RSI/Money Flow Index BREAKOUT

MQL5 Esperti

Lavoro terminato

Tempo di esecuzione 5 giorni

Specifiche

Breakout RSI/Money Flow Index (POC)

-General-
Magic
Max Spread
Comment
-Money Management-
1.Lot calculation (Fixed Lot/Balance/Risk%)
2.Lot size (X) 
[X = fixed lot, X lot per 1000 balance or risk%, 1=1% risk.]

-Entry Rules-
INDICATOR (RSI/MFI)
PERIOD (X)
Breakout Low Level(X) [for buy]
Breakout High Level (X) [for sell]
Applied Price (Close/Open/High/Low/Median/Typical/Weighted)
Breakout Hysteresis (X)
Reset Level (X)
Use Only Close Bars (True/False)

--------
We set 4 parameters: Breakout Low Level to 30, High Level to 70 and Breakout Hysteresis to 5, Reset level.

if the value of RSI touches area below 25 or is equal to (25 comes from "RSI Breakout Low Level" minus "Breakout Hysteresis") indicator saves a fact of oversold state in memory and waits until "RSI Breakout Low Level" (=30) is crossed,
if RSI goes above Low Level (>30) it triggers alert to BUY (immediately or after closing the bar on specified timeframe, depending on "Use Only Closed Bars" - if "False" it alerts immediately),
if the RSI goes up further and touches 50, the alert state is reset (>=50) and another alert may occur when the RSI touches overbought or oversold zone and returns to neutral zone again.
In case of overbought it's similar, but inverted - the price goes down and crosses the hysteresis zone back to the neutral zone and gives SELL.
------


-Exit Rules-
Trailing Start (points)
Trailing Step/Distance (points)
TP (points)
SL (points)

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