Expert Advisor based on RSI, kijun-sen(from ichimoku cloud), and schaff trend cycle.
Requirements for BUY order:
1. RSI has gone below specified oversold area.
2. Schaff trend cycle changes from sell signal to buy signal
3. Price is above the kijun-sen.
When these 3 requirements are met in that order, a BUY order is placed
Requirements for SELL order:
1. RSI has gone above specified overbought area.
2. Schaff trend cycle changes from buy signal to sell signal
3. Price is below the kijun-sen.
When these 3 requirements are met in that order, a SELL order is placed
Exit out of BUY position:
Option 1: RSI reaches the overbought area, close position.
Option 2: Schaff trend cycle changes from buy to sell.
Option 3: Take profit target is reached.
Exit out of SELL position:
Option 1: RSI reaches the oversold area, close position.
Option 2: Schaff trend cycle changes from sell to buy.
Option 3: Take profit target is reached.
Option to Adjust:
RSI period
RSI overbought and oversold
Schaff trend cycle timeframe
Lot size
Stop loss(pips away from opening candle high/low)
Take profit(pips away from opening candle high/low)
Note:
The EA should work on all timeframes.
The EA would be running on multiple symbols simultaneously.
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