Description:
Are you ready to elevate your trading game? The RSI Trader v1 is here to help you make the most of the RSI indicator, whether you’re into long-term strategies or quick scalping moves.
Let’s break down the settings so you can hit the ground running:
- Applied Price: This setting lets you choose which price to apply the RSI to. You can pick from various options: 0 for close price, 1 for open price, 2 for high price, 3 for low price, 4 for median price, 5 for typical price, or weighted close price.
- BuyPoint: Set this level, and if the RSI crosses it upwards, a buy order will be triggered automatically.
- SellPoint: Conversely, if the RSI dips below this point, a sell order will be executed.
- CloseOnOpposite: When enabled, this feature will close all trades opened by the previous signal as soon as an opposite signal is generated.
Note:
- This EA is designed for 5-digit brokers, which are the norm these days, so you’re in good hands.
- Finding the optimal settings for your specific strategy is key; keep in mind that the default settings haven’t been tested or optimized yet.
If this EA adds value to your trading experience, feel free to show your appreciation by donating on our website!
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