LB and SB using RSI and Momentum - MetaTrader 4 Expert - MT4/MT5 Resources
Same as EA released previously . Additional code allows the user to set RSI and momentum parameters. As a guide, in the variable, if the RSI buy limit is set to 70, the EA will not place a pending buy order when the RSI is above 70.
Modification of the code is simple and even someone with limited coding knowledge can change the indicator to one of their choice. Below are the new lines.
Attachment download
📎 lrmb.mq4 (22.26 KB)
📎 srmb.mq4 (21.74 KB)
Source: MQL5 #16575
LB and SB using RSI and Momentum - MetaTrader 4 Expert Usage and Screening Advice
LB and SB using RSI and Momentum - MetaTrader 4 Expert is a resource related to Forex indicators. 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •