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KT Connors RSI Robot MT5

KT Connors RSI Robot trades market turning points by detecting price bar consolidation within overbought/oversold levels. This is done using the Connors RSI oscillator. A highly respected trader and analyst, Larry Connors, developed and tested it.

It's a highly effective tool for short-term trading on mean reverting trading instruments.

Recommendations

  • Symbols: USDCAD and EURCAD
  • Timeframe: 15 Minutes.
  • Account Type: Any
  • Leverage: 1:100
  • Download the SET files in the comments section.

Features

  • Not sensitive to broker conditions, the EA works equally well on all accounts.
  • All trades are protected by stop-loss and take-profit.
  • Dangerous techniques like martingale, grid, averaging, etc., are not used.
  • Minimal and straightforward input parameters for the user.
  • No additional download is required. All the necessary dependencies are embedded in the EA.

How Does KT Connor's RSI Robot Work?

Connor's RSI is based on the classic RSI indicator. It is a momentum oscillator that ranges from 0 to 100. The Connors RSI is more volatile and faster-moving than other technical indicators.

It requires more extreme levels to identify when prices are overbought and oversold. The RSI usually sets 70 and 30 as the overbought and oversold levels. However, with Connor's RSI, it is preferable to use 90 and 10 for even more extreme levels.

The Connors RSI is calculated by combining three components: the traditional RSI, the up-down length, and the moving average.

The up-down length measures the magnitude of price changes. The moving average smoothes out the data. This provides a more accurate picture of the trend.

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KEENBASE SOFTWARE SOLUTIONS
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KT Pin Bar identifies the pin bar formation which is a type of price action pattern which depicts a sign of reversal or rejection of the trend. When combined with support and resistance, BRN and other significant levels, Pin Bar pattern proved to be a very strong sign of reversal. Basically, a pin bar is characterized by a small body relative to the bar length which is closed either in upper or lower 50% part of its length. They have very large wicks and small candle body. A pin bar candlest
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KEENBASE SOFTWARE SOLUTIONS
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KT Trend Magic shows the trend depiction on chart using the combination of market momentum and volatility. A smoothing coefficient is used to smooth out the noise from the signal.It can be used to find out the new entries or confirm the trades produced by other EA/Indicators. Usage Drag n drop MTF scanner which scans for the new signals across multiple time-frames. Find new entries in the trend direction. Improve the accuracy of other indicators when used in conjunction. Can be used as a dyna
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KEENBASE SOFTWARE SOLUTIONS
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KEENBASE SOFTWARE SOLUTIONS
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KT Inside Bar Advanced MT4
KEENBASE SOFTWARE SOLUTIONS
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Despite the popularity of inside bar pattern among the traders, using it as a standalone signal doesn't provide any edge in the market. KT Inside Bar Advanced indicator solves this problem by combining the classic inside bar pattern with the "ECE" cycle and Fibonacci extensions. Using this indicator in place of our classic inside bar indicator will provide a tremendous advantage and edge in the market. What is the ECE cycle? In financial markets, the price never moves in a straight line bu
KT Inside Bar Hunter MT4
KEENBASE SOFTWARE SOLUTIONS
Asesores Expertos
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KEENBASE SOFTWARE SOLUTIONS
Indicadores
Divergence is one of the vital signals that depicts the upcoming price reversal in the market. KT Stoch Divergence shows the regular and hidden divergences build between the price and stochastic oscillator. Limitations of KT Stoch Divergence Using the Stochastic divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it with price action and trend direction. Features Marks regular and hidde
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KEENBASE SOFTWARE SOLUTIONS
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KT RSI Divergence Robot MT4
KEENBASE SOFTWARE SOLUTIONS
Asesores Expertos
KT RSI Divergence robot is a 100% automated expert advisor that trades regular and hidden divergence built between the price and Relative Strength Index (RSI) oscillator. The divergence signals are fetched from our freely available RSI divergence indicator. Not every divergence ends up in a successful price reversal, that's why this ea combines the raw divergences signals with its inbuilt technical analysis module to exploit the price inefficiency that occurs after some selected divergence si
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