rs i bot mt5
Info
The rs i bot mt5 is a Expert Advisor for MetaTrader 5 that rsi bot, send alert buy when rsi<=20, send alert sell when rsi>=80parameter:input group "rsi setting"input int inp_rsi_ma_period = 30; // rsi: averaging periodinput enum_applied_price inp_rsi_applied_price= price_weighted; // rsi: type of priceinput double inp_rsi_levelup = 80; // rsi fast and slow: level upinput double inp_rsi_leveldown = 20; // rsi fast and slow: level downinput string inp_rsi_stringup ="signal sell";// rsi fast and slow: level up labelinput string inp_rsi_stringdown ="signal buy"; // rsi fast and slow: level down label.
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 rs i bot mt5
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
rsi bot, send alert buy when rsi<=20, send alert sell when rsi>=80parameter:input group "rsi setting"input int inp_rsi_ma_period = 30; // rsi: averaging periodinput enum_applied_price inp_rsi_applied_price= price_weighted; // rsi: type of priceinput double inp_rsi_levelup = 80; // rsi fast and slow: level upinput double inp_rsi_leveldown = 20; // rsi fast and slow: level downinput string inp_rsi_stringup ="signal sell";// rsi fast and slow: level up labelinput string inp_rsi_stringdown ="signal buy"; // rsi fast and slow: level down label.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
rsi bot, send alert buy when rsi<=20, send alert sell when rsi>=80
parameter:
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
input group "rsi setting"input int inp_rsi_ma_period = 30; // rsi: averaging period
input enum_applied_price inp_rsi_applied_price= price_weighted; // rsi: type of price
input double inp_rsi_levelup = 80; // rsi fast and slow: level up
input double inp_rsi_leveldown = 20; // rsi fast and slow: level down
input string inp_rsi_stringup ="signal sell";// rsi fast and slow: level up label
input string inp_rsi_stringdown ="signal buy"; // rsi fast and slow: level down label
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.01"
#property description "Educational code - RobotFX www.robotfx.org"
#include <Trade\Trade.mqh>
#include <Trade\SymbolInfo.mqh>
#include <Expert\Money\MoneyFixedMargin.mqh>
CPositionInfo m_position; // trade position object
CTrade m_trade; // trading object.......
⚠ 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.