Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Trading robot · MT4
Rsi MM
The Rsi MM is an automated trading tool for MetaTrader 4 that combines Relative Strength Index oscillators with a Moving Average trend filter.
GitHub stars1
Forks0
Last update3 years ago14 May 2023
LicenceNone stated
Overview
The system identifies potential market entries when RSI reaches overbought or oversold thresholds, using the Moving Average to confirm the broader trend direction. It features basic risk management controls, including fixed lot sizing and user-definable stop loss and take profit levels. However, as the default protection values are set to zero, manual configuration is required. The repository lacks extensive documentation, providing only the core indicator parameters and basic order logic for execution.
- RSI overbought and oversold logic
- Moving Average trend confirmation
- Configurable lot sizing
- Adjustable stop loss and take profit
Details
Author
DayiCuellar on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Trend following
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from EA_RSI-MM.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Separador_RSI | string | ---------------------PARAMETROS RSI | |
Periodo_RSI | int | 14 | |
Nivel_Sobre_Compra | int | 80 | |
Nivel_Sobre_Venta | int | 20 | |
Separador_Media_Movil | string | --------------PARAMETROS MEDIA MOVIL | |
Periodo_Media_Movil | int | 100 | |
Separador_Operaciones | string | --------------PARAMETROS OPERACIONES | |
Pips_SL | double | 0 | |
Pips_TP | double | 0 | |
Lotaje | double | 0.01 | |
num_mag | int | 0 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DayiCuellar/RSI-MM 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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