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PZ RSI Trader EA MT5

This EA trades using the RSI Indicator. It offers many trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to use and supervise
  • It implements three different entry strategies
  • Customizable break-even, SL, TP and trailing-stop
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Trading can be NFA/FIFO Compliant
  • Implements a martingale and inverse martingale features
  • Customizable indicator settings
  • Filter trading by forex sessions
  • Built-in money management

The EA implements the following entry strategies, that can be enabled or disabled at will:

  • Trade when the RSI Indicator is oversold or overbought
  • Trade when the RSI comes back from an oversold or overbought condition

Four different trading behaviors are available in the EA inputs:

  • Regular: The EA will buy at bullish signals and sell at bearish signals
  • Inverse: The EA will sell at bullish signals and buy at bearish signals
  • Only Buy: The EA will buy at bullish signals and disregard bearish signals
  • Only Sell: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will risk % of the account on each trade
  • Martingale: The EA will double the lotsize after a losing trade
  • Inverse Martingale: The EA will double the lotsize after a winning trade


Input Parameters

  • Indicator Settings - Enter your desired RSI input parameters and oversold/overbought values.
  • Position Management - This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
  • Trading Settings - Select trading direction and trading scenarios to trade.
  • Session Settings -Enable or disable trading for the Asian, European or American sessions, as well as trading week days.
  • Filter Settings - This parameter group allows you to enable or disable multi-timeframe logic for the trades. For example, if you want to trade on the H1 chart confirmed by the D1 RSI, load the EA on the H1 chart and set D1 Filter to true.
  • Money Management - In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended. You can also enable NFA/FIFO compliant trading
  • EA Settings - You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.

What to expect

This EA is a general purpose tool which success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not claim to do so. It is up to you to find the best parameters for each symbol and timeframe using the strategy tester.

Author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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Herlina Sari
Experts
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Experts
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4.7 (27)
Experts
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Xian Qin Ceng
5 (6)
Experts
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5 (1)
Experts
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Abdul Jalil Mridah
4.33 (3)
Experts
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
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Ho Tuan Thang
3.73 (26)
Experts
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3.75 (8)
Experts
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Lo Thi Mai Loan
Experts
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Lo Thi Mai Loan
4.33 (21)
Experts
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chatwithisuru 2023.08.10 05:38 
 

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Shipud16
149
Shipud16 2022.09.25 14:57 
 

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