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AVT RSI EA

5

The Expert Advisor is based on the classic indicator - Relative Strength Index (RSI)

3 strategies of work on this indicator have been implemented:

  1. Opening deals directly upon reaching overbought / oversold levels.
  2. Opening deals when a reversal pattern is formed on the indicator chart in overbought / oversold zones.
  3. Opening trades when the indicator value returns from the overbought / oversold zone.

The number of simultaneously open buy and sell orders is set separately. Thanks to this, you can only use the EA in the direction of the trend. The functions of money management, trailing stop, filter by moving average, withdrawal of an order to breakeven, notifications are also implemented. The EA automatically recognizes 4 and 5-digit quotes.

Description of parameters

Money management - parameters of money management

  • UseMoneyManagement - use a fixed lot or percentage of the balance.
  • Lot - lot size when FixedLot is selected
  • Percent - the percentage for calculating the lot
  • MaxBuyOrders - the maximum number of simultaneously open buy orders
  • MaxSellOrders - the maximum number of simultaneously open sell orders

Takeprofit settings

TakeProfit - TakeProfit value in points

StopLoss - StopLoss value in points

Trailing settings - trailing stop parameters

  • Trailing_Start - start of trailing
  • Trailing_Distance - distance between SL and current price
  • Trailing_Step - trailing step
  • Trailing_Hidden - use hidden SL

BreakEven settings

  • BreakEven - enable withdrawal to breakeven
  • BreakEven_Profit - profit at which the order is transferred to breakeven
  • BreakEven_Fix - the number of points to fix the profit

RSI settings - settings of the RSI indicator

  • Strategy - choosing a strategy for working with the RSI indicator
  • RSI_Period - period of the RSI indicator
  • RSI_Overbought - overbought level of the RSI indicator
  • RSI_Oversold - oversold level of the RSI indicator
  • RSI_APPLIED_PRICE - the price used in the calculation of the indicator
Notification settings

  • SendAlert - enable alert
  • SendEMail - enable email notification
  • SendPushNotification - enable push notification

Other settings

  • MagicNumber - magic orders
  • TradingTime - enable trading time
  • StartTrading - start trading
  • EndTrading - end of trade
  • Use_MA_Filter - use a filter based on a moving average
  • MA_Period - moving average period

    Reviews 2
    Walter Hauser
    127
    Walter Hauser 2018.04.11 08:54 
     

    I have downloaded this EA and did some extended backtesting in order to find the best setting for each currency pair. Then I switched to forward testing for two weeks with positive results. This EA works best if you trade in one direction only, as suggested by Andrey Tatarinov. For this it is advisable to use some Moving Average as filter. I am very satisfied with AVT RSI and can highly recommend this EA.

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    rtiwari6018
    539
    rtiwari6018 2022.09.02 01:20 
     

    Hi, Can you please advise me when you are going to update Your developed AVT-RSI, Which is not working on my MT4 platform also your sent AVT-Stochastic coming with an invalid Account, please advise me what should I do? I am waiting for more than two weeks since I purchased it.

    Walter Hauser
    127
    Walter Hauser 2018.04.11 08:54 
     

    I have downloaded this EA and did some extended backtesting in order to find the best setting for each currency pair. Then I switched to forward testing for two weeks with positive results. This EA works best if you trade in one direction only, as suggested by Andrey Tatarinov. For this it is advisable to use some Moving Average as filter. I am very satisfied with AVT RSI and can highly recommend this EA.

    Reply to review
    Version 1.5 2023.12.08
    Bugs fixed
    Version 1.4 2021.06.30
    - code optimization
    Version 1.3 2020.09.15
    - Added moving average filter
    - Optimized code
    Version 1.2 2020.05.15
    Added new options
    - breakeven
    - trading time