The simplest RSI-based EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Expert Advisor based on RSI. Sell at the downward cross of 70 and buy at the upward cross of 30.
Levels, Stop Loss and Take Profit can be specified in the EA settings.
Attachment download
📎 cm_rsi.mq4 (2.22 KB)
Source: MQL5 #16069
The simplest EA based on RSI - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resource usage and screening suggestions
The simplest RSI-based EA - 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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