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MetaTrader 5 / Experts

Trade on qualified RSI - expert pour MetaTrader 5

Scriptor
7374
(29)

Author of the idea — John Smith, author of the MQL5 code — barabashkakvn. 

A trade strategy based on the RSI indicator. Checks if there is enough money before opening a position.

Initial check:

  • to open BUY: R‌SI on bar "1" < 45
  • to open SELL: R‌SI on bar "1" > 55

Confirmation of opening: 

  • to open BUY: R‌SI on bars from "2" to "2"+"CountBars" < 45
  • to open SELL: R‌SI on bars from "2" to "2"+"CountBars" > 55

Position modification: uses the close price of the bar "1" as the basic value.

The EA shows the following results on H1 with default parameters:

‌Trade on qualified RSI result

Traduit du russe par MetaQuotes Ltd.
Code original : https://www.mql5.com/ru/code/17849