Swallowing RSI - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Enter a buy position on a bullish engulfing candle when the RSI is above overbought; sell on a bearish engulfing candle when the RSI is below oversold.
When the account's profit reaches the desired level, it closes all orders.
Attachment download
📎 seatwrsi.mq4 (2.62 KB)
Source: MQL5 #19180
Swallowing RSI - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Swallowing RSI - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources belong to MT4 EA 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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