Saikyou RSI Breakout: Free MT4 Expert Advisor

Overview

Saikyou RSI Breakout enters trades when the RSI breaks out of support or resistance lines and manages positions using a grid-based approach. The system layers limit and stop orders at fixed intervals, employing martingale lot scaling with a configurable multiplier to average into positions. Risk management features include traditional stop loss and take profit levels, trailing stops for both winning and losing trades, and time-based position expiration.

RSI trendline breakout detection

Martingale lot scaling with multiplier

Grid-based limit and stop order layering

Trailing stops for profit and loss management

Time-based forced position closure

Details

Author

chanmoto on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Mean reversion, Martingale, Grid

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend

EA files

saikyou_ea_ver9.6.mq4

Source

github.com/chanmoto/rsi_breakout

Input parameters

Read from saikyou_ea_ver9.6.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`MagicNumber`	`int`	`20170302`
`EachTickMode`	`bool`	`False`
`Lots`	`double`	`0.01`
`LotMultiple`	`double`	`1.2`	ナンピンロット係数
`Slippage`	`int`	`3`
`Use_limitorder`	`bool`	`True`
`Use_stoporder`	`bool`	`True`
`UseT_S`	`bool`	`True`
`UseT_L`	`bool`	`True`
`Use_close`	`bool`	`True`
`UseDuration`	`bool`	`True`
`expiration`	`int`	`200`	エントリー有効時間

Show all 30 inputs

Name	Type	Default	Description
`maxDuration`	`int`	`200`	ポジション保有時間
`TrailingStop`	`int`	`1`	トレイル?
`L_TrailingStop`	`int`	`1`
`space`	`int`	`100`	ナンピン?
`space_r`	`int`	`100`
`multi`	`int`	`2`
`multi_r`	`int`	`2`
`nPeriod_RSI`	`int`	`14`
`nPeriod_RSI2`	`int`	`28`
`nPeriod_MA`	`int`	`25`
`MA_Method`	`int`	`0`
`margin`	`double`	`0.01`
`min_gap`	`int`	`2`
`TIMERAG`	`int`	`3`
`TIMERAG2`	`int`	`3`
`Reverse`	`int`	`0`
`PROF`	`double`	`500`
`LOSS`	`double`	`500`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone chanmoto/rsi_breakout 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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