RSI Shuangyun EA - MetaTrader 5 Expert | Foreign Exchange Indicator Download - MT4/MT5 Resources

trading strategy

The EA uses a custom indicator ' RSI Double Cloud '. The EA uses four types of signals: 

For a 'Buy' signal, the area is formed below the 'Buy' level - 'RSI Fast & Slow: Horizontal Down ', for a 'Sell' - ' RSI Fast & Slow: Upgraded '.

rice. 1.RSI Double Cloud EA

Now learn more about parameter groups

"Transaction Settings"

The Expert Advisor can be optimized in the following way: Working timeframe ' parameter - Timeframe column #1 (on new column) for ' mode. ' Stop Loss (SL) ' and ' Take Profit (TP) ' in points. To disable either of these options - set it to "0". The modes of tracking and searching signals (' Trailing... ' and ' Searching signals... ') can be of two types: ' Bar #0 (on every price tick) ' - works on every tick and ' Bar #1 (on a new bar) ' - works only when a new bar is born. ' Maximum number of positions ' limits the maximum number of positions that can be opened simultaneously, and ' Minimum step size of positions ' sets the minimum distance (in points) between positions. The position type and relative position (higher or lower) does not matter.

Four types of signals from custom indicators. Any signal can be enabled/disabled.

In the ' trailing ' part, all three parameters are in Points. Tracking is only available for profitable positions! ' Track active if profit >= ' - This is a simulation of breakeven, set in points. To disable trailing set the ' Trailing Stop ' parameter to '0'.

" Position size management (lot calculation) "

The lot can be permanent (' Money Management ' is set to ' Constant Lots ' and lot size is set to ' Value of 'Money Management' ') and dynamic - risk percentage per trade (' Money Management ' is set to ' Trade Risk Percent ' and set risk percentage in ' Value of 'Money Management' '). You can also set a constant lot size equal to the minimum lot size - ' Money Management ' is set to ' Min Lot Size '.

Limit trading direction. Can take the values ​​' Only buy positions allowed ', ' Only sell positions allowed ' and ' Allow both buy and sell positions '

" Additional features "

Flag ' Positions: Only 1 ' set to ' True ' allows the EA to hold no more than one position on the market.

warn: ' Positions: Only 1 ' is set to ' true ' Not covered ' Position: Near the opposite side ' To ' really '! In other words: the opposite position will be closed first

Flag ' Position: Reverse ' is responsible for signal reversal. An interesting flag ' Position: Near Opposite ' - when set to ' True ' ensures removal of the opposite position before opening it. ' Print log ' Prints an extended log of all operations. The ' Freeze and stop levels coefficient ' parameter sets the coefficient for the stop and freeze levels when these levels of the symbol are equal to zero. The recommended value is "3".

Attachment download

📎 rsi_dual_cloud_ea.mq5 (211.12 KB)

📎 rsi_dual_cloud.mq5 (21.88 KB)

Source: MQL5 #39497