If you’re looking to ramp up your trading game, the RRS Impulse EA might just be the scalping tool you need. This powerful Expert Advisor leverages the Relative Strength Index (RSI), Stochastic Oscillator, and Bollinger Bands to spot both trend-following and counter-trend opportunities. What’s more, this EA operates as a multi-pair EA, scanning numerous currency pairs to find those golden signals.
With an array of features like Trailing, Risk Management, Money Management, and Restriction Mode, the RRS Impulse EA offers a lot of flexibility. Get your settings dialed in, and you could be on your way to some serious profits!
Impulse EA Features:
| Variable | Values | Description |
|---|---|---|
| Trading_Indicator | RSI, Stochastic, BollingerBands, RSI_Stochastic_BollingerBands | RSI: Analyzes the market using the RSI indicator. Stochastic: Trades based on Stochastic signals. BollingerBands: Utilizes Bollinger Bands for market analysis. RSI_Stochastic_BollingerBands: Combines all three indicators for enhanced accuracy. |
| TradeDirection | Trend, CounterTrend | Trend: Trades in line with the trend (e.g., buy when RSI is overbought). CounterTrend: Trades against the trend, anticipating reversals (e.g., sell when RSI is overbought). |
| SignalStrength | NormalSignal, NormalMultiTimeFrame, StrongSignal, VeryStrongSignal | NormalSignal: Evaluates signals based on a single timeframe. NormalMultiTimeFrameSignal: Checks one timeframe at a time. StrongSignal: Confirms signals across multiple timeframes for added reliability. VeryStrongSignal: Analyzes several timeframes for the strongest signals before trading. |
| minLot_Size | Double Value | Sets the minimum lot size to prevent random lot sizes from dropping too low. |
| maxLot_Size | Double Value | Establishes the maximum lot size for trading. |
| StopLoss | Int Value | Defines your stop loss in points/pips (the smallest price change). Set to 0 to disable. |
| TakeProfit | Int Value | Sets your take profit level in points/pips. Set to 0 to disable. |
| Trailing_Start | Int Value (Points/Pips) | Indicates when to start trailing, based on pips from the open price. Set to 0 to disable. |
| Trailing_Gap | Int Value (Points/Pips) | Establishes the gap in pips between the market price and the trailing stop loss. Set to 0 to disable. |
| Risk_In_Money_Type | FixedMoney, BalancePercentage | FixedMoney: Closes all trades if negative floating loss hits your specified amount. BalancePercentage: Adjusts risk based on account balance. |
| Money_In_Risk | Int Value | Amount you’re willing to risk based on your selection above. |
| Max_Spread | Int Value (Points/Pips) | Sets the max spread for trades; if exceeded, the EA waits. |
| Slippage | Int Value (Points/Pips) | Defines allowable slippage during order execution. |
| MaxOpenTrade | Int Value | Limits the number of simultaneous open trades. |
| Trade_Currencies | String Value | Specifies currency symbols for analysis and trading. |
Impulse Plus:
The RRS Impulse Plus EA is the advanced version of the RRS Impulse EA. This upgrade offers more options and flexibility, using RSI, Stochastic, Moving Average, and Bollinger Bands to identify trading opportunities.
With this EA, you also get features like Trailing, Risk Management, Money Management, and more. Configure it right, and you could see some impressive gains!
Signal Descriptions:
| Indicator | BUY | SELL |
|---|---|---|
| RSI | Trend: Buy when RSI is overbought. CounterTrend: Buy when RSI is oversold. | Trend: Sell when RSI is oversold. CounterTrend: Sell when RSI is overbought. |
| Stochastic | Trend: Buy when both lines are overbought. CounterTrend: Buy when both lines are oversold. | Trend: Sell when both lines are oversold. CounterTrend: Sell when both lines are overbought. |
| Bollinger Bands | Trend: Buy when price touches the upper band. CounterTrend: Buy when price touches the lower band. | Trend: Sell when price touches the lower band. CounterTrend: Sell when price touches the upper band. |
| Moving Average | Trend/CounterTrend: Buy when price is above the MA. | Trend/CounterTrend: Sell when price is below the MA. |
Signal Scenarios:
Here’s how the signals stack up:
| RSI | Stochastic | Bollinger Bands | Moving Average | Signal |
|---|---|---|---|---|
| Above | Above | Above | Below | CounterTrend Sell ✅ |
| Below | Below | Below | Above | CounterTrend Buy ✅ |
| Above | Above | Above | Above | Trend Buy ✅ |
| Below | Below | Below | Below | Trend Sell ✅ |
Important Notes:
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Enable web requests in MT4/MT5:
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Go to Tools → Options → Expert Advisors → Allow Web Request and add:
http://nfs.faireconomy.media/ -
(This service is provided by ForexFactory and fetches news data from their platform.)
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Recommended Testing:
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It's highly advised to trial this EA on a demo account for at least 45 days before going live.
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Wishing you all the best—happy trading! 🚀
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