EA RSI BOT v1.0 MT4 execute trades based on the Rsi indicator. It opens Purchase / Prolonged when Rsi goes underneath overSold degree and Sell / Short when Rsi goes above overBought stage. It permits 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 higher revenue.
The RSI EA is a robust expert advisor suitable with the Metatrader 4 platform, meant to streamline your trading approach and improve your investing earnings. By using the popular Relative Energy Index (RSI) indicator, this EA identifies overBought and overSold sector situations, allowing for it to execute trades automatically. With customizable parameters, traders can optimize their settings to find the very best mixture.
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Entry Standards: The EA opens obtain or offer trades dependant on the RSI inventory indicator. It triggers a Get / Very long trade if the RSI crosses under oversold (e.g. 30) and a Provide / Small trade when RSI crosses earlier mentioned overbought (e.g. 70).
Exit Requirements: Trades may be shut on Takeprofit, Trailing stoploss or BreakEven.
StopLoss and TakeProfit: The EA means that you can set stoploss and takeprofit for your trades.