Exp_RSI - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Real author: Khrestov Vladimir

The simplest EA trading based on RSI. Sell ​​when the oscillator crosses downward from overbought levels and buy when the oscillator crosses upward from oversold levels. When the bar is broken and closed, an entry signal is formed.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

This EA was originally written in MQL4 and was first published in the code base on August 4, 2016.

Figure 1. Example of trade on chart

2015 GBPUSD H4 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (178.23 KB)

📎 exp_rsi.mq5 (15.82 KB)

Source: MQL5 #16855