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  1. A simple strategy/EA based on the RSI indicator

    by , 10-18-2021 at 04:31 PM
    iRSI Open Close - expert for MetaTrader 5

    Trading strategy
    The iRSI (Relative Strength Index, RSI) indicator is used on the specified ' Working timeframe' timeframe - the same timeframe is used to determine the moment when a new bar is born (if it is needed for the ' Search signals on ... ' parameter). There is no Stop Loss, Take Profit, or Trailing in the EA.

    Trading signals

    As soon as the RSI crossed the 'RSI Level DOWN (30)' level from top to bottom,
    ...