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RSI Snowball Martingale

4

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:

  1. 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.

  2. 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.

  3. 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)


Comentarios 2
Raoul Paul Xavier De Jong
1102
Raoul Paul Xavier De Jong 2024.06.27 21:23 
 

it's ok....

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Lo Thi Mai Loan
4 (4)
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Profalgo Limited
4.56 (32)
Asesores Expertos
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Chen Jia Qi
4.48 (81)
Asesores Expertos
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Inrexea Limited
5 (1)
Asesores Expertos
Please do not   pm   me if you are asking for:  Discount ( Price will go back to original price 3800 in the future ) Backtesting result ( We don't trust mislead informations ) (LOJ 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 ve
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Marzena Maria Szmit
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Asesores Expertos
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Dilwyn Tng
4.83 (24)
Asesores Expertos
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Valeriia Mishchenko
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Dilwyn Tng
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Asesores Expertos
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Aleksandr Chebotaev
2.6 (30)
Asesores Expertos
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Siti Hadijah Lena
4.67 (3)
Asesores Expertos
Only  3 copies left at current   price!,   Next Price 799 USD.   So   Come on Hurry up!    Parrots   Breaker   MT5  EA is an Expert Advisor that is smart, powerful and accurate in determining entries. Parrots   Breaker   MT5  EA works based on the concept of trend following  combined  with   Break of Internal Structure and   trading levels. Live Signal 1 Parrots   Breaker   MT5  EA is an Expert Advisor that is safe and focuses on long-term use. Backtest   Result is Fantastic. This EA does not us
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Marco Solito
5 (51)
Asesores Expertos
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Daytrade Pro Algo MT5
Profalgo Limited
4 (9)
Asesores Expertos
Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files ¡Bienvenido a DayTrade Pro Algo!   Después de años de estudiar los mercados y programar distintas estrategias, he encontrado un algoritmo que tiene todo lo que necesita un buen sistema de trading: Es corredor independiente Se propaga independiente Muestra p
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AlexisTaylor
18
AlexisTaylor 2024.06.30 18:38 
 

El usuario no ha dejado ningún comentario para su valoración

Rachyut Senakool
1249
Respuesta del desarrollador 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?
Raoul Paul Xavier De Jong
1102
Raoul Paul Xavier De Jong 2024.06.27 21:23 
 

it's ok....

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Versión 777.999 2024.04.18
RSI Snowball & Martingale V2