RSI EA - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
RSI EA — trades based on overbought/oversold areas determined by the iRSI (Relative Strength Index, RSI) indicator.
The author of the idea is Siti Latifa , the author of the MQL5 code is Balabashkar Kong .
When the RSI indicator enters the oversold zone, the EA will buy, and when the RSI enters the overbought zone, the EA will sell.
Example of a buy signal:
Example of sell signal:
Attachment download
📎 rsi_ea.mq5 (24.15 KB)
Source: MQL5 #17284
RSI EA - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI EA - 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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