Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
RSI EA ΜΤ4 is a unique, fully automated Expert Advisor for trading the well known and extremely efficient Relative Strength Indicator, being able at the same time to control your trading account's profit and/or loss at a basket level, for all your open positions combined. RSI EA MT4 has 4 different strategies for trading the Relative Strength Indicator, open trades on RSI extremes on live bar, open trades on RSI extremes on closed candle and open trades on RSI level crossing. This last strategy is a unique approach of the Relative Strength Indicator, since its a trend following strategy and not a reversal one. This EA comes with provided set files for many symbols, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to make any necessary time adjustments to fit your broker/account.
Advice: None of my EAs are miracle products capable of predicting the market. Instead, they are honest, well-coded expert advisors designed to win more than they lose. They do not employ martingale or grid strategies, which means their results won't consistently show an upward profit curve; there may be ups and downs. Success with them requires patience and discipline. My general recommendation is to test all the provided set files in your strategy tester. If you discover any interesting results, consider making a purchase. I regularly optimize all my EAs and release new set files twice a year. Additionally, at the end of each month, I assess the performance of all the provided set files and offer new suggestions based on the symbols that have performed the best over the last 2-3 months. I advise you to trade only with the best-performing set files, limiting your risk to 0.5% or 1% per symbol, rather than using all of them. For my latest recommendations, please visit the backtests & set files blog by: clicking here.
Product Installation | RSI EA MT4 Settings/Inputs Guide | RSI EA MT4 Backtests & Set Files | Update of a Purchased Product
Features
- Martingale, Grid, Averaging or other dangerous techniques are not used
- RSI level live bar (once per candle) trade opening
- RSI level closed candle trade opening
- RSI level crossing trade opening
- Single or multiple orders per trading session
- Net Asset Risk option, for extra account protection
- Unique previous daily range Candle Filter
- SL, TP, BE and Trailing SL levels in Points and in Percentage of the Average Daily Range
- Hard and Virtual Take Profit and Stop Loss levels
- Basket TP, SL, BE and Trailing SL in % for all open positions combined
- Optimized set files for many symbols
- 100% automated Expert Advisor
- MQL5 VPS compatible
I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.
Check all my products: https://www.mql5.com/en/users/eleanna74/seller
Contact me for support: https://www.mql5.com/en/users/eleanna74
#tags rsi ea expert advisor relative strength index ea expert bot relative strength index profitable rsi crossing strategy
