Hey fellow traders! Let's dive into the mechanics of the RSI Value EA for MetaTrader 4. This little gem can significantly enhance your trading strategy.
Trading Signals
- If the RSI is below 50, the EA opens a sell position and closes any buy positions.
- If the RSI is above 50, it opens a buy position and closes any sell positions.
RSI Settings
We’re using an RSI period of 14, with a Stop Loss (SL) set at 100, Take Profit (TP) at 300, and no trailing stop.
Strategy Tester Report Overview
This report provides insights into the performance of the RSI Value EA:
- Trading Platform: XM.COM-Demo (Build 509)
- Currency Pair: EURUSD (Euro vs US Dollar)
- Time Frame: 4 Hours (H4) from 2013.06.03 to 2014.02.19
- Model: Only opening prices (for automated strategies controlling bar openings directly)
Performance Metrics
| Initial Deposit: | £10,000.00 |
| Total Net Profit: | £6,222.80 |
| Gross Profit: | £14,860.70 |
| Gross Loss: | -£8,637.90 |
| Profit Factor: | 1.72 |
| Max Drawdown: | £2,565.40 (16.19%) |
| Number of Trades: | 47 |
| Winning Trades (%): | 13 (27.66%) |
| Largest Winning Trade: | £2,989.20 |
| Largest Losing Trade: | -£848.00 |
This data gives you a clear picture of how the RSI Value EA performs in real market conditions. By understanding these metrics, you can better tailor your trading strategies for success!
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