Five hundred twenty nine

Five hundred twenty nine
RSI-Based Grid Trading System for EURUSD, M5

The Five hundred twenty nine Expert Advisor is an algorithmic trading system designed for EURUSD on the M5 timeframe. It uses RSI indicator signals combined with standard deviation slope analysis to determine entry points. The robot builds positions using a grid approach, opening additional orders only when specific technical conditions are met and a minimum distance from previous trades is maintained.

The EA is optimized for short-term trading in moderate volatility conditions. It is recommended for accounts with low spreads and fast execution. The minimum recommended deposit is $500.

Key Features:

• Entry based on RSI signals (overbought and oversold zones)

• Trend confirmation using standard deviation slope analysis

• Controlled grid building with a defined step between orders

• Automatic lot increase depending on the number of existing orders

• Each trade includes fixed take profit and stop loss levels

• Option to limit the maximum number of trades in one direction

• Margin and condition checks before opening each trade

• Strict entry validation to avoid random or impulsive trades

Recommended Conditions:

• Trading instrument: EURUSD

• Timeframe: M5

• Account type: ECN or Raw Spread

• Minimum deposit: $500

Input Parameters Description:

• LotSize : Initial lot size for the first trade in a series

• Slippage : Maximum allowed slippage (in points)

• TakeProfit : Take profit level in points

• StopLoss : Stop loss level in points

• Distance : Minimum distance between grid orders (in points)

• MaxOrders : Maximum number of open orders in one direction

• ChannelPeriod : Period used for standard deviation calculation

• RSI_Period : RSI indicator period

• RSI_OverBought : RSI level above which a sell signal is considered

• RSI_OverSold : RSI level below which a buy signal is considered

• MagicNumber : Unique identifier for the EA’s orders