Discussing the article: "Implementing the Deus EA: Automated Trading with RSI and Moving Averages in MQL5"
It gives compiling error.
Lucas Damien Lafon #:
Could you please explain why you are using 15 and 35 as limit values for the RSI?
This does not really make sense to me, it seems like a trick to make your backtest work for the only 1 month you are showing...
I agree if you use 15 as oversold level then overbought level should be 85 not 35
Is someone testing this stuff before it gets published? Missing parens, calling functions with the wrong signature - embarassingly buggy!
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Check out the new article: Implementing the Deus EA: Automated Trading with RSI and Moving Averages in MQL5.
This article outlines the steps to implement the Deus EA based on the RSI and Moving Average indicators for guiding automated trading.
We will examine the functionality of Deus EA, an automated trading technique built using MQL5. Our discussion will focus on how Deus EA incorporates Moving Averages and the Relative Strength Index (RSI) to make trading choices. Through analyzing these indicators, the EA determines the best entry and exit points in the market to maximize trading profitability while minimizing risk.
The Deus EA is an automated trading system designed for the MetaTrader5 platform that generates buy and sell signals based on moving averages and the relative strength index (RSI). By identifying market trends and detecting overbought or oversold conditions, it seeks to enhance trading decisions. Moreover, it includes risk management tools such as, stop loss, take profit orders, and trailing stops.
Author: Duke Matwere Kingoina