PriceActionAi RSI ft BB SPA
This EA is intended to assist with surveying and trading performance statistics with RSI Indicator ft BB Indicator .
Caution: This EA should be used for testing, statistical and analytical purposes. It is not recommended to use it as a true trading robot, unless you have an effective plan with it.
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Conditions of entry
Only one order at a time can be opened, at the end of the order can the next order be opened
When the Bollinger Bands Mode is turned on The Band Upper value minus the Band Lower must be greater than or equal to the configured Range UL value
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BUY order conditions
When the RSI value is less than or equal to the configured RSI value Also when the Bollinger Bands Mode is turned on At the same time the Ask price is within the Band Lower value plus the configurable Spin value and the Band Lower value minus the configuration Spin value.
In Reverse mode, the SELL command will be opened instead of the BUY command.
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SELL order conditions:
When the RSI value is greater than or equal to the configured RSI value Also when the Bollinger Bands Mode is turned on Bid price is in the range of Band Upper value plus configurable Spin value and Band Upper value minus configuration Spin value.
In Reverse mode the BUY command will be opened instead of the SELL command.
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Configuration parameters
2.1. Basic parameter group
A. System Settings
- Day of week: Day of the week
- Trading Hours: Hours of the day
- Minute Min: From minutes
- Minute Max: Up to the minute
- Magic number: EA ID number
B. Trading Settings
- Balance stop percent (0 = No Stop): Trade stop level. Once the profit / loss is loaded at this%, the EA will stop running.
- Reverse: Reverse
- Spread Limit (in points): The maximum spread when checked for entry
- Slippage Limit (in points): Maximum price slide when entering the order
C. Volume Settings
- Money management (LOT or RISK): Capital management
- In the case of choosing LOT: The value for money management: is quantity (eg: 0.01)
- In the case of choosing RISK: The value for money management: is a percentage (Example: 1)
D. SLTP Settings
- Stop Loss (in pips): Stop loss
- Take Profit (in pips): Take Profit
E. Trailing Stop Settings
- When the current bid / ask price is about 1 distance from the initial set SL point by Trailing Stop + Trailing Step, then drag SL 1 about Trailing Step, following the direction of trend development.
- Trailing Stop (in pips, 0 = No Trailing): Stop loss
- If Trailing Stop is 0, this function will not work
- If Trailing Stop is different from 0, then Trailing Step must be entered
- Trailing Step (in pips): The jump range of the SL
2.2. Parameter group characteristic
RSI Trading Settings
Period: The average number of candles
Applied Price: Applied moving averages with candle prices. The default value is Close
Close
Open
High
Low
Median Price (HL / 2)
Typical Price (HLC / 3)
Weighted Close (HLCC / 4)
Value Check For Buy (<=): The configuration value checks the conditions for entering the Buy order
Value Check For Sell (> =): The configuration value checks the condition of the Sell order
Bollinger Bands Trading Settings
Period: The average number of candles. Default value is 20
Shift: Indicator parameter. Default value is 0
Deviation: Standard deviation. The default value is 2
Applied price: Applied moving averages with candle prices. The default value is Close
Close
Open
High
Low
Median Price (HL / 2)
Typical Price (HLC / 3)
Weighted Close (HLCC / 4)
Range Band Upper to Lower Check (> =) (in pips): The distance between the upper band and the lower lower band (in pips)
Bollinger Band Spin Price Check Open Position (in points): The distance from the Bid Ask price to the Band Upper or Band Lower (in pips)
Good luck and Happy trading.
