Description
Entry using the RSI indicator
RSI is an oscillator-based indicator that helps identify overbought and oversold conditions in the market.
Usually used for contrarian entries, this EA uses it to trade in the direction of the trend.
Trading strategy
This EA will not hold grid positions for a long time.
This EA focuses on trading according to trends.
Each position has a fixed stop loss and take profit value of 100 pips.
The trading strategy is very simple to avoid over-optimization.
The entry decision uses only the RSI indicator.
Lot size adjustment system
This EA aims to maximize account profits by flexibly adjusting lot size and quickly recovering losses.
This EA does not use a simple martingale method that doubles the lot size.
However, in order to recover past losses quickly, adjust the lot size and trade.
If consecutive losses occur, a significant drawdown may occur.
Attach an EA to the H1 chart of EURUSD on MT5.
parameter settings
- Lot_Size: Minimum 0.01 lot ~ Please set according to your account balance.
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Magic number: Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number.
This EA operates while adjusting the lot size, so it cannot tolerate drawdowns if the account balance is too small or the lot size is too large.
We recommend starting with 2000 USD and 0.01 lot. Be careful when increasing lot size. The foreign exchange market changes rapidly and trading involves risk.
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