This is a modification of the first RSI EA version. Time control has been added in this version (you can set a time interval within a day as well as with a transition though a day). Time control is configured using parameters Use time control, Start hour and End hour. Trailing stop has been added. Position opening functions have been extended. The Expert Advisor performs operation on every tick. The EA opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
The Expert Advisor will buy when the RSI indicator enters the oversold zone, and will sell when RSI enters the overbought zone.
- OpenBUY, OpenSELL — now you can configure only buy, only sell or both directions.
- CloseBySignal — you should set Stop Loss or Take Profit if ClosebySignal = false.
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
(Free MT5 Indicators Download)
Enter Your Email Address below, download link will be sent to you.