Free Indicators, Expert Advisors (EAs) and Tools for Metatrader (MT4/MT5)

RSI EA – free version

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  • 12-03-2018 at 01:38 #266421
    Heather
    Member

    I made a few different templates. One with only buys/longs at level 30, one with only sells/shorts at level 70. The EA opened a sell trade on a template that is saved as a buy only. Any ideas why? My RSI level was also set to level 70 and it opened a sell at level 30, which I do not want… I want a sell at level 70 on a short/sell template and buy at level 30 on a saved buy/long template. Why aren’t these settings sticking and why is the EA not doing the settings I have saved?

    Also – what is the difference between “break in” and “break out”. I reviewed the glossary and did not find these definitions. perhaps this is my issue ??
    I think it can be a great EA and I’d really like for my settings to work.

    22-03-2018 at 13:51 #278257
    Yannick
    Keymaster

    Can you your upload your settings?
    https://quivofx.com/school/settings-file-set/

    breakIn means, the EA will trade as soon as the signal line break into the oversold or overbought level. breakOut means, the EA will trade if the signal line leaves this area.
    It’s the same functionality as in the Stoch EA

    26-11-2018 at 04:03 #485122
    Marcelo Nascimento
    Member

    I have a question about ea. In the level field only has 30. How do I change level 70? If I change level 30 to 31 the 70 goes to 69? How overbought and oversold works to set up beyond the 30 and 70 standard

    27-11-2018 at 11:49 #485756
    Yannick
    Keymaster
    Marcelo Nascimento wrote:

    I have a question about ea. In the level field only has 30. How do I change level 70? If I change level 30 to 31 the 70 goes to 69? How overbought and oversold works to set up beyond the 30 and 70 standard

    Yes, if you set it to 31 the overbought level will be 69. You can’t change this behavior. The overbought level will always be 100-oversold level.

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