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I need an EA simply operate with RSI indicator.
The EA able to open multi orders, multiplies lot size, and maximum lot size control.
This EA need an info panel show me all status, balance, equity, and profit / loss.
Entry point:
Example – SELL
- In the RSI indicator, when the blue line from high crosses low into <70 RSI, open SELL order at next open price.
Multi orders:
Example – SELL
- After the 1 st order start, every candle if hit new high of previous all candle, open a new order for once at single candle.
- So that the new order only will be always higher high.
Multiplies lot size:
- The 1 stRSI entry will be the basic lot size.
- The multi orders of the 1 stRSI entry will also open by the basic lot size.
- The 2 ndand above RSI entry, the entry price must be higher (for SELL) than previous RSI entry starting order.
· If the condition cannot fulfil, not consider as an RSI entry, do not open order for current signal.
· If the next signal can fulfil the condition, then can consider it is the next RSI entry.
- The 2 ndand above RSI entry will start multiplies the lot size.
- After 2 ndor above RSI entry, the multi orders will open by the state, even multi orders of the 1 stRSI entry.
· I mean multi orders of the 1 stRSI entry reached 2 ndRSI entry state, will open same lot size of 2 ndRSI entry lot size.
· When reached 3 rdRSI entry, multi order of 1 stand 2 ndRSI will increase to 3 rdRSI entry lot size. And so on ….
- When the multiplies lot size increase and hit to the maximum lot size control, the following open orders just open with the maximum lot size.
Exit point:
Example – SELL
- In the RSI indicator, when the blue line from low crosses high into >20 RSI, use the “0” candle lowest price set a pending orders to close all SELL orders.
- If in the period the orders didn’t close, and the next exit signal shown again, depend which pending order is lower, use the lowest as the exit point.
Input and setting
- Basic lot size
- Multi lot size
- Maximum lot size
- RSI setting for entry / exit
- Pending order for exit point