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:
- Break in: The EA opens a trade if the RSI levels breaks into the oversold/overbought level.
- Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level.
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.
All versions have variable Magic Number, Take Profit, Stop Loss, Lot Size and Slippage.
|Trade on new Bar|
|2 entry strategies|
|MA Trend Filter|
|Trade max. once per Bar|
|Reverse on opposite signal|
- MT4 Basic v1.04
- MT4 Advanced v1.04
- MT5 Basic v1.01
- MT5 Advanced v1.01
- MT4 Pro v1.02
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
- 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.
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