Check out these updated H1 and H4 sets. These were designed for low drawdown (below 10% was my target). They worked well on a lot of pairs I tested: EURUSD, GBPUSD, USDJPY, AUDNZD, CADJPJ, EURCAD, GBPJPY, etc.

As soon as all the conditions are met. On EURUSD you should have maybe 2-3 trades/week.

The first indication that a trade is coming is in the upper right corner - if it says "Buy RSI1 locked" or "Sell RSI1 locked", it means one condition was met and it is looking for entries. Also be sure to have the smiley face in the upper right corner of the chart.

If you have any issues, you can also write me a message.

I'm using you most recent set file from above. The ea is etup on the 1 hour chart or the 5 minute?

The charts I'm using are AU, EU CJ, EJ, AND UJ.

Do I need to insert the rsi and adx onto my chart?

I'm starting with a $300 account, what are the optimal setting for this?

Thanks for your assistance.

Hi Ken,

I understand now. You don't need to insert the RSI or ADX. If you are using the last set file, you are correct to be working on the H1. On this timeframe you will have fewer deals, which explains why you didn't have any entries lately.

Working on the M5 (with the default settings) would generate more entries, but it's riskier. Depends on your risk prefference, in the end.

Awe perfect Bogdan! I will start on the last file set and move forward from there. 

I will leave feedback when I have results. If good, I have a network of fellow traders that ma be interested and I'll send your way.

Thank you,
Bogdan

Hi there! How did you try to install the EA on the other machine? You must be logged in on MT4 and install it from Market - Purchased

I want to add something to my reply above: if you are just doing backtesting (and no trading) on this other machine, download just the demo from the market, not necessarily from "Purchased", so that you do not lose an activation. Write me a message if you still have issues.

gracias ya me ha funcionado, tengo algunas dudas:

1. ¿el stop en cada orden enviada queda abierto o existe algun parametro para setearlo?

2. ¿hace trailing stop?

3. cual es el capital minimo recomendado para ponerlo en 4 pares y que timefram usar?

4. los sets de configuraciones dejados por usted mas arriba son recomendables?

5. otras consideraciones importantes.

desde ya muy agradecido y saludos.

Hi!

1. In the default settings, there is no stop loss set. Instead, I tried to find safe settings that should give little drawdown. However, because all trading are risky, you can either set a stop loss yourself, at Order Management. 

2. There is also the possibility to set a trailing stop loss at Order Management. Here is a screenshot and I also attached a document with more info at this comment

3. I would recommend a minimum capital of 500 USD and you could use it in this combination:

EURUSD - M5 - default settings

EURAUD - M5 - default settings

AUDNZD - M5 - default settings

USDJPY - M15 - default settings

Use a different magic number for each pair.

4. The configuration files left above are good, if you take the latest. You can use H1 v7 if you like to trade on a higher timeframe. 

5. The EA also has a section in the variables called "Recovery Mode". This is an alternative to a stop loss - the trades are not closed, but a counter-trade is opened (like hedging). For example, if you have 0.5 lot buy EURUSD, it would open 0.5 lot sell if the limit set in "DD Activation" is reached per pair. After the trades are locked, the EA will use the settings and timeframe from "Recovery Mode". Profit from new trades to partially close the old trades. It's an alternative, you can try and test it to see if you find it useful.

If Autolot = True, the EA will calculate lot size based on your balance. In the default settings, for each 1000 of balance, it will open 0.02 lots. So, for 5000 account, it will open a 0.10 position.

You can set Autolot = False and then the lot size will always be equal to "Intial Lot"

Re-uploading the H1 set for new-comers. Same comments as before applies:

I found it works on cadjpy, eurusd, usdjpy, audnzd, eurjpy. This could also work on gbpusd, but gbp pairs have strong moves sometimes and I think I will avoid them. I am also avoiding audcad lately, for the same reason.

Hi brother can you send me the set file 

that you are using in your single
https://www.mql5.com/en/signals/747414#!tab=tab_trading

and the parts and the time frame  please 

Hi!

Here are the settings:

EURUSD - M5 - Default set

EURAUD - M5 - Default set

AUDNZD - M5 - Default set

USDJPY - M15 - Default set (watch out, M15 timeframe here)

EURCAD - M5 - Default, but I changed Initial Lot Size to 0.01

Please remember to change the magic number for each pair. Send me a message if you need any help.

thanks bro

I decided to split up the EA into two versions: from now on, this will be the PRO version with all the features and I also created a more afordable "lite" version, that just trades RSI divergences.

And just to demonstrate why this version deserves to be the "PRO" version, here is a set file I'm working on right now - test in on GBPNZD M15. The trades close on M5 timeframe, so you will also need GBPNZD M5 in order to properly test it. I will work to improve it in the coming weeks