FxS RSI EA
- Experts
- Churchill Sipho Mashinini
- Version: 2.50
- Updated: 15 April 2025
Free RSI Multi-Strategy EA for MT5
Overview
This free MQL5 Expert Advisor (EA) is designed to trade automatically using six powerful RSI-based strategies. Whether you prefer trend-following, breakout trading, scalping, or counter-trend strategies, this EA provides flexibility and adaptability to different market conditions.
Features & Strategies
The EA includes six RSI trading strategies:
✅ RSI Overbought & Oversold – Classic reversal strategy based on extreme RSI levels.
✅ RSI Divergence – Identifies price and RSI divergence for potential trend reversals.
✅ RSI Trend Confirmation – Confirms trend strength before entering trades.
✅ RSI & Moving Averages – Combines RSI with MA crossovers for enhanced trade signals.
✅ RSI Breakout – Detects breakout opportunities using RSI momentum shifts.
✅ RSI Scalping – Quick in-and-out trades based on short-term RSI fluctuations.
Key Input Settings
🔹 RSI Settings: Customize RSI period, overbought & oversold levels.
🔹 Trading Settings: Set lot size, take profit, stop loss, and preferred RSI strategy.
🔹 Time Filters: Define trading days and sessions (e.g., avoid Monday trading, disable Friday trading, etc.).
🔹 Money Management: Built-in risk management controls (max risk per trade, daily/weekly loss limits).
🔹 Dashboard Settings: Optional on-screen panel for real-time insights.
Market Adaptability
📈 Trending Markets – Strategies like RSI Trend Confirmation & RSI Breakout perform well in strong trends.
📉 Ranging Markets – Strategies like RSI Overbought & Oversold & RSI Divergence excel in sideways markets.
Why Use This EA?
✅ Versatile – Covers multiple trading styles (scalping, trend-following, mean-reversion).
✅ Customizable – Fine-tune settings to match your trading preferences.
✅ Risk Management – Protects your account with smart risk controls.
✅ 100% Free – Available for download on MQL5.com at no cost!
👉 Download Now & Optimize Your RSI Trading!
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