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The RSI POWER EA is a very simple EA.
When RSI value is above a certain value, the EA opens a SELL position. When the EA is below a certain value, a BUY opens.
The first trade will be LOT POSITION 1.
Each time the EA reaches the take profit it restarts from LOT POSITION 1.
If the EA goes into STOP LOSS, upon the occurrence of a new RSI condition, it immediately reopens a trade, this time however with LOT position 2 (if set).
If this trade also goes to SL it goes to LOT position 3 (if set). And so on until the EA goes into profit.
In practice it is a "martingale" with manual LOTS.
FEATURES:
Max total positions (1)
Permit Buy positions (true,false)
Permit Sell positions (true,false)
Rsi period (ex.14)
Rsi buy level (ex. 30)
Rsi sell level (ex. 70)
Stop loss (in points)
Take profit (in points)
Trailing Stop (in points)
Trailing Step (in points)
Lot position 1 (from 0,01 lot)
Lot position 2 (if 0 disable)
Lot position 3
Lot position 4
Lot position 5
Lot position 6
Lot position 7
Lot position 8
Lot position 9
Lot position 10
Use time control YES NO
Start hour (server time)
End hour (server time)
Trade comment
Magic number
It is an idea from:
https://www.mql5.com/en/code/23152
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