Advanced Rsi Grid Hedge Mt5

Advanced Rsi Grid Hedge is an expert advisor created to enter the market at times of high probability of a short-term market reversal into overbought or oversold zones, but in the direction of a major trend. 

The robot uses a grid hedging system. This bot does not use martingale.

The Bot is very simple, it uses two RSI indicators to define the entry signals. This also has a trend filter that looks for the best conditions to trade.

MT4 Version: https://www.mql5.com/es/market/product/85309

The bot has the following inputs:

• Max Drawdown Percentage – If the current float drawdown exceeds the specified %, the EA will close all positions and the EA will be locked for 72 hours or until the user reloads the EA.
• MaxSpread : Spread filter to avoid trading during bad market conditions (set this input according to your broker's instrument properties, if maxpread is too low, maybe the bot won't open trades)
• Vol : If you use 0.01, the EA will use 0.01 lots for every X amount of balance (set in LotStep).
• LotStep : So a LotStep=250 and a Vol=0.01 would mean: 0.01 lots for every $250 in the account.
• GridStep : Interval in points against the trend grid.
• GridTPmin : It is the minimum amount of points earned to close orders.
• PpalTF: It is the timeframe of the main RSI.
• PpalPeriod: It is the period of the main RSI.
• Ppallevel: It is the entry level for the main RSI.
• Use OverboughtOversold Filter: True or false. (If true, less trading volume but less drawdown too).
• SecTF: It is the time frame for the secondary RSI.
• SecPeriod: It is the period for the secondary RSI.
• Secllevel: It is the entry level for the secondary RSI.
• SMART_TREND: Select true or false to use or not use the built-in trend filter (Recommended Value = True).

Recommended pairs with default settings GBPUSD, CHFJPY, AUDUSD, EURNZD, GBPCAD, USDCHF.  mínimum capital 1000 USD and Max DD=20%

It is recommended to use the EA in brokers with low margin, low commission and fast execution.