RSI MA Cross Custom: Free MT5 Expert Advisor

Overview

RSI MA Cross Custom initiates buy orders when the RSI indicates oversold conditions and a fast exponential moving average crosses above a slow exponential moving average. Conversely, it opens sell orders during overbought RSI conditions when the fast average crosses below the slow average. Risk controls include dynamic stop loss placement based on recent swing highs or lows and take profit levels determined by a reward-to-risk ratio. The project is designed primarily for educational use.

Moving average crossover entry logic

RSI overbought and oversold filters

Dynamic stop loss based on recent swing points

Adjustable take profit reward-to-risk ratio

Details

Author

OrchardForexTutorials on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, Mean reversion

Markets

Any symbol

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

Source

github.com/OrchardForexTutorials/230424_rsi_ma_cross_strategy_mt5

Input parameters

Read from RSI MA Cross Custom.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpFastMAPeriod`	`int`	`5`	Fast MA Bars
`InpFastMAMethod`	`ENUM_MA_METHOD`	`MODE_EMA`	Fast MA Method
`InpFastMAAppliedPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	Fast MA Applied Price
`InpSlowMAPeriod`	`int`	`10`	Slow MA Bars
`InpSlowMAMethod`	`ENUM_MA_METHOD`	`MODE_EMA`	Slow MA Method
`InpSlowMAAppliedPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	Slow MA Applied Price
`InpRSIPeriod`	`int`	`10`	RSI Period
`InpRSIAppliedPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	RSI Applied Price
`InpRSIOverboughtLevel`	`double`	`80`	RSI Overbought
`InpRSIOversoldLevel`	`double`	`15`	RSI Oversold
`InpSwingPeriod`	`int`	`5`	Swing high/low period
`InpTakeProfitRatio`	`double`	`1.0`	tp:sl ratio

Show all 15 inputs

Name	Type	Default	Description
`InpOrderSize`	`double`	`0.01`	Order size in lots
`InpMagic`	`int`	`app_magic`	Magic number
`InpTradeComment`	`string`	`app_name`	Trade comment

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/230424_rsi_ma_cross_strategy_mt5 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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