RSI EA – expert for MetaTrader 4

This Expert Advisor is based on overbought and oversold levels.

EA will buy when RSI is in the oversold and sell when RSI is in the overbought zone.

Update (2015.09.28):

  • TrailingStop has been added.
  • TrailingStop will active ONLY IF TrailingStop>0.
    input double   TrailingStop=0;
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Update (2015.09.09):

input bool   OpenBUY=True;
input bool   OpenSELL=True;
input bool   CloseBySignal=True;
  • OpenBUY, OpenSELL — now you can set for sell only or buy only or both.
  • CloseBySignal — it means you must set Stop Loss and Take Profit (if ClosebySignal = false ).

Backtest results

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