RSI Levels Expert Advisor – expert for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Classic trading strategy based on RSI levels. Buys when RSI is oversold and sells when RSI is overbought.

    Examples

    Trades with AutoLot based on % or Risk per Trade. Has options to change Stop Loss and Take Profit in points.

    inputs

    This code can be used in both MetaTrader5 and MetaTrader4. Just change the file extension from .mq5 to .mq4 and
    compile the file again.

    The EA is automatically generated with Mission Automate – visual strategy builder. More info: https://www.mql5.com/en/articles/4951

    • 1. Open MT5 trading software – “File” – “Open Data Folder” in the upper right corner
    • 2, find the “MQL5” folder – “Experts”, put the EA in this folder
    • 3, need to refresh or restart the trading software to display EA, find “EA” in “Navigation” – “EA Trading”
    • 4, find the EA you need to use, right click the mouse, select “attach to the chart” (additional chart: EA uses the currency to be linked, if you need to hang Europe and America, please attach to the AUDUSD chart)
    • 5. After adding the chart, set the EA parameter. In the “Common” option, select “Multi-empty position” and check the box in front of “Allow real-time automatic trading”
    • 6, in the “input parameters”, set the relevant parameters, generally modify the number of single hand, jiacang distance, loss ratio, 10,000 US dollars according to the minimum parameter settings, after setting “confirm
    • 7. After setting the EA parameters, start the EA. In the “Tools” – “Options” – “EA” – check “Allow DLL import” to confirm