This MetaTrader 4 expert advisor focuses on Gold trading using institutional pivot point levels and fractal-based support and resistance zones. The robot filters entries through a combination of RSI, MACD, and moving average alignment, supplemented by a trade quality scoring system. It includes comprehensive risk contr
Trading robot · MT4
RSI EA
This MetaTrader 4 expert advisor automates trading strategies based on the Relative Strength Index (RSI) and moving average logic.
GitHub stars2
Forks1
Last update8 years ago2 Mar 2018
LicenceNone stated
Overview
RSI EA identifies potential entry points when the RSI reaches specific overbought or oversold levels, supported by a moving average filter. The robot includes essential risk management controls such as fixed stop loss, take profit, and a trailing stop mechanism. Users can choose between manual lot sizing or an automated calculation based on a percentage of account risk. The code features an ECN mode to accommodate specific broker requirements for order execution, though the repository documentation is minimal.
- RSI overbought and oversold entry signals
- Integrated moving average trend filtering
- Automated lot sizing based on account risk
- Trailing stop and ECN execution support
- Configurable timeframe and indicator parameters
Details
Author
reysabogal on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Indicator crossover
Markets
Forex
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from rsi_movil.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
OpenBUY | bool | True | |
OpenSELL | bool | True | |
CloseBySignal | bool | False | |
StopLoss | double | 80 | |
TakeProfit | double | 80 | |
TrailingStop | double | 0 | |
RSIperiod | int | 14 | |
BuyLevel | double | 30 | |
SellLevel | double | 70 | |
AutoLot | bool | True | |
Risk | double | 1.5 | |
ManualLots | double | 0.1 |
Show all 22 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 123 | |
Koment | string | RSIea | |
Slippage | int | 10 | |
Period_1 | int | 9 | |
MA_Method | int | 3 | |
MinDiff | int | 3 | |
UseMM | bool | false | |
LotsPer10000 | double | 1 | |
ECN_Mode | bool | false | In ECN mode, SL and TP aren't applied on OrderSend() but are added later with OrderModify() |
Timeframe | string | M1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone reysabogal/metatrader4 from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 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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