RSI.. EA version 2

For day traders. 2 highly important indicators to turn strategies into extreme winning ones. The Win/Loss ratio and the Reward/Risk ratio will allow us to identify the best times and days our strategy works the best

For example, if we run a bar in town, we don’t actually open it in the morning or in the afternoon because no one will come to have a drink. We will open it between 10 PM and 3 AM because during this period lot of customers will come for a drink. We might also want to consider that it is best to open the bar on Fridays and on Saturdays because people don’t have work the next day.

So, when we want to run a strategy (i.e. when we want to run a bar) we must examine it to know what is the best time and days to trade this strategy? (i.e. what is the best period that customers will come to have a drink).

HOW TO USE IT :

You can check the following video that will explain how to

• install and run the script,
• analyze historical data retrieve the gold information about our strategies.
  

PARAMETERS :

This script has 3 inputs, which are

• The Starting Date: to set the range of our analysis from a starting date till now.
• The Win/Loss Ratio: by defaut, it is set to 40% and
• The Reward/Risk Ratio: by default, it is set to 2.
  

OTHER TRADING TOOLS

1. I've already published a script on best DAY to trade (https://www.mql5.com/en/code/31465).

You can check also the following video on that will explain how to

• install and run the script,
• analyze historical data and convert it into a column chart
  

PARAMETERS :

This script has 1 input, which is the number of trading days.

2. I've already published a script on best TIME to trade (https://www.mql5.com/en/code/31593).

You can check also the following video on that will explain how to

• install and run the script,
• analyze historical data and convert it into a column chart 
• integrate this information into your strategy