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Insidious Me

4
This EA uses the RVI Crossovers. A crossover above the signal line is a bullish indicator, while a crossover below the signal line is a bearish indicator.

The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis. It measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA).

The Relative Vigor Index is considered a leading indicator, meaning it changes before the trend changes. The RVI signals that a trend change is likely in the future when its value diverges from the current behavior of the asset's price.

The Relative Vigor Index is a momentum indicator. 


Parameters of iRVI


symbol = _Symbol

[in] The symbol name of the security, the data of which should be used to calculate the indicator. The NULL value means the current symbol.

period = PERIOD_M5 or PERIOD_H1

[in] The value of the period can be one of the ENUM_TIMEFRAMES values, 0 means the current timeframe.

ma_period = 26

[in]  Averaging period for the RVI calculation.



Inputs

Account Number - This feature to prevent user from running the EA on the wrong account when user have more than 1 account.

Timeframe Low - Timeframe for the Buy/Sell signals. Default M5.

Timeframe High - Timeframe for trend direction on higher timeframe. Default H1.

Maximum Buy - Default 3 positions.

Maximum Sell - Default 3 positions.

Lot Increment - Lot increment for the next position when the current position is floating. Default 0.01.

Entry Take Profit - Default 10,000

Entry Stop Loss - Default 0

Take Profit Method - Default Signal. EA will close the positions when the signal reversed. None - Positions closed by Entry Take Profit. Trailing - EA will update the Stop Loss of the positions to guarantee the position is on profit when direction reversed.   



Back Tested from Jan'24 - May'24 on XAUUSD on leverage 1:500,  Modelling Every Tick based on real ticks, zero latency delay.
Comentários 1
Raoul Paul Xavier De Jong
1122
Raoul Paul Xavier De Jong 2024.06.29 07:04 
 

It's an OK EA, need to use proper money management or you will blow your acc.

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Lo Thi Mai Loan
4.79 (19)
Experts
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Marek Stanislaw Zygala
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Experts
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Dilwyn Tng
4.83 (24)
Experts
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Experts
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Profalgo Limited
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5 (2)
Experts
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Raoul Paul Xavier De Jong
1122
Raoul Paul Xavier De Jong 2024.06.29 07:04 
 

It's an OK EA, need to use proper money management or you will blow your acc.

Bin Jumahat Johan
3066
Resposta do desenvolvedor Bin Jumahat Johan 2024.06.29 07:16
Thanks for the feedback.
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