RSI Trend Finder Equity Lots Hedge MT5
https://youtu.be/ESyXnmwdT9U <---- CHECK OUT HOW IT TRADES VISUALLY HERE
Currency - Eur/Usd(Can work on others but might need tuning)
Candle Time - 5m for best results(works on multiple timeframes)
Recomended Broker - IG(works on most)
Leverage - 1:200
Fully Automated EA for Longs and Shorts You can adjust to whichever RSI period and value you want.
-RSI PERIODS & VALUES WHEN THEY CROSS ARE ALL ADJUSTABLE IN THE INPUTS & THE TAKE PROFIT AND STOPLOSS OF HEDGING LONG AND SHORT TRADES.
Default settings are to...
*When a LONGS trade is put on it puts in a Short at the same time. If the Short goes above 20 pips it will hit Stop-loss. If the Short goes below 20 pips it will hit Take-Profit.
LONGS - are to buy when RSI crosses below 15. If RSI for longs crosses above 70 it will mark Longs (RSI Close).
*When a SHORTS trade is put on it puts in a Long at the same time. If the Long goes below 20 pips it will hit Stop-loss. If the Long goes above 20 pips it will hit Take-Profit.
*THE VOLUME LOT SIZE IS IN PERCENT OF EQUITY - By default it is set for longs at 1% and shorts at 5% CHANGE 100% on the two 1% inputs AND change to 500% on the two 5% inputs.
*Has a input slot for selected currency. If you try on any other currency pair then EURUSD then you will need to change that input tab to say what ever currency pair you are trading or backtesting!
-USE AS A EXPERT ADVISOR
-BACKTESTING MATCHES LIVE DEMO
Broker: MetaQuotes Software Corp. Currency: EUR/USD Initial Deposit: 10 000.00 Leverage: 1:200 Results History Quality: 99% real ticks Bars: 177442 Ticks: 65278288 Symbols: 1 Total Net Profit: 5 950.65 Balance Drawdown Absolute: 1 043.11 Equity Drawdown Absolute: 1 089.28 Gross Profit: 41 376.10 Balance Drawdown Maximal: 1 121.76 (10.21%) Equity Drawdown Maximal: 1 167.13 (10.62%) Gross Loss: -35 425.45 Balance Drawdown Relative: 10.44% (1 044.21) Equity Drawdown Relative: 11.29% (1 133.70) Profit Factor: 1.17 Expected Payoff: 4.65 Margin Level: 1754.44% Recovery Factor: 5.10 Sharpe Ratio: 0.05 Z-Score: 5.68 (99.74%) AHPR: 1.0004 (0.04%) LR Correlation: 0.89 OnTester result: 0 GHPR: 1.0004 (0.04%) LR Standard Error: 757.52 Total Trades: 1280 Short Trades (won %): 640 (53.28%) Long Trades (won %): 640 (46.41%) Total Deals: 2560 Profit Trades (% of total): 638 (49.84%) Loss Trades (% of total): 642 (50.16%) Largest profit trade: 687.99 Largest loss trade: -164.00 Average profit trade: 64.85 Average loss trade: -55.18 Maximum consecutive wins ($): 9 (249.77) Maximum consecutive losses ($): 7 (-321.91) Maximal consecutive profit (count): 687.99 (1) Maximal consecutive loss (count): -511.76 (4) Average consecutive wins: 2 Average consecutive losses: 2
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Attempts to recover losing trades. If a trade moves in the wrong direction, the Zone Recovery algorithm begins. An alternating series of Buy and Sell trades at two specific levels take place, with two Exit Points above and beyond these levels. Once either of the two exit points is reached, all trades close with a combined profit or break even. MT4 version here Usage General Settings Close_All: Closes all trades Magic: Magic number used Commission_per_Lot_Amount: Commission charged per Lot 1 .