This MetaTrader 4 expert advisor combines the Relative Strength Index, Moving Average, and Average Directional Index to identify trend-following entries.
The strategy executes trades when price positioning relative to the moving average aligns with RSI exhaustion levels and ADX trend strength. It includes built-in risk management tools such as a daily profit and loss limit that pauses trading for a set duration, alongside standard stop loss and take profit orders. Trade management is handled via trailing stops, break-even adjustments, and a dynamic exit based on signal reversals.
Read from RSI_MA_Combo_EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
LotSize
double
0.01
RSI_Period
int
14
RSI_Buy_Level
int
30
RSI_Sell_Level
int
70
MA_Period
int
25
StopLossPips
int
20
TakeProfitPips
int
40
UseTrailingStop
bool
true
TrailingStart
int
5
in pips
TrailingStep
int
2
in pips
UseBreakEven
bool
true
BreakEvenTrigger
int
8
in pips
Show all 27 inputs
Name
Type
Default
Description
BreakEvenOffset
int
1
in pips
UseTimeFilter
bool
true
TradeStartHour
int
8
TradeEndHour
int
18
UseADXFilter
bool
true
ADX_Period
int
14
ADX_Minimum
int
20
UseDailyLimit
bool
true
enable daily pause feature
DailyProfitTarget
double
10.0
USD profit to trigger pause
DailyLossLimit
double
10.0
USD loss to trigger pause
PauseDurationHours
int
4
hours to pause when triggered
UseDynamicExit
bool
true
Close early on opposite signal
ConfirmBars
int
2
Number of consecutive opposite bars to confirm reversal
ADXExitThreshold
double
20.0
Minimum ADX strength to allow exit
MagicNumber
int
12345
Added Magic Number for safe order management
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone trinity56/rsi-ma-combo-ea 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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