RSI EA (Relative Strength Index)


About the RSI EA

The RSI EA uses Relative Strength Index (RSI) to enter a trade.Entry strategy

The RSI EA has 2 entry strategies:

  1. Break in: The EA opens a trade if the RSI levels breaks into the oversold/overbought level.
  2. Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level.

Exit strategy

A long position will be closed if the RSI level gets above a specific level. A short position will be closed if the RSI level gets below a specific level.

Included functions

All versions have variable Magic Number, Take Profit, Stop Loss, Lot Size and Slippage.

Functions

Basic

Advanced

Pro

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

16 thoughts on “RSI EA (Relative Strength Index)

  1. Hi Yannick, I recently downloaded the Metatrader 5 Basic, but I´m not understanding whats the rsi parameters the ea is using to open positions. My RSI (14) has two levels: 30 and 70. So it should open a long position when the Relative Strenght is under 30 and a short position when over 70, right? But it seems that it´s opening aleatory positions, regardless the levels. Whats going on? I´m wondering if is possible to purchase the Metatrader 5 Pro, since it´s not listed above. The time/hour set is very important to me. Thanks a lot!

    1. Its difficult to help you with this in the comment section. Please create a new topic in the forum. The pro version is not yet available for MT5.

  2. Hello Yannick
    Thank you for your services I Bought the RSI pro EA , is it possible to change the levels of rsi to any number for example 45 and 55 ?

  3. Hi Yannick, what exactly do the “Inverse Strategy” and “Reverse on Opposite Signal” settings do with respect to the “Break in” or “Break out” settings and the Exit Strategy?

    Is it possible for example to use the “Break in” method, lets say a buy at 70, and have the trade exited when the RSI crosses back south through lets say 60?

    Thanks,

    Heiko

    1. You’ll find a description for these function here. Yes they work perfectly with both.

      Yes this is possible. If you have trouble finding the correct settings, you can start a new topic and I will help you.

      1. Hi Yannick, thanks for your reply. I figured it out now, it works great! The key point to know is that the “Inverse Strategy” true false settings are just reversing the buy/sell orders. That makes this EA really versatile. It’s a great product, I am very happy with the Pro-version.

        Regards,

        Heiko

  4. Hi Yannick
    Thank you for your services to the trading community. I am trying to understand how the RSI EA works…in the settings, on RSI level, there is a default setting of 30. My thinking is that if I’m using the breakout strategy, the setting of 30 applies only to buys. How does the EA setting accommodate sells at the 70 crossing from above?

    Looking forward to your advice.

  5. Just wanted to share my great compliments to Yannick !!

    I was highly surprised to notice yesterday that one long-term pro trader from whom I learned several very powerfull trading techniques is selling an RSI EA for way above 100$ with much (!) less features than the Pro version Yannick sells for (19.90 CHF). It is not just a Pro I refer to, he beats many other well known Pros. I was surprised to see him value his simplified RSI EA at way way above 100$. Looking at how much it can make, in the hands of an experienced trader, that price makes sense.

    I know many people not wanting or being able to spend 200-400$ for EA’s. With this post I want to make them aware that they should not underestimate the value of these EA’s because they are relatively very cheap.

    I just want to emphasize how much value Quivofx provides for little to nothing. It is not about the $$, but about the signal this sends out. For that reason, I am a proud user of Quivofx EA’s.

    Ü.D.

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Current versions:

  • MT4 Basic v1.04
  • MT4 Advanced v1.04
  • MT5 Basic v1.01
  • MT5 Advanced v1.01
  • MT4 Pro v1.02

Changelog:

Jan 13, 2016:

  • Minor updates and fixes in all MT4 versions

Nov 17, 2015:

  • Added: Second entry strategy – Break in, Break out (all MT4 versions)
  • Added: Exit strategy (only MT4 Advanced and MT4 Pro)
  • Added: Reverse on opposite signal (MT4 Pro)

Sep 24, 2015:

  • Initial release MT4 Pro

Apr 11, 2015:

  • Some improvements in all MT4 versions
  • Added “Max once per Bar” function to all MT4 Advanced and Pro versions

Feb 01, 2015:

  • Initial release MT4 Basic, MT4 Advanced, MT4 Basic and MT5 Advanced

More information

  • You can install the product on limitless demo and live accounts.
  • Note that this Expert Advisor does not draw any indicator on the chart.
  • You do not understand all the functions? Take a look at our function glossary.
  • The license of every product you download is time limited, but you can re-download newer versions any time in your purchase history.