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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,