / TRADE CLOSING TIME EXAMPLES

Time have to be in 24-hour format

London opens at 09:00 AM in my time zone (GMT +1 / DST GMT +2). But my broker's server time is my time zone +1. 
So, if I want to start trading at London’s opening, I've to set   Start Time at 10:00 AM. Same thing for  EndTime and Close Time.
If I want to stop trading at 02:00 PM (New York’s opening in my time zone), I've to set   Stop Time at 03:00 PM.
For closing the trade at 06:00 PM (London's closing in my time zone), I've to set   Close Time at 07:00 PM.


For your time zone see:  https://www.forexmarkethours.com


RSI SETTINGS

  • RSI Period: modify it in order to increase sensitivity (fewer periods) or decrease sensitivity (more periods)
  • RSI Buy: level of RSI for buying
  • RSI Sell: level of RSI for selling


TRADE SETTINGS

  • Stop Loss: loss in pips
  • Take Profit: profit in pips
  • Slippage: size of slippage in pips


philippe germain
1724
philippe germain 2019.11.18 12:10 
 

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