EMA_RSI_RISK-EA - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
This Expert Advisor (EA) is based on a trend following and momentum confirmation strategy, using two exponential moving averages (fast EMA and slow EMA) and the relative strength index (RSI).
Buy signal : The fast EMA crosses the slow EMA and the RSI is above the defined threshold.
Sell signal : The fast EMA crosses the slow EMA and the RSI is below the defined threshold.
Risk Management : The EA dynamically calculates lot size based on account balance and risk percentage. It automatically sets stop loss and take profit.
Trading Window : Optional time filter allows trading only within the specified time.
The code is entirely written in MQL5 and can be attached to any chart. Users can adjust the parameters of EMA, RSI, risk, lot size, stop loss/take profit levels and trading time to suit their strategy.
EURUSD, H1 (applicable to other currency pairs and time frames, parameter adjustments can be made).
Fast EMA / Slow EMA → Define moving averages.
RSIPeriod / RSI_Buy / RSI_Sell → RSI settings.
Risk Percent → The percentage of account balance risked on each trade.
Stop Loss/Take Profit → in points.
Start time/End time → Trading time filter.
Attachment download
📎 ema_rsi_risk_ea.mq5 (15.7 KB)
Source: MQL5 #62732
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