Introducing EXSR – Extreme Strength Reversal
Version: 1.0
Platform: MetaTrader 5
Description:
Meet EXSR, the Expert Advisor that specializes in spotting market reversals right when you're likely to see the most exhaustion. This EA combines a high-threshold RSI (with oversold levels below 20 and overbought levels above 80) and price breakouts beyond the Bollinger Bands (20, ±2), confirming your entry with a reversal candlestick pattern.
Key Features of EXSR
- Dual-Indicator Filter:
- RSI(14): This tool identifies extreme overbought or oversold conditions in the market.
- Bollinger Bands: Ensures the price has broken through the outer band, adding an extra layer of validation.
- Reversal Confirmation:
- When going long, the previous candle must close bullish after an oversold band break.
- For short positions, look for a bearish close following an overbought band break.
- Fixed SL/TP:
- Customize your Stop Loss (default at 150 pips) and Take Profit (set at 300 pips) right at the order entry.
- Single-Position Logic:
- Only one active trade per symbol at any time, helping you avoid conflicting positions.
- Clean OOP Code:
- Utilizes CTrade for smooth order placement and buffer arrays for indicator data, featuring modular functions like CopyData, CheckBuySignal, and CheckSellSignal.
Input Parameters
- MagicNumber (ulong): A unique ID for your EA.
- Lots (double): Sets your fixed position size.
- StopLoss_pips / TakeProfit_pips (int): Defines your SL/TP in pips.
- BB_Period / BB_Deviation (int/double): Customize your Bollinger Bands settings.
- RSI_Period / RSI_Overbought / RSI_Oversold (int/double): Set parameters for your RSI indicators.
EXSR is perfect for traders looking for systematic counter-trend entries, complete with clear over-extension filters and strict risk management. Dive in and take your trading game up a notch!
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