Market / MetaTrader 4 / Experts /

RSI Level EA

50 USD

Demo downloaded: 312

Published: 5 March 2020

Current version: 1.5

RSI Level EA

Experts
Genesis Hafalla
Version: 1.5
Updated: 27 July 2021
Activations: 20

A simple EA that trades based on Relative Strength Index levels.

How it works?

This EA trades with Relative Strength Index Level .
Relative Strength Index Level will base its value on the current time frame.
Only allows one open trade at a time.
Two strategy to choose, Reversal and Trend following.
Optimize risk management settings for lot size and martingale.

Strategy:

Reversal

Opens a buy position if the RSI is below oversold level.
Opens a sell position if the RSI is above overbought level.

if Close on Reverse Trend is set to true.

Close a buy position if the RSI is above overbought level.
Close a sell position if the RSI is below oversold level.

Trend Following

Opens a sell position if the RSI is below oversold level.
Opens a buy position if the RSI is above overbought level.

if Close on Reverse Trend is set to true.

Close a sell position if the RSI is above overbought level.
Close a buy position if the RSI is below oversold level.

Parameters:

MagicNumber - return an identifying (magic) number of the currently selected order.
Custom Comment - trade comment text.
Strategy - The option to choose Reversal or Trend Following.
Max Spread Pips - distance between Ask and Bid, at which you allow the EA to open a trade.
Max Slippage - The difference between the expected price of a trade, and the price the trade actually executes at which you allow the EA to execute an order.
~~~~~RSI Settings~~~~~
RSI Period - Input RSI period.
Over Sold - Input Oversold level.
Over Bought - Input Overbought level.
Indicator Bar Value - The option to choose current bar value or closed bar value.
~~~~~Risk Management Settings~~~~~
Start Lot - Starting lot size.
Loss Factor - Multiplier of last lot size if the last trade was a loss.
Max Consecutive loss - Maximum Consecutive loss, it will restart to starting lot size if reached.
StopLoss - Stop loss value relative to open price. Measured in pips.
TakeProfit - Take profit value relative to open price. Measured in pips.
Trailing Step - Modify Stop order in steps when moves price moves to its favor, set 0 to deactivate.
Trail above break even - if set to true it will only trail if calculated stop loss moves in favor of the order open price. (Above Buy Order Open Price, Below Sell Order Open Price)
Close on Reverse Trend - if set to true, it will close open trade if it met the condition in reverse of opening the trade.
Use_Candle_Filter - if set to true, it will only buy if the previous candle is bullish, and sell if the last candle is bearish.
~~~~~Time and Day Filter Settings~~~~~ - For Opening of Trades Only.
Daily Start Time - Starts to open a trade.
Daily Stop Time - Ends to stop opening a trade.
Monday - Trade on Monday.
Tuesday - Trade on Tuesday.
Wednesday - Trade on Wednesday.
Thursday - Trade on Thursday.
Friday - Trade on Friday.
~~~~~Alert Settings~~~~~
Send_Email
Audible_Alerts
Push_Notifications

Martingale is a very risky strategy!

Do not trade with money you can’t afford to lose!

Consider withdrawal as a part of the strategy!

more...

1048

Geneiryodan 2021.09.05 08:27 #

I was able to make a profit immediately after purchasing this EA. I am grateful to the author.

188

Vns Oktora 2021.02.01 02:47 #

Works good! Of course with the right money management. Thanks

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This EA utility does not trade on its own, but it only modifies the open trades to add take profit and stop loss that was opened manually or by any other expert advisors. The distance is based on Average True Range Indicator(ATR). How Does It Work? If Symbol to modify is set to "All Symbol" simply attach it to one chart, and all open trades in the entire terminal will set the take profit and stop loss with the distance of Average True Range value of their corresponding symbol. If Symb

30 USD

This EA utility opens trade when price touches trend line on your chart. How to use in 2 steps? Attached this utility on your chart with your desired parameters and risk management settings set. Draw a line using " Horizontal line tool " or " Trend line tool " on your chart. Rules: You can draw a minimum of 1 line and a maximum of 2 lines in the chart. It will only trade once on a symbol when it touches the line. You need to have a fundamental knowledge about trend line trading. Parameters:

50 USD

This EA utility does not trade on its own, but it only modifies the open trades to add take profit and stop loss that was opened manually or by any other expert advisors. The distance is based on Pips . How Does It Work? If Symbol to modify is set to "All Symbol" simply attach it to one chart, and all open trades in the entire terminal will set the take profit and stop loss . If Symbol to modify is set to "Local Symbol" , it will only set the

30 USD

Stochastic Cross Arrow is an indicator that automatically places arrow when stochastic K and D line crosses each other on a certain level. Buffer Guide For Developers: Buffer 0 =Buy Arrow Buffer 1 =Sell Arrow Inputs: ---Stochastic Settings--- %K - %K value. %D - %D value. Slowing - Slowing value . Stochistic Method - Moving Average method. It can be any of enumeration values. Newbar - arrow only appear on new bar. Buy_Msgs - type info message when buy arrow appears. Sell Msgs - type inf

30 USD

How it works? This EA trades with Stochastic signal and base line crossovers. Only allows one open trade at a time on the currency you have attached this EA. Opens a Buy position if the signal line crosses below base line below the value you set in BuyBelow parameter. Opens a Sell position if the signal line crosses above base line above the value you set in SellAbove parameter. This EA will work in any time frame and in any pair, Stochastic oscillator will base its data on the current time fram

50 USD

30 USD

How it works? This EA trades with Stochastic Signal line Cross over low and high levels. Only allows one open trade at a time on the currency you have attached this EA. if Reverse Logic is FALSE will open BUY if Stocha Signal Line Cross below Low Level will open SELL if Stocha Signal Line Cross Above High Level if Reverse Logic is TRUE will open SELL if Stocha Signal Line Cross below Low Level will open BUY if Stocha Signal Line Cross Above High Level Key difference with my other EA " Maste

50 USD

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1048

Geneiryodan 2021.09.05 08:27 #

I was able to make a profit immediately after purchasing this EA. I am grateful to the author.

188

Vns Oktora 2021.02.01 02:47 #

Works good! Of course with the right money management. Thanks

Version 1.5 2021.07.27

Added Custom Comment - trade comment text.

Version 1.4 2021.02.10

Change the logic of Trail to move on step.
Added Trail above break even, if set to true it will only trail if calculated stop loss moves in favor of the order open price.

Version 1.3 2020.06.10

Added "Use_Candle_Filter"- if set to true, it will only buy if the previous candle is bullish, and sell if the last candle is bearish.

Version 1.2 2020.03.29

Changed default settings.
Changed product description on "About Tab".
Added voice instruction on clicking contact me button.