RSI and Martingale Based Advisor - MetaTrader 5 Expert - MT4/MT5 Resources
The advisor utilizes the RSI indicator and performs an adaptive search of minimum and maximum values to determine the best entry and exit points in the market. The advisor analyzes the last "BarsForCondition" candle to gauge the current market conditions.
Entry: The advisor opens a position based on the signal of the RSI indicator.
Closing: Close a position when the TakeProfit or StopLoss level is reached, which is set in pips via the "TakeProfit" and "StopLoss" parameters.
Martingale: Advisors can use the martingale strategy to increase lot size during market reversals. This function is activated by the "Upheaval" parameter and the "MartinaleMultiplier".
Attachment download
📎rsijmartingale1.5.mq5 (53.96 KB)
Source: MQL5 #46339
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