RSI Trading Strategy Current Price Strategy: Short if RSI > 70, Long if RSI < 30, 1 order + trailing stop + break-even.

Entry Strategy:

  1. If the RSI of the current candlestick is greater than 70, place a 1-lot SELL order at the current price.
  2. If the RSI of the current candlestick is less than 30, place a 1-lot BUY order at the current price. (The values 30 and 70 are parameters that can be modified in the EA's parameter window.) Additional Orders: This EA places at most one order per candlestick. No new orders will be placed if the previous order is still open.

Important Note: Since this EA bases its entries on unclosed candlestick data, the entry conditions may change as the price moves, potentially making it seem like the EA entered incorrectly when reviewing historical trades. To accurately assess the EA’s logic, users must evaluate the entry conditions in real-time at the moment the EA places the trade.

To require candlestick closure before entering a trade, set the parameter “Candlestick Countdown Index” to 1.

Exit Strategy:

  1. When an order is placed, the EA sets a 200-point stop loss and a 500-point take profit. The order will automatically close when the price hits the stop loss or take profit. (Stop loss and take profit points can be modified in the EA's parameter window.)
  2. If the opposite entry condition is met, the current order is closed at the market price.
  3. [Trailing Stop]
  4. [Break-Even]