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RSI Level EA

5

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!
 
Comentarios 2
Geneiryodan
1136
Geneiryodan 2021.09.05 08:27 
 

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

Vns Oktora
188
Vns Oktora 2021.02.01 02:47 
 

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

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Promoción de lanzamiento! ¡Solo quedan unas pocas copias a 449$! Próximo precio: 599$ Precio final: 999$ Obtenga 1 EA gratis (para 2 cuentas comerciales) -> contácteme después de la compra Ultimate Combo Deal   ->   click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro se une al club de Gold Trading EA, pero co
AI-Powered Trading Cortex EA is a cutting-edge Expert Advisor designed for Gold or XAUUSD and GBPUSD. It utilizes neural networks, AI, and machine learning for smart, low-risk trades. Unlike risky strategies like martingale, Cortex EA focuses on safety and adapting to market changes in real-time. Join our  MQL5 community  for updates, tips, and exclusive content. AI Cortex MT5 Version AI Cortex EA setup blog Promo Price: $599 for the first 3 purchases | Next Price: $749 Key Features AI-powere
Yarukami Mnukakashi EA
Aleksandr Kazmirchuk
5 (2)
Yarukami Mnukakashi is an automated trading advisor designed for traders in the Forex market. Key Features: Strategy type: 24-hour trading, but I recommend avoiding the American session and setting a daily take of $30-40 per 0.01 lot. Can work in one direction or both at once independently of each other. Trading instruments: GOLD Timeframes: M1 Algorithm: uses technical analysis with moving average indicators, Bollinger and Momentum. Risk management: there is a function to forcibly close order
Diamond PRO
Fanur Galamov
5 (19)
Only 3 copies left for $199. Limited offer! Next price --> $299.  Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and a
XG Gold Robot MT4
Marzena Maria Szmit
4.48 (25)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
VR Lollipop
Vladimir Pastushak
4.6 (10)
Dejar que los beneficios crezcan - es la estrategia principal del robot comercial VR Lollipop . Negociar en la dirección de la tendencia, agregar posiciones en la dirección de la tendencia, llevar las posiciones al punto de equilibrio y cortar las pérdidas lo más rápido posible, son los principios en los que se basa la estrategia comercial del robot VR Lollipop. Negociar siguiendo la tendencia, en combinación con un stop de pérdida dinámico , recolecta de manera muy efectiva todos los movimiento
Daytrade Pro Algo
Profalgo Limited
5 (5)
Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ NUEVO: ¡obtenga 1 EA gratis!   (para 2 cuentas comerciales) 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
Otros productos de este autor
LogicalTraderEA
Genesis Hafalla
5 (7)
LogicalTraderEA is a Hedging expert advisor which uses a grid recovery strategy. Trading Strategy LogicalTraderEA trades on all types of pairs. It works most efficiently on an account with a high margin, which plays a huge role in any strategy. The user has to be able to consider withdrawal as a part of the strategy. This EA works on all time frames without losing its efficiency, but it works most efficiently in the H1 time frame. I have already set the most optimal default parameters in accorda
How it works? This EA trades with Fast MA and  Slow MA  crossovers. Moving Average will base its value on the current time frame. Only allows one open trade at a time. Two strategy to choose,  crossover and trend following. Optimize risk management settings for lot size and martingale. Strategy: Crossover Opens a Buy position if the  Slow MA  crosses below  Fast MA. Opens a Sell position if the  Slow MA  crosses above  Fast MA. Trend Following Opens a Buy position if the  Slow MA  is below  Fast
How it works? This EA trades with Stochastic   Signal Line  and  Base Line  crossovers. Stochastic  will base its value on the current time frame. Only allows one open trade at a time. Two strategy to choose,  crossover and trend following. Optimize risk management settings for lot size and martingale. Strategy: Crossover Opens a buy position if the Signal Line  crosses below  Base Line and base line is below the Buy below crossover level. Opens a sell position if the Signal Line  crosses above
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
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:
Universal TP SL Pips
Genesis Hafalla
5 (1)
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
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
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
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
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
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Geneiryodan
1136
Geneiryodan 2021.09.05 08:27 
 

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

Vns Oktora
188
Vns Oktora 2021.02.01 02:47 
 

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

Respuesta al comentario
Versión 1.5 2021.07.27
Added Custom Comment - trade comment text.
Versión 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.
Versión 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.
Versión 1.2 2020.03.29
Changed default settings.
Changed product description on "About Tab".
Added voice instruction on clicking contact me button.