Multi RSI

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.