Unlock Trading Potential with the RSI EA
Strategies for Success
Trading Strategy:
- Utilizes an RSI-based mean reversion approach
- Customizable overbought (default 80) and oversold (default 20) levels
- Automatic detection of signals when RSI crosses set thresholds
- Closes positions when the opposite signal emerges
Risk Management:
- Choose between fixed or percentage-based position sizing
- Risk calculations can be based on Balance, Equity, or Free Margin
- Set minimum and maximum lot size limits
- Control the maximum number of open positions
Stop Loss & Take Profit:
- Fixed stop loss and take profit in points
- Dynamic SL and TP based on ATR volatility
- Adjustable volatility multipliers for SL and TP settings
- Option to disable SL/TP (set to 0)
Advanced Features:
- Scale-Out: Take partial profits at customizable volatility levels
- Session Filter: Limit trading to specific hours (based on broker time)
- Volatility-based Position Sizing: Manage positions dynamically using ATR
- Control slippage and spread effectively
Configuration Options:
- Assign a magic number for compatibility with multiple EAs
- Customizable trade comments for better tracking
- Fully optimizable trading parameters
- Built-in optimization score for profit/drawdown ratio
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