The RSI Trend Strategy is a simple Expert Advisor based around using the RSI indicator as a trading signal. When the RSI breaks above 73 or dips below 27, the Expert Advisor puts in an order to buy or sell the pair. The Expert Advisor uses ATRs to set exit prices. When a trend is entered, the stop loss is set three ATRs behind the entrance price. When the price moves in favor of the trader more than three ATRs, the stop loss is set to break even. If the trade continues to work, a trailing stop of three ATRs is used to eventually close out of the position.
Average true range is a measure of volatility that more accurately measures volatility in markets prone to gapping such as Commodities and Forex.
Function library and Experts for… The algorithm for maintaining and closing a position is known to be almost more important that the rules for opening…
Visual Order Processing - EA… Order_EA is a simple visual oriented program that uses drag & drop scripts to control order processing. Take Profit and…
MetaCOT 2 CFTC ToolBox (Set of… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
MQL5 Wizard - Trade Signals… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
Self Optimizing RSI or MFI… It is a dream of mine to have a robot that optimized itself, that way I would know that it…
Simplest Hedging EA ever - EA… This EA comprises only 20 lines of code, and does all its trading in two lines! if there is a…
MQL5 Wizard - Trade Signals… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
