RS TREND By :
This EA describes an Expert Advisor (EA) that works on his 1 hour timeframe for the EURUSD currency pair. The EA follows a simple trading logic to avoid over-optimization and relies solely on the Relative Strength Index (RSI) indicator to determine entry points.
| Currency Pair | EURUSD |
| Time frame | H1 |
| Terminal | MT5 |
| Trading Style |
Live Performance [mfb_live_link]
FirstTrade：03/24/2024 00:00 LastUpdate：11/21/2024 16:24
| Total gain | -1% |
| Daily gain | 0% |
| Monthly gain | -0% |
| Drawdown | 20% |
| ProfitFactor | 0.99 |
| Pips | -300 |
| Currency | USD |
| Deposits | 500 |
| Profit | -3.46 |
| Balance | 496.54 |
| Equity | 502.7 |
| Interest | -3.46 |
Broker : MetaQuotes Software Corp
(DEMO)
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Be sure to enter 335377 as the Introducing Broker ID.
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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.
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