Multi RSI By :
It is an Expert Advisor (EA) designed to work on the 5-minute time frame of the EUR/USD currency pair. The EA utilizes simple trading logic to avoid over-optimization and uses the RSI indicator to determine entry points and trade in the direction of the trend.
| Currency Pair | EURUSD |
| Time frame | 5M |
| Terminal | MT5 |
| Trading Style |
Live Performance
FirstTrade：03/24/2024 00:00 LastUpdate：04/01/2025 04:56
| Total gain | 3% |
| Daily gain | 0.01% |
| Monthly gain | 0% |
| Drawdown | 17% |
| ProfitFactor | 1.04 |
| Pips | -540 |
| Currency | USD |
| Deposits | 500 |
| Profit | 14.99 |
| Balance | 514.99 |
| Equity | 514.99 |
| Interest | -3.01 |
Broker : MetaQuotes Software Corp
(DEMO)
Download This Free EA (Multi RSI)
Be sure to enter 335377 as the Introducing Broker ID.
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Description
trading strategy
This EA executes trades completely automatically on 5-minute bars of EURUSD.
The trading strategy adopted is relatively simple.
This EA compares the values of the RSI indicator over two periods to detect trend reversals. The period parameter of the RSI is comprised between 50 and 70 and is useful for identifying relatively long-term trends. Using this simple logic, the EA aims to avoid over-optimization and keep the trading strategy as robust as possible.
position management
One of the key features of this EA is its approach to position management. All positions opened by the EA have a fixed stop loss and take profit level set at 60 pips. The potential loss of each position is limited.
Risk management and maximizing account profits
Instead of adopting a simple martingale strategy that doubles the lot size after a loss, this EA adjusts the lot size in a more flexible way. By doing so, we aim to avoid large drawdowns, recover losses quickly, and ultimately maximize the profit of your account.
Drawdown considerations
Although this EA adjusts the lot size and trades more aggressively after losses occur, it is important to note that there is a risk of large drawdowns if consecutive losses occur.
True 0.0 Spread Broker Cut Trading Costs Dramatically
The HF Markets Zero Account delivers a true 0.0 spread on major pairs (like EURUSD). With a one-way fee of only 3.0 USD per lot (6 USD round trip), it offers unbeatable low-cost trading compared to other brokers. Our free EA performs best when paired with the finest broker.
| Broker | Typical EURUSD Spread | One-way Fee per Lot | Round Trip Fee per Lot | Effective Trading Cost |
|---|---|---|---|---|
| HF Markets (Zero account) | 0.0 pips | 3.0 USD | 6 USD | 0.6 pips |
| IC Markets (Raw account) | 0.1 pips | 3.5 USD | 7.0 USD | 0.8 pips |
| XM (Zero account) | 0.2 pips | 5.0 USD | 10 USD | 1.2 pips |
- Swap-Free: Available on all accounts so you can trade without worrying about extra costs.
- Leverage 1:2000: Enjoy flexible trading with top-tier leverage.
- Sleek Platform: An intuitive, user-friendly trading environment.
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