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RSI Action

The RSI Action Expert Advisor is designed to automate most popular RSI (Relative Strength Index) strategies. It opens orders when Overbought and Oversold Levels are touched. The user can filter that main signal by allowing to identify RSI reversal points, set pending orders, set major trend and allow to identify trends by Moving Average Crossover signals. The modern trailing system automatically locks your profits and trail for maximum profit.


Features

  • Proper risk management system
  • Trades fully automatically
  • Modern trailing and profit protection system included
  • Few ways to filter basic RSI signals
  • Pending orders automatically cancel when signal changed
  • User friendly settings
  • No boundaries
  • Fast activity


Parameters

  • Trade Parameters
    • Lots - Lot size
    • Stop Loss - Stop loss (Pips)
    • Take Profit - Take profit (Pips)
    • Magic Number - Number for each symbol window that you run the EA simultaneously
    • Distance - Distance for set pending orders
    • Account Free Margin - Margin level for disable trades when account at low balance
    • Profit Protection - Enable/ Disable profit protection
    • Profit Protection Start In Pips - SL move in [x] pips
    • Profit Protection In Pips - SL move to [x] pips from order open level
    • Trailing - Enable/ Disable trailing
    • Trailing Start In Pips - Trailing start level by [x] pips
    • Trailing Step - SL move by [x] pips
  • RSI Signal Filters
    • Overbought Level - RSI level for open sell order
    • Oversold Level - RSI level for open buy order
    • Overbought Reversal Level - Second overbought RSI level for confirm reversal movements
    • Oversold Reversal Level - Second oversold RSI level for confirm reversal movements
    • Averaging Period - Averaging period for calculation
    • Applied Price - Applied price
    • Shift - Index of the value taken from the indicator buffer
    • Range - Use RSI values between [x] to 0 candle 
  • Crossover Signal Filters
    • Fast Moving Average Parameters
      • Fast Period - Averaging period for calculation
      • Shift - MA shift. Indicators line offset relate to the chart by timeframe
      • Method - Moving Average method
      • Applied Price - Applied price
    • Slow Moving Average Parameters
      • Slow Period - Averaging period for calculation
      • Shift - MA shift. Indicators line offset relate to the chart by timeframe
      • Method - Moving Average method
      • Applied Price - Applied price
    • Range - Use MA values between [x] to 0 candle
    • Time Period - Time period
  • Trade Filters
    • Trend detection
      • MA Crossover Trend - Major trend auto detect by Moving Average Crossover signals
      • Buy Trend - Select trend as a buy trend
      • Sell Trend - Select trend as a sell trend
      • Buy and Sell - Select trend as buy and sell
    • Order Open With
      • Level Touched - Order open when the RSI touched given levels
      • Level Touched + Pending Orders - Set pending orders using Distance value when the RSI touched given levels
      • Reversal - Order open when the RSI touched default levels and second RSI levels
  • Graphic Parameters
    • Buy Line Color - Line color for pending buy orders
    • Sell Line Color - Line color for pending sell orders
























































Matthew Bould
232
Matthew Bould 2018.12.11 16:17 
 

Great little and inexpensive EA, perfect for anyone who uses the RSI for trading. Loads of adjustable parameters to personalise it, and the author, Thushara, is very helpful and quick to respond to questions. HIGHLY RECOMMENDED

20031
355
20031 2018.10.24 20:38 
 

How to increase the size of the lot

We want to add a start time for opening trades and a time for the end

We want to add a risk management option separate from the size of the lot

I want to add terms for an increased amount

Версия 1.1 2018.11.26
1. Added profit protection option and optimized trailing function.
2. Change hidden stop loss method to visible mode.
3. Added moving average crossover signal filter to detect trend.
4. Added few way to filter RSI signals.
5. Removed auto lot optimization function.