Hey traders! Today, we're diving into the RGT2 EA, a nifty expert advisor designed for MetaTrader 4. This tool leverages Bollinger Bands and RSI for a smart trading strategy, complete with a modified trailing stop system. Let’s break it down!
Key Inputs for RGT2 EA
- Lots:
extern double Lots = 0.01;// This sets your lot size. - MinPipsProfit:
extern double MinPipsProfit = 30;// This is when the trailing stop kicks in (+30 pips above the open price). - Stop Loss:
extern double Ea_StopLoss = 70; - Trailing Stop:
extern double Ea_Trailing_Stop = 35; - Slippage:
extern int Slippage = 3; - RSI High:
extern int RsiH = 90;// This triggers a sell if the Bollinger Band is high and RSI > 90. - RSI Low:
extern int RsiL = 10;// This triggers a buy if the Bollinger Band is low and RSI < 10. - RSI Period:
extern int RsiPeriod = 8; - Magic Number:
extern int Magic=686;
Remember, this is the initial version of the indicator, so please bear with it! :p
If you spot any bugs or issues, I’d love to hear from you!
Also, a quick tip: If you're trading with a 5-digit broker, make sure to multiply MinPipsProfit, Ea_StopLoss, and Ea_Trailing_Stop by 10 to get the right settings.
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