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
Trading robot · MT4
Rsi Ma EA
This MetaTrader 4 expert advisor implements a strategy combining trend-following moving averages with the Relative Strength Index for entry timing.
GitHub stars1
Forks0
Last update4 years ago23 Apr 2022
LicenceNone stated
Overview
The robot initiates buy orders when a fast moving average sits above a slow moving average, provided the RSI reflects an oversold state and price action confirms the momentum. It applies a symmetric logic for sell orders during overbought conditions. Risk management is handled through static lot sizes and mandatory stop loss and take profit parameters. Developed originally for academic research, the EA offers a basic automated approach to technical analysis on currency markets.
- Moving average trend filters
- RSI oversold and overbought detection
- Fixed lot size execution
- Hard stop loss and take profit protections
Details
Author
alessioena on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, 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 RsiMa_EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TakeProfit | int | 100 | Definizione del Take Profit |
StopLoss | int | 50 | Definizione dello Stop Loss |
Lotti | double | 0.10 | Numero di lotti aperti a mercato |
rsi_period | double | 5 | Periodo del Relative Strenght Index |
MagicNum | int | 2345 | ID delle operazioni aperte |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone alessioena/SimpleEA 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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