Basic Rsi Template EA – expert for MetaTrader 4

Basic RSI Template EA – Market entries by signal from Relative Strength Index indicator, basic default values of overbought 70 and oversold
30.  It’s a template to use for further study or develop as you like.This template has all basics including money management to be fully
functional in trading operations but of course with the lack of important trading checks and market entry rules such as new bar function. As
is, the adviser open a trade as soon there are a given signal without waiting for a new bar or anything else…

You can expand the signal function, adding more to it or maybe you want other indicator(s) then RSI. Adding trailing stop if you want to secure
your profits at certain levels and much more….

Have fun 😉

adviser settings

rsi_template_settings

on chart

rsi_template_chart

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  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • 1. Open the MT4 trading software – “File” – “Open Data Folder” in the upper right corner
  • 2, find the “MQL4” 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
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