Sterling Challenge 1 (Sterling Challenge 1) | Foreign Exchange EA Download- MT4/MT5 Resources

Update file:

You can set some parameters at the input.

Hello fellow 4H 5EMA thread fans,

In order to make FF more interesting, I accepted the Sterling challenge.

I love creativity and have created a lot of EAs. Let EA become a hobby now.

For Sterling Challenge 1, the system I set up here is very simple:
I've done backtesting, but not forward testing yet.

The results are in the attachment.

Starting next Monday I will try it out with forward testing (live demo).
If it's profitable under Sterling's terms, we'll start counting in a week or so.

The following are the system rules:

1) Open GU with TF M15
2) Set RSI(4) closing price, 75 and 25 levels

3) Buy: When the RSI value is less than 25 and a new bar is formed
4) Sell: when the RSI value exceeds 75 and a new bar is formed
5) Only one transaction can be made per bar.

6) Exit when the total trading profit exceeds 10 points.
7) When exit conditions are met, close all transactions. (That's why I have to use EA to manage closing positions).

That's it.

You can try this manually or I will attach the EA here.