GRID RSI PRO

Grid RSI Pro v3.1 – Grid Expert Advisor with RSI Filter

General Description:
Grid RSI Pro v3.1 is an advanced Expert Advisor for MetaTrader 4 that utilizes a grid trading strategy filtered by the RSI indicator. The EA automatically opens orders at specified levels, creating a grid of orders to capture market fluctuations. Version 3.1 includes advanced risk management features and an improved signal filtering system.

Key Features

1. Trading Strategies:

   • RSI Strategy: Opens positions when the RSI indicator reaches overbought (80) or oversold (20) levels.

   • Fixed Points: Opens positions at a set distance from the current price.

   • Manual Mode: Allows manual position opening via on-chart buttons.

2. Grid Management:

   • Lot Multiplier: Increases the volume of each subsequent order in the grid.

   • Grid Step: Distance between orders in points.

   • Max Step: Limits the maximum distance between orders.

   • Max Lot: Limits the maximum order volume.

3. Protective Mechanisms:

   • Trailing Stop: Automatically moves the stop-loss level.

   • Breakeven: Moves the position to breakeven upon reaching a specified profit.

   • Stop Loss/Take Profit: Fixed closing levels for orders.

   • Overlap: Automatically closes opposite positions when the price crosses the zero level.

4. Advanced Risk Management (NEW):

   • Max Orders: Limits the number of concurrent orders.

   • Loss Limits: Controls maximum loss in both absolute value and percentage.

   • Drawdown Control: Limits daily and total drawdown.

   • Trading Lock: Automatically suspends trading if limits are violated.

   • RSI Candle Filter: Combines RSI signals with candlestick patterns.

5. Notifications:

   • Push Notifications: Sends signals to mobile devices.

   • Email Alerts: Sends notifications to your email.

   • Screen Alerts: Pop-up windows in the terminal.

Advantages

• Automation: Fully automates the trading process.

• Flexibility: Customizable parameters to suit different trading styles and assets.

• Safety: A multi-level risk management system protects your deposit.

• Control: A convenient information panel and monitoring of open positions.

• Notifications: Timely alerts about important events in the EA's operation.

Usage Recommendations

• Start with a demo account to test the strategy.

• Set conservative risk management parameters.

• Regularly analyze the EA's performance statistics.

• Use the candle filter to reduce false signals.

• Configure notifications to respond to market situations promptly.