Rsi Pro Trader

RSI PRO Trader v1.80 is a no-nonsense, fully-automated Expert Advisor for MetaTrader 5 that trades off the classic Relative Strength Index (RSI), with an optional Stochastic filter and a suite of advanced risk-management tools. It’s not a holy grail—but if you know what you’re doing, it’ll give you plenty of control over entries, exits and position sizing.

🚀 Core Logic

• RSI-based entries

  • Trades open when RSI(Period) breaches configurable overbought/oversold levels.

  • Lower threshold is auto-computed as 100 − Upper threshold.

  • Option to invert RSI logic if you prefer counter-trend plays.

• Optional Stochastic filter

  • Adds a %K/%D filter on the same or a different timeframe.

  • Configurable K-period, D-period, slowing, and overbought level.

  • Can invert filter logic for divergence plays.

🛠️ Risk & Money Management

• Stop Loss, Take Profit & Trailing

  • Per-trade SL/TP in points; global TP to close all positions when X pips of profit is reached.

  • Adjustable trailing stop in points.

• One-Trade-Per-Candle

  • Prevents overtrading by limiting to a single entry each bar.

• Lot Sizing Modes

  • Fixed lot or dynamic lot-per-1,000 units of balance.

  • Hard cap via “Max Allowed Lot.”

  • Drawdown-based multiplier overrides base lot: if equity drawdown exceeds a threshold, new lot is sized to offset opposite positions (with user-defined multiplier).

• Martingale & Anti-Martingale

  • Optional martingale: define max trades, step distance, lot & distance multipliers.

  • Anti-Martingale grid: triggers after N martingale trades, then enters a reverse grid with its own grid step, lot multiplier and optional trailing stops.

  • Filter new martingale entries by RSI, Stochastic or both.

• FIFO Close Logic

  • When you have ≥ N open positions, EA can automatically flip to FIFO mode and close oldest positions once a profit buffer is met.

• Magic Number

  • Fully customizable to avoid conflicts with other EAs.

🔧 Key Inputs (defaults in parentheses)

⚠️ Risk Warning

This EA demands respect: Martingale and grid strategies amplify both gains and losses. It’s best deployed on demo or low-risk accounts until you understand its mechanics. Always backtest extensively on your preferred symbols and timeframes before going live.

✅ Bottom Line

If you’re tired of half-baked “set and forget” robots, RSI PRO Trader gives you transparent, highly configurable RSI-based entries plus layers of advanced money management—no hidden tricks, just raw flexibility. Use wisely, keep an eye on your drawdowns, and remember: no EA replaces solid strategy and discipline.