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RSI 2 Storm

How does it work?

IFR 2 Storm checks the value of RSI 2 for each new candle, making only buy entries. When RSI 2 is below the configured parameter, the first entry is made. If the configured take profit is not reached ([default] maximum of the two previous candles) by the close of the next candle, the second entry is made. If the take profit is not reached by the start of the next candle, the third entry is made. The stop loss is not calculated in price, the stop loss is calculated in candles (default 4 candles after the third entry).


Advantages:

  • Although this is RSI 2, the RSI period is adjustable.
  • The value that defines the oversold market is adjustable.
  • Candle amounts for adjustable stop loss.
  • Number of previous candles for calculating adjustable take.
  • Candle period is adjustable.
  • The calculation for the value used in the entries is flexible, the trader can choose between using fixed lot values, capital value (Dollar, Euro, Real etc...), or as a percentage of total capital.


How to use:

Set the RSI period, I suggest keeping the period 2, set the RSI value for oversold market, I suggest keeping it between 25-20, set how many previous candles the EA should use to calculate the maximum used as take profit, set how many candles should be used as stop loss, they are counted from the third entry;

To define the value used in the inputs, first define "Calculate the value of the lot in":

CAPITAL: Uses fixed values ​​in the pair currency, example XAUUSD "1st entry in capital value": 100 = 100 dollars will be used in the entry.

LOT: Uses the batch quantity to make entries, for example XAUUSD "1st Lot size": 0.1 will use 0.1 XAUUSD in the entry.

PERCENTAGE: Uses a percentage of the trader's available capital, example: Capital $1000.00 "1st entry percentage in capital value": 10 the value used in the entry will be $100.00.


Recommendations

  • Currency pair: XAUUSD, GOLD
  • Timeframe: 12H, Daily
  • Minimum deposit: $100
  • Account Type: Any


Risk Warning:

Before you buy RSI 2 Storm, please be aware of the risks involved. Past performance is no guarantee of future profitability (EA may also have losses). The backtests shown are highly optimized to find the best parameters, so the results are not transferable to real trading. Do not invest or risk money that you cannot afford to lose.


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EA STFX BINARY TECHNOLOGIES EA STFX Binary Technologies is specifically designed for Binary MT5 products Volatility Index 75 and 100 The Expert Advisor can be used for Full Automatic and Semi Automated trading. EA STFX has various strategies such as: Day Trade, Averagging , Martingale, Anti Martingale and or combine the two Trading positions can be closed easily using panels such as close profit only, close buy, close sell, close all transactions The choice of indicators for position entries us
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THE MAIN IDEA. First of all, this is the first of an EA family, based on same strategy applied to different indicators.  This means that the same strategy and same money management is applied to different indicators with spread main filtering.   All EAs are sensitive to TF, please optimize H4, H1, M30. There is great difference. Final goal is to design an EA with higher success rate possible, with lowest losses overall.    This peculiarity, will grow confidence in EA usage, for long term
#Multicurrency #Hedging #Martingale #28Symbols  @AUD @CAD @CHF @JPY @NZD @USD @EUR @GBP  In the globalisation process that the world economy has undergone in the last two decades, financial markets have played a leading role. The easy and fast access to information, together with the growing economic interdependence between the different commercial blocks, have caused more and more economic agents to participate in non-national financial markets. Even small investors, thanks to the Internet and
On Control EA MT5 V2 Game-Changing Software For The Forex Market  On Control EA was created to help traders like you maximize their income. How would you like to gain access to a world-class proprietary piece of software designed for one purpose, to improve your Forex strategy? Let’s be honest, it can be hard to understand which technical analysis & trading signals you should follow. With On Control EA, you now have a powerful tool that will enhance your Forex trading strategy & elevate your in
The adviser uses a strategy based on the use of 7 Envelopes  indicators, on each timeframe (M5, M15, M30, H1, H4) there are 7 Envelopes indicators. Trading is based on the “Price Action” strategy, the adviser searches for a simultaneous signal on 5 time frames: M5, M15, M30, H1, H4 and then opens an order. The EA uses the built-in Martingale and Averaging algorithm. The adviser uses economic news to achieve more accurate signals. Hidden Take Profit, Break Even and Trailing Stop are used. Attenti
THE MAIN IDEA. First of all, this is the third of an EA family, based on same strategy applied to different indicators.  This means that the same strategy and same money management is applied to different indicators with spread main filtering. All EAs are sensitive to TF, please optimize H4, H1, M30. There is great difference. Final goal is to design an EA with higher success rate possible, with lowest losses overall.  This peculiarity, will grow confidence in EA usage, for long term satisfa
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