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RSI Trading System for MT4®

RSI Trading System

The expert advisor provides automated trading processes with the Relative Strength Indicator (RSI). It allows overbought/oversold zone detecting and trade opening based on these zones.

You can transform your trading processes into julie-andrews sweet. Would you like to try it?

Buy the modern RSI Trading Strategy for MetaTrader 4® that allows overbought/oversold zone detecting and trade opening based on these zones.

Works on MetaTrader 4®

MetaTrader®, MetaTrader 5®, MT4®, MT5® are the registered trademarks of MetaQuotes Software Corp. | 4xDev.com is not associated with MetaQuotes Software Corp.

The idea behind the Expert Advisor

The Expert Advisor checks the formed bars to cross overbought/oversold zones, therefore avoiding false signals.

The EA selects the trade opening point. It can be exiting or entering one of the zones.

The EA enters a long position if the RSI value crosses the zone level from top to bottom or vice versa, depending on the in-parameters.

The tool capabilities

The EA has all required functions to manage positions. In addition to StopLoss and TakeProfit, a trader can choose whether he should close a position by a counter signal or operate several positions of the same type.

Moreover, the trading robot will allow you to calculate all risks for the position. You can choose the lot calculation based on a fixed amount or a percentage of the balance/equity that you are not afraid to lose.

The input parameters

The EA parameters were divided into several specific categories.

In-parameters

In-parameters

The head parameters

“RSI Parameters”

“Alerts”

“Trade Parameters”

“Lot Size Parameters”

“Breakeven Parameters”

“Trailing Stop”

“Daily Trading”

“Work Time”

“Close Trades””

The example of the work

The example of the work

Technical Requirements

Here is what you need to run this EA:

  • A computer capable of running MetaTrader 4® desktop version;

  • MetaTrader 4® installed on your desktop or laptop computer.

Frequently Asked Questions

Do not sour — hang on the trading!

Important information

All Products are provided “as is” without any warranties regarding effectiveness, performance, or suitability for particular purposes. The actual performance of the Products could be different from the testing results and your expectations.

Please study all information about the Products carefully before purchasing.

The amounts paid for the Products are non-refundable.

4xDev assumes no liability for any direct or indirect losses resulting from the use of the Products.