RSI Eraser - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
EA trading is based on the RSI (relative strength index, RSI) indicator signal. Inspired by the forum topic https://www.mql5.com/ru/forum/219752 (in Russian).
The position size is calculated as a percentage of available margin and the stop loss is specified in the input parameters.
Attachment download
📎 rsi_eraser.mq5 (35.34 KB)
Source: MQL5 #19414
RSI Eraser - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI Eraser - MetaTrader 5 Expert | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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