An automated MetaTrader 5 expert advisor that executes a bi-directional grid trading strategy. It uses the Average True Range (ATR) indicator to dynamically calculate grid spacing, allowing the system to adapt to current market volatility. The robot supports neutral, bullish, and bearish modes. It includes risk managem
Trading robot · MT5
Dynamic RSI Multi Entry
This MetaTrader 5 expert advisor implements a mean-reversion strategy based on the Relative Strength Index.
High risk
GitHub stars1
Forks0
Last update4 months ago8 May 2026
LicenceNone stated
Overview
Dynamic RSI Multi Entry replaces traditional static oversold and overbought levels with dynamic extremes calculated from historical volatility. The bot utilizes a multi-entry grid approach, opening up to fifteen averaged positions to manage price movements. Risk controls include a global stop loss, break-even settings, and a trailing stop that dynamically reduces its distance. Volume sizing is calculated recursively relative to the account balance and potential margin requirements for future averaged orders.
- Dynamic historical RSI extremes
- Multi-entry grid averaging logic
- Recursive risk-based volume sizing
- Trailing stop with reducing distance
- Global equity protection via stop loss
Details
Author
kkidyba on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Grid
Markets
Forex
Timeframes
M1-M5
Risk profile
- Opens a grid of orders: exposure builds up in a trend
EA files
Input parameters
Read from MultiEntryRSI.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RSI_Period | int | 14 | |
RISK_Percent | double | 10 | |
Max_Positions | int | 15 | |
RSI_Extremum_Calculate | int | 365 | |
Extremum_Array_Length | int | 10 | |
Loss_Percent | double | 5 | |
BE_Activation | double | 5 | |
TS_Activation | double | 5 | |
TS_Reducing | double | 5 | |
SL_Activation | int | 2 | |
RSI_Min_Value | int | 30 | |
SL_Positions | int | 2 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone kkidyba/mt5-rsi-bot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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