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RSI EA

(7 customer reviews)

$17.60$36.96

Experience precision trading with our RSI EA for MetaTrader 4. Expertly designed to navigate the nuances of market trends through the Relative Strength Index, this innovative expert advisor pinpoints overbought and oversold conditions. Consequently, it facilitates timely entries and exits to maximize profitability.
Moreover, ideal for traders seeking to leverage market momentum, our RSI EA offers an intelligent, automated solution that consistently captures the best trading opportunities. Furthermore, it optimizes your strategy for peak performance.
Additionally, enhance your trading arsenal with the RSI EA and turn market volatility into substantial gains.

Trading Guidelines

☑️ Suitable instruments: Forex, Commodities, Indices, Stocks and Crypto
☑️ Suitable timeframes: Daily, 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Elevate Your Trading Strategy with RSI EA

Introducing the RSI EA (Expert Advisor) for MT4 (Metatrader 4), a cutting-edge trading tool that leverages the Relative Strength Index (RSI) to optimize your trading performance. Designed for both novice and experienced traders, this Expert Advisor (EA) automates your trading strategy.
Moreover, it ensures precision, efficiency, and consistency in capturing profitable opportunities in the forex market. Consequently, with RSI EA, you can confidently navigate market fluctuations and achieve your trading goals with ease.

Unlock the secrets of profitable trading with our comprehensive guide on the RSI Indicator! This step-by-step article will show you how to make money trading the RSI Indicator, achieve consistent profitability, and optimize your trading strategies using the powerful RSI EA. Furthermore, you’ll discover how to automate your trading and reduce emotional decisions for better results. Additionally, learn about effective risk management techniques and backtesting strategies to refine your approach. Dive into the guide now by visiting Step-by-Step Guide to Make Money Trading RSI Indicator and Optimize EA and start your journey toward financial success today!

How It Works: Harnessing the Power of RSI

The RSI EA continuously analyzes the Relative Strength Index, a momentum oscillator that measures the speed and change of price movements. When the RSI indicates overbought or oversold conditions, the EA triggers buy or sell orders. This helps to capitalize on potential market reversals.
Furthermore, the EA is equipped with customizable settings for lot sizes, take profit, stop loss, and trailing stops. This ensures flexibility to suit your trading preferences. Additionally, the RSI Expert Advisor offers an optional Martingale strategy, which can enhance profitability by adjusting trade sizes after losses.

Key Features: Unmatched Trading Efficiency

  • Accurate Signals: Utilizes the RSI indicator to identify overbought and oversold conditions, thus providing precise entry and exit points.
  • Customizable Settings: Adjust lot size, take profit, stop loss, and trailing stops to match your trading strategy and risk tolerance.
  • Martingale Strategy: An optional feature that increases trade sizes after losses to maximize recovery and potential gains.
  • Automated Trading: Executes trades automatically based on RSI signals, thereby allowing for hands-free trading.
  • Comprehensive Risk Management: Protects your investments with robust risk management tools, thereby ensuring your trading remains safe and profitable.
  • Lifetime License: A one-time purchase with lifetime access, offering ongoing value and continuous updates.

Why Choose RSI EA: Superior Trading Results

Choosing RSI EA means equipping yourself with a powerful tool. It combines the reliability of the RSI indicator with advanced trading features. Moreover, the EA’s ability to accurately interpret RSI signals ensures timely and effective trades. Its customizable settings provide flexibility to adapt to various market conditions.
Furthermore, the optional Martingale strategy adds an extra layer of potential profitability. Therefore, with RSI Expert Advisor, you can achieve consistent trading success, optimize your returns, and elevate your trading strategy to new heights.

Transform Your Trading with RSI EA

The KOKOSHELL RSI EA (Expert Advisor) for MT4 (Metatrader 4) is your ultimate solution for automated, efficient, and profitable trading. By leveraging the powerful RSI indicator, this Expert Advisor delivers precise and timely trading signals.
Additionally, it is backed by comprehensive risk management and customization options. Therefore, whether you aim for steady gains or aggressive growth, the RSI Expert Advisor adapts to your needs, thereby providing a reliable and efficient trading solution.

Expert Advisor Settings:

  1. Lot size for trading: Defines the amount of currency to be traded in each position. For example, if set to 0.1, each trade will be for 0.1 lots.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit. For example, if set to 50 points, the trade will close when it gains 50 points.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses. For example, if set to 50 points, the trade will close when it loses 50 points.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated. For example, if set to 30 points, the trailing stop will activate once the trade is 30 points in profit.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated. For example, if set to 15 points, the stop loss will trail 15 points behind the current price.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum Total Trades: The maximum number of trades that can be open at any one time. For example, if set to 1, the EA will not open more than 1 trade simultaneously.

Indicator Settings:

  1. Period for RSI: The number of periods used to calculate the Relative Strength Index (RSI), which helps identify overbought or oversold conditions.
  2. Overbought threshold for RSI: The RSI value above which the market is considered overbought, typically set at 70. When RSI crosses below this value, it may signal a sell opportunity.
  3. Oversold threshold for RSI: The RSI value below which the market is considered oversold, typically set at 30. When RSI crosses above this value, it may signal a buy opportunity.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like the RSI helps in identifying optimal entry and exit points. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

Expert Advisor Settings:

  1. Lot size for trading: Defines the amount of currency to be traded in each position. For example, if set to 0.1, each trade will be for 0.1 lots.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit. For example, if set to 50 points, the trade will close when it gains 50 points.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses. For example, if set to 50 points, the trade will close when it loses 50 points.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated. For example, if set to 30 points, the trailing stop will activate once the trade is 30 points in profit.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated. For example, if set to 15 points, the stop loss will trail 15 points behind the current price.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum Total Trades: The maximum number of trades that can be open at any one time. For example, if set to 1, the EA will not open more than 1 trade simultaneously.
  8. Close On Opposite Signal: Determines whether to close trades when an opposite trading signal is generated. If set to true, the EA will close open trades when the conditions for an opposite trade are met.

Indicator Settings:

  1. Period for RSI: The number of periods used to calculate the Relative Strength Index (RSI), which helps identify overbought or oversold conditions.
  2. Overbought threshold for RSI: The RSI value above which the market is considered overbought, typically set at 70. When RSI crosses below this value, it may signal a sell opportunity.
  3. Oversold threshold for RSI: The RSI value below which the market is considered oversold, typically set at 30. When RSI crosses above this value, it may signal a buy opportunity.

Martingale Settings:

  1. Activate Martingale Yes/No: Determines whether the Martingale strategy is enabled. If set to true, the Martingale strategy will be used.
  2. Lot Multiplier for Martingale Trades: The factor by which the lot size is increased after a losing trade. For example, if set to 2.0, the lot size will double after each loss.
  3. Step for Martingale in Points: The number of pips of loss required to trigger the next Martingale trade. For example, if set to 20 pips, the next trade will be triggered after a 20-pip loss.
  4. Maximum Martingale Total Trades: The maximum number of Martingale trades that can be open at any one time. For example, if set to 3, no more than 3 Martingale trades will be opened.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like the RSI helps in identifying optimal entry and exit points. Enabling and configuring the Martingale settings can help recover losses but must be used cautiously due to the high risk involved. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

In the latest v.5 of the RSI EA, two new input parameters have been introduced to significantly enhance risk management and trading efficiency: Daily Target Settings and Time Settings. These features provide traders with advanced control over their trading activities, ensuring disciplined and optimized trading strategies. By setting specific parameters for daily profit and loss limits, as well as defining precise trading hours, these new settings help traders achieve consistent success while minimizing risks. Below, we explore the detailed functionalities of these settings and their importance in effective trading.

Daily Target Settings

  1. Activate Max Daily Loss: This parameter enables the feature to set a maximum loss limit for the day. By activating this setting, traders can ensure that their total daily losses do not exceed a predefined threshold, protecting their capital from significant drawdowns.
  2. Maximum Daily Loss in USD: This setting defines the maximum allowable loss in USD for a single trading day. If the total losses reach this amount, the EA will stop opening new trades, preventing further losses and helping to preserve the trading account.
  3. Activate Max Daily Profit: This parameter enables the feature to set a maximum profit target for the day. Activating this setting allows traders to lock in their profits once a certain profit level is achieved, ensuring that gains are secured without the risk of market reversals eroding the profit.
  4. Maximum Daily Profit in USD: This setting specifies the maximum profit target in USD for a single trading day. Once this profit target is met, the EA will halt trading activities, thereby securing the gains for the day and preventing overtrading.

Time Settings

  1. Enable Open/Close Time: This parameter allows traders to define specific times during which trades can be opened. By enabling this setting, traders can restrict trading activities to specific hours of the day, aligning trading operations with preferred market conditions or personal schedules.
  2. Open Trades Time (HH:MM): This setting specifies the exact time when the EA is allowed to start opening new trades. It ensures that trades are initiated only during the predefined trading window.
  3. Close Trades Time (HH:MM): This setting defines the exact time when the EA should stop opening new trades. By setting a closing time, traders can avoid entering new positions late in the day or during less favorable market conditions.
  4. Enable Close All Time: This parameter activates the feature to close all open trades at a specific time. It ensures that no trades are left open beyond a certain time, thereby avoiding overnight risks or unplanned exposure.
  5. Close all Trades Time (HH:MM): This setting specifies the exact time when all open trades should be closed. It helps in wrapping up trading activities for the day and managing the risks associated with holding positions beyond the intended trading hours.

The introduction of Daily Target Settings and Time Settings in v.5 of the automated trading software represents a significant advancement in trading risk management. The Daily Target Settings allow traders to cap daily losses and secure profits, ensuring that trading activities remain within safe and predefined limits. This is crucial for preserving capital and maintaining a disciplined approach to trading. The Time Settings offer traders the ability to control trading windows, aligning their activities with optimal market conditions and personal schedules. By defining precise trading hours and ensuring that trades are not left open beyond intended periods, these settings help minimize risks associated with unfavorable market conditions and overexposure. Together, these new features provide a robust framework for achieving consistent and profitable trading outcomes, making them indispensable for traders aiming to optimize their strategies and enhance their trading success.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

7 reviews for RSI EA

  1. John

    This tool has really helped streamline my trading. I love how it identifies potential entry and exit points with precision. My trading has become more efficient since using it.

  2. Michael

    Fantastic EA! It’s user-friendly and has improved my trading accuracy. I especially like the alerts for overbought and oversold conditions. Highly recommended.

  3. Karen

    I’m very satisfied with this EA. It’s easy to set up and has significantly improved my trading performance. I’ve recommended it to several friends already.

  4. Emily Davis

    It’s a decent EA, but it took me a while to understand how to use it effectively. Some more detailed instructions would be helpful. Performance is solid once you get the hang of it.

  5. David

    Great product! It’s reliable and helps me stay disciplined in my trading. The signals are accurate, and I’ve seen better results since I started using it.

  6. Sarah

    The EA works well, but I wish there were more customization options. It’s good for standard trading strategies but could be better for more advanced users.

  7. Steven Robinson

    I’m thrilled with this trading advisor! The setup was incredibly easy, and the profits have been impressive. The strategy it employs is highly effective, and the risk management features are superb. This tool has made trading so much more rewarding. Highly recommend it to all traders!

Only logged in customers who have purchased this product may leave a review.

What settings can be customized in RSI EA?

RSI EA offers several customizable settings, including Lot Size, Take Profit Pips, Stop Loss Pips, Trail Start, Trail Stop, Max Total Trades, and Magic Number. You can also configure the RSI indicator settings, such as RSI Period, Overbought, and Oversold thresholds. Additionally, the EA includes Martingale settings, enabling you to activate the strategy, adjust the multiplier, set step pips, and define the maximum number of Martingale trades.

How does RSI EA generate trade signals?

RSI EA generates trade signals using the Relative Strength Index (RSI) indicator. A buy signal is triggered when the RSI crosses above the Oversold threshold, indicating a potential upward trend. Conversely, a sell signal is generated when the RSI crosses below the Overbought threshold, suggesting a downward trend. The EA monitors these signals and executes trades based on the detected conditions.

What is the role of the trailing stop in RSI EA?

The trailing stop in RSI EA helps secure profits by adjusting the stop loss level as the trade moves favorably. When the trade reaches a specified profit level (Trail Start), the stop loss is moved closer to the current price by the Trail Stop amount. This mechanism locks in gains while allowing the trade to continue benefiting from favorable market movements.

Can RSI EA close trades based on opposite signals?

Yes, RSI EA can close trades based on opposite signals if the "CloseOnOpposite" parameter is enabled. This feature manages risk by closing positions that go against the current market trend, ensuring that the EA only maintains trades aligned with the prevailing trend, thereby reducing potential losses.

How can I optimize RSI EA for better performance?

To optimize RSI EA, use the Strategy Tester in MetaTrader. Adjust parameters such as Lot Size, RSI Period, Overbought, Oversold, Take Profit, and Stop Loss. Run multiple backtests with different settings to identify the optimal configuration for your trading strategy and current market conditions. Regular optimization helps maintain performance.

How does RSI EA implement the Martingale strategy?

RSI EA's Martingale strategy increases the lot size after a losing trade to recover losses potentially. The Martingale settings allow you to control the multiplier, step size in pips, and the maximum number of Martingale trades. While this approach can enhance profitability, it also increases risk, so it should be used cautiously.

How does RSI EA manage risk?

RSI EA manages risk through predefined Stop Loss and Take Profit levels for each trade. The trailing stop feature further secures profits and limits losses. Additionally, the EA limits the maximum number of open trades to prevent overexposure to the market, and the Martingale strategy can be adjusted to control risk.

What is the significance of the Magic Number in RSI EA?

The Magic Number in RSI EA is a unique identifier for trades opened by the EA. This number allows the EA to manage its trades independently of other trades on the account. It ensures that the EA only modifies and closes its own trades based on its strategy, maintaining clear trade management.

How often should I review and update RSI EA settings?

It is advisable to review and update RSI EA settings regularly, especially after significant market changes or economic events. Regular optimization helps keep the EA aligned with current market conditions and improves its performance. Conducting backtests and analyzing historical data can help fine-tune the settings.

What should I do if RSI EA encounters errors?

If RSI EA encounters errors, it logs error messages with corresponding error codes. Review these logs to diagnose the issue. Common solutions include checking the EA settings, ensuring sufficient margin in the trading account, and verifying the correct symbol and time frame are selected. Adjust the EA's parameters as needed to resolve the issues.

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