larry conners rs i 2
Info
The larry conners rs i 2 is a Expert Advisor for MetaTrader 5 that this expert advisor uses three indicators, rsi (relative strength index), fast moving average (5 period), slow moving average (200 period). the idea of this strategy is to determine the general trend by using the slow moving average (ma 200).
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use larry conners rs i 2
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
this expert advisor uses three indicators, rsi (relative strength index), fast moving average (5 period), slow moving average (200 period).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: larry williams xg boost onnx expert advisor - another powerful expert for MetaTrader 5 traders.
this expert advisor uses three indicators, rsi (relative strength index), fast moving average (5 period), slow moving average (200 period).
Also recommended: sudoku - similar expert with strong performance on MetaTrader 5.
the idea of this strategy is to determine the general trend by using the slow moving average (ma 200). then buy on the dips and sell on the rises.long entry rules
rsi (2 period) is less than 6.
close of previous candle is greater than slow moving average.
long exit rules
close is greater than fast moving average.
short entry rules
rsi (2 period) is greater than 95.
close of previous candle is less than slow moving average.
short exit rules
close is less than fast moving average.
input parameters
best results on the eur/usd pair 1h timeframe. play with inputs to find your desired results.
You may also like: manual position tracking panel - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <trade\trade.mqh> // get code from other places
input double lot = 1; //lots
input int shortsmaperiods = 5; //fast ma period
input int longsmaperiods = 200; //slow ma period
input int rsiperiods = 2; //rsi period
input int rsilongentry = 6; //rsi long entry
input int rsishortentry = 95; //rsi short entry.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.