Welcome back, fellow traders! Today, I’m excited to share the latest enhancements to the RSI EA, now updated to version 2. This powerhouse tool just got even better with the addition of time control features. You can now set specific time intervals throughout the day, allowing for more precise trading strategies.
With this version, configuring time control is a breeze. Simply adjust the parameters: Use time control, Start hour, and End hour. Plus, we’ve added a trailing stop feature to help lock in profits as the market moves in your favor. The Expert Advisor operates on every tick, ensuring you don’t miss a beat!
What’s more, the RSI EA is designed to handle one position at a time. This means it can effectively operate on both hedging and netting accounts without a hitch.
As for trading signals, this EA is smart! It will execute a buy when the RSI indicator dips into the oversold zone and a sell when it peaks in the overbought zone.
- OpenBUY, OpenSELL: You can now choose to configure it for only buying, only selling, or both directions—flexibility at its finest!
- CloseBySignal: If you set CloseBySignal to false, make sure to set Stop Loss or Take Profit to safeguard your trades.
Here’s a quick look at what the signals look like:
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