Advanced Rsi Grid Hedge Mt5

Advanced RSI Grid Hedge is an Expert Advisor that identifies short-term price reversals within overbought and oversold zones, while aligning trades with the main market trend.

The system applies a grid-based hedging mechanism and does not use martingale or averaging.

It uses two RSI indicators combined with a built-in trend filter to determine entry conditions under specific technical setups.

Main Features

• Grid hedging system without martingale

• Dual RSI confirmation (main and secondary)

• Optional trend filter for directional bias

• Spread and drawdown protection filters

• Flexible position sizing based on account balance

Input Parameters

• Max Drawdown Percentage – When the current floating drawdown exceeds this limit, all positions are closed and trading is paused for 72 hours or until the EA is reloaded.

• Max Spread – Prevents new trades under unfavorable spread conditions.

• Volume – Base lot size.

• LotStep – Defines lot scaling according to balance.

• Grid Step – Distance in points between grid entries.

• GridTPmin – Minimum profit distance to close grid cycles.

• Main RSI Timeframe / Period / Level – Defines the primary RSI parameters.

• Secondary RSI Timeframe / Period / Level – Defines the secondary RSI parameters.

• Use Overbought/Oversold Filter – Enables an additional filter to reduce excessive entries.

• SMART TREND Filter – Activates the built-in directional filter (recommended = True).

Notes
The default parameters are provided for testing purposes and may require adjustment depending on symbol, broker, and market conditions.