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RSI Snowball Martingale

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Published: 17 April 2024

Current version: 777.999

RSI Snowball Martingale

Name: RSI Snowball Martingale
Rating: 4 (1 reviews)
Author: Rachyut Senakool

Experts
Rachyut Senakool
Version: 777.999
Updated: 18 April 2024

Expert Advisor (EA) that utilizes the basic Dow Theory strategy along with RSI for opening positions, and employs support and resistance levels from the Zigzag indicator as stop-loss and take-profit points, you can follow these guidelines:

Dow Theory Strategy: This involves analyzing trends using the Dow Theory principles, mainly focusing on identifying primary trends (bullish or bearish) and secondary trends (corrections). You'll need to implement rules for identifying these trends based on price action.
RSI for Confirmation: Relative Strength Index (RSI) can be used as a confirmation tool. For example, you might open a buy position when the price is in an uptrend according to Dow Theory and RSI is below a certain oversold threshold (e.g., RSI < 30), indicating potential buying opportunities.
Zigzag Indicator for Support and Resistance: The Zigzag indicator helps in identifying significant highs and lows in the price movement. You can use these levels as potential stop-loss and take-profit points. For instance, set stop-loss just below the recent swing low for long positions and take-profit at the nearest swing high.

Recommendations:

Currency pair: XAUUSD
Timeframe: M15
deposit : $100
Account type: Standard
Brokers : Exness (https://one.exnesstrack.net/a/t5m9v5m9)
When you resister Exness account please fill Partner code: t5m9v5m9 for commission pay back 50% (rebate)

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Raoul Paul Xavier De Jong 2024.06.27 21:23 #

it's ok....

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AUTO3M Lite MT5 is a fully automatic Expert Advisor for Trend, Hedging Strategy Trade With Bollinger Bands And Stochastic Oscillator Bollinger Bands Are Used Mainly To Follow Trends. Stochastic Main Line And Signal Line Use For Open Pending Order Buy Or Sell The advisor Auto3M Lite MT5 can work on a VPS. Pro version MT4 Pro version MT5 Feature No martingale Hard stop loss and take profit for each position Use Trailing stop Delete pending order automatic by interval time Use buy stop and sel

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Divergence RSI Trader is based on divergences in the chart and indicator (RSI Level 14). Divergence RSI Trader's strategy to find lows and highs on the chart and RSI indicator, analyze them and then open positions. EA was tested in the EURUSD H1 in the strategy tester and adjusted to this currency by default. EA has also been tested with other settings at GBPUSD M5 for 10 years and completed with good results. Because this is a free version, there will be no more tests and only updates. Please

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Test Before Use... In the forex market, a range refers to a period of time during which the price of a currency pair remains relatively stable, fluctuating within a narrow band. This can be contrasted with a trend, which refers to a sustained movement in the price of a currency pair in a particular direction. During a range, the price of the currency pair may move up and down within a defined range, but it is not trending strongly in any particular direction. This can be a good time for the rang

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Bonnitta Gold is based on personal Bonnitta Trading Indicator and a very advanced secretive trading algorithm. The strategy of Bonnitta Gold is a combination of a secretive custom indicator , Trendlines, Support & Resistance levels and most important secretive trading algorithm mentioned previously. BONNITTA GOLD NEEDS HIGHER LEVERAGE FROM 400 AND ABOVE - I TESTED IT WITH 10,000 USD AND LEVERERAGE OF 1:500 PLEASE SEE THE REAL ACCOUNT LINK BELOW. YOU NEED BIG LEVERAGE AND HIGHER RISK TO U

2 500 USD

No Backtesting is allowed: (Overpower IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. The OverPower Trading Robot

1 388 USD

BBMA Gold Martingale Trailing EA MT4 The Moving Average Martingale Trailing EA employs a trend-following strategy, also known as the Breakout strategy, to open order trades. It also utilizes a Martingale strategy for trade placement. For money management, it implements a trailing stop loss based on support and resistance levels. Martingale Distance Function : This function determines the distance for opening the next order in a Martingale strategy, based on specific conditions for op

FREE

Expert Advisor (EA) that utilizes the basic Dow Theory strategy along with RSI for take profit, and employs support and resistance levels from the Zigzag indicator as stop-loss and take-profit points, you can follow these guidelines: Dow Theory Strategy : This involves analyzing trends using the Dow Theory principles, mainly focusing on identifying primary trends (bullish or bearish) and secondary trends (corrections). You'll need to implement rules for identifying these trends based on price ac

FREE

BBMA Gold Martingale Trailing EA The Moving Average Martingale Trailing EA employs a trend-following strategy, also known as the Breakout strategy, to open order trades. It also utilizes a Martingale strategy for trade placement. For money management, it implements a trailing stop loss based on support and resistance levels. Martingale Distance Function : This function determines the distance for opening the next order in a Martingale strategy, based on specific conditions for openi

FREE

This EA opens orders based on trends. It sets a stop loss (SL) when the price moves negatively and a take profit (TP) when each order becomes profitable. The EA has a Martingale-like behavior, and it appears that SL might not always be set if the conditions aren't fully met. Users should be prepared for potential account wipeout, but the advantage is that the starting capital is only $1000. You can use this EA to work towards recovering your initial investment, then let it continue running. The

FREE

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AlexisTaylor 2024.06.30 18:38 #

User didn't leave any comment to the rating

1356

Reply from developer Rachyut Senakool 2024.07.02 08:06 #

Thank you very much for liking the EA I created. For the MT4 version, I can't find the original file because this EA is the first EA I've made and I've been trial and error until I can't remember the original structure. If I were to install a new EA, I would install both versions for MT4 and MT5. Or would you prefer an MT4 version of the RSI strategy, but it might work a little differently?

1122

Raoul Paul Xavier De Jong 2024.06.27 21:23 #

it's ok....

Version 777.999 2024.04.18

RSI Snowball & Martingale V2