EA RSI BOT v1.0 MT4 execute trades according to the Rsi indicator. It opens Get / Extensive when Rsi goes down below overSold amount and Offer / Quick when Rsi goes earlier mentioned overBought degree. It allows trader to vary Rsi settings, levels, lotsize, stoploss, takeprofit etcetera. Also, the EA gives Trailing stoploss, BreakEven, and Risk% lotsize to control trade efficiently and supply large gains.
The RSI EA is a robust expert advisor suitable Using the Metatrader 4 System, made to streamline your buying and selling system and increase your buying and selling revenue. By utilizing the popular Relative Strength Index (RSI) indicator, this EA identifies overBought and overSold market place conditions, enabling it to execute trades mechanically. With customizable parameters, traders can improve their configurations to locate the most effective combination.
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Entry Standards: The EA opens get or offer trades based upon the RSI inventory indicator. It triggers a Obtain / Very long trade if the RSI crosses under oversold (e.g. 30) along with a Sell / Short trade when RSI crosses above overbought (e.g. 70).
Exit Conditions: Trades is often closed on Takeprofit, Trailing stoploss or BreakEven.
StopLoss and TakeProfit: The EA enables you to established stoploss and takeprofit on your trades.