Basic RSI robot

MQL4 Uzmanlar

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BASIC RSI EA

How to open a buy position;

When RSI touch X (same as 55) ea will watch first. (ea will wait)
If RSI touch X+2 (or3,4) ea will open buy position. 

I want this setting, beacuse my latest ea open buy position for RSI 57 to 55.. When price go to lower, it had open a buy position. I dont want it.
Very important note; rsi going to only above, upper price for buying. Some ea's, rsi price every touching to 55, always open a buy position. I dont want it. 
I need only 53 to 55, no 57 to 55 ( this is an example)

Other note; IF spread more then S ( like as S=15 ) ea will wait 30 (sec paramater, changeble) second for open position and lower than S. 
Ea will wait lower spread for open a position.

Ea shouldnt work when RSI to wait point.


SO; Wait RSI point for buy (X) (watch point)
   Buy point for open buy position (X+3)
   Close buy position RSI (C)

How to close buy position;

When RSI touch A ( like as 75 or 50 again)

or stop loss and take profit settings. I need trail stop  loss option.    


How to open a sell position

Like as open but reversed. so;

When RSI touch S (same as 45) ea will watch first. (ea will wait)
If RSI touch X-2 (or3,4) ea will open buy position.  (like as 42)

SO; Wait RSI point for sell (S)
   Buy point for open buy position (S-3)
   Close buy position RSI (D)

How to close sell position;

When RSI touch B ( like as 35 or 50 again)

or stop loss and take profit settings. I need trail stop  loss option.  

I need other default settings;

RSI Period
martingale option (on / off / multiplier) 
manuel or auto lots (risk percent)

Working hours,
Working days,
Good for Backtesting,
Source code

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