Eurusd RSI Pullback Expert

Eurusd RSI Pullback Expert is an automated Expert Advisor for MetaTrader 5 designed to identify pullback opportunities within an established market trend.

The strategy combines a long-term Exponential Moving Average (EMA) trend filter with the Relative Strength Index (RSI) to identify potential entries after temporary price pullbacks.

TRADING LOGIC

The EA uses the 200-period EMA to determine the primary market direction.

BUY CONDITIONS

When the price is above the EMA, the market is considered to be in a bullish trend.

The EA then monitors the RSI for a pullback. When RSI moves below the configured Buy RSI Level and subsequently crosses back above it, the EA may open a BUY position.

SELL CONDITIONS

When the price is below the EMA, the market is considered to be in a bearish trend.

The EA monitors the RSI for a temporary upward pullback. When RSI moves above the configured Sell RSI Level and subsequently crosses back below it, the EA may open a SELL position.

Signals are evaluated using completed candles.

MAIN FEATURES

- EMA-based trend detection
- RSI pullback entry system
- Configurable signal timeframe
- Adjustable EMA period
- Adjustable RSI period
- Adjustable Buy and Sell RSI levels
- Automatic BUY and SELL execution
- Percentage-based risk management
- Optional fixed lot size
- Configurable Stop Loss
- Configurable Take Profit
- Optional Trailing Stop
- Adjustable Trailing Stop distance and step
- Maximum spread filter
- Automatic margin checking
- Magic Number support
- On-chart system information

RISK MANAGEMENT

The Expert Advisor supports percentage-based automatic position sizing and fixed lot trading.

When percentage-based risk management is enabled, the EA calculates the position size according to the selected percentage of account balance and the configured Stop Loss distance.

Before submitting an order, the EA also checks available free margin and adjusts the trading volume when necessary.

DEFAULT SETTINGS

Signal Timeframe: H1
EMA Period: 200
RSI Period: 14
Buy RSI Level: 40
Sell RSI Level: 60
Risk Per Trade: 1%
Stop Loss: 50 pips
Take Profit: 100 pips
Trailing Stop: Disabled

USAGE

The default configuration is designed around EURUSD H1 trading.

Broker conditions such as spread, execution, liquidity and symbol specifications may affect trading behavior and results.

Users can adjust the strategy and risk parameters according to their own testing and trading requirements.

IMPORTANT

This Expert Advisor does not guarantee profits.

Historical performance does not guarantee future results. Market conditions, spreads, slippage, liquidity, broker execution and user-selected parameters may affect trading results.

Users are encouraged to evaluate the Expert Advisor using the MetaTrader 5 Strategy Tester and a demo account before using it on a live trading account.

Automated trading involves financial risk and may result in losses.
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