EA RSI BOT v1.0 MT4 execute trades based on the Rsi indicator. It opens Invest in / Long when Rsi goes below overSold amount and Provide / Small when Rsi goes higher than overBought degree. It enables trader to vary Rsi options, 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, designed to streamline your trading course of action and maximize your trading income. By making use of the favored Relative Toughness Index (RSI) indicator, this EA identifies overBought and overSold industry ailments, permitting it to execute trades routinely. With customizable parameters, traders can improve their options to discover the most effective mix.
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Entry Requirements: The EA opens acquire or promote trades depending on the RSI stock indicator. It triggers a Purchase / Extended trade when the RSI crosses below oversold (e.g. thirty) and also a Market / Quick trade when RSI crosses over overbought (e.g. 70).
Exit Criteria: Trades is usually closed on Takeprofit, Trailing stoploss or BreakEven.
StopLoss and TakeProfit: The EA permits you to established stoploss and takeprofit for your personal trades.