by 
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 MA Cross Custom
This Expert Advisor for MetaTrader 4 executes trades based on the confluence of Relative Strength Index levels and Moving Average crossovers.
GitHub stars3
Forks2
Last update3 years ago29 Jun 2023
LicenceGPL-3.0
Overview
RSI MA Cross Custom enters long positions when the RSI is oversold and a fast exponential moving average crosses above a slow one, and short positions when the RSI is overbought during a downward crossover. Risk management is handled through automated stop loss placement at recent swing highs or lows and a target take profit based on a user-defined reward-to-risk ratio. The EA uses fixed lot sizing and is primarily designed for educational demonstration.
- RSI overbought and oversold filters
- Moving average crossover entry signals
- Swing high and low stop loss calculation
- Fixed reward-to-risk take profit ratio
- Customizable MA and RSI periods
Details
Author
OrchardForexTutorials on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Mean reversion
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 MA Cross Custom.mq4. 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_mt4 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.
Similar expert advisors
This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns. It utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, speci
This MetaTrader 4 expert advisor automates trading using a combination of trend-following and mean-reversion indicators. It executes trades based on the crossover of two Exponential Moving Averages, filtered by Relative Strength Index levels and Bollinger Band boundaries. The robot enters a position when an EMA crossov
This MetaTrader 4 expert advisor automates trading using Stochastic Oscillator signals. It allows for the confluence of up to three separate Stochastic indicators, potentially across different timeframes, to determine entry points. Trades are triggered by line crossovers or when the indicator reaches user-defined overb
Falcon D is a MetaTrader 4 expert advisor designed for the H1 timeframe, focusing on price retracement entries filtered by technical indicators. It opens positions when price deviates significantly from the daily start point in opposition to the established trend. The system incorporates filters including a long-period
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers