Author: Vladimir Khlystov
If you’re looking for a straightforward trading strategy, the Fractal RSI EA is a fantastic option. This tool works by selling when the oscillator crosses below the overbought level and buying when it crosses above the oversold level. Signals are generated upon the closing of a bar, ensuring you're making trades based on solid indicators.
One of the great features of this EA is its compatibility with brokers offering nonzero spreads. Plus, you can set your Stop Loss and Take Profit levels right when you open your position. For more options, check out the Trade Algorithms library.
The default settings for this Expert Advisor were used during the tests detailed below, and it’s worth noting that neither Stop Loss nor Take Profit was implemented in those tests.
Fig. 1. Examples of deals on the chart
Testing results from 2015 using AUDUSD on the H1 timeframe are as follows:
Fig. 2. Chart of testing results
Comments 0