rs i ea mt5
Info
The rs i ea mt5 is a Expert Advisor for MetaTrader 5 that trading strategy: configurable overbought (default 80) and oversold (default 20) thresholds automatic signal detection on rsi crossing threshold levels exits positions when opposite signal appears risk management: fixed or percentage-based position sizing risk calculation based on balance, equity, or free margin configurable lot size limits (min/max) maximum concurrent positions control stop loss & take profit: fixed sl/tp in points dynamic sl/tp based on atr volatility adjustable volatility multipliers for sl and tp optional disable (set to 0) advanced features: scale-out: partial profit taking at configurable volatility levelssession filter: trade only during specified hours (broker time)volatility-based sizing: atr-based dynamic position management slippage and spread control configuration: magic number for multi-ea compatibility custom trade comments fully optimizable parameters built-in optimization score (profit/drawdown ratio).
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 ea 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
trading strategy: configurable overbought (default 80) and oversold (default 20) thresholds automatic signal detection on rsi crossing threshold levels exits positions when opposite signal appears risk management: fixed or percentage-based position sizing risk calculation based on balance, equity, or free margin configurable lot size limits (min/max) maximum concurrent positions control stop loss & take profit: fixed sl/tp in points dynamic sl/tp based on atr volatility adjustable volatility multipliers for sl and tp optional disable (set to 0) advanced features: scale-out: partial profit taking at configurable volatility levelssession filter: trade only during specified hours (broker time)volatility-based sizing: atr-based dynamic position management slippage and spread control configuration: magic number for multi-ea compatibility custom trade comments fully optimizable parameters built-in optimization score (profit/drawdown ratio).
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.
trading strategy:
configurable overbought (default 80) and oversold (default 20) thresholds
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
automatic signal detection on rsi crossing threshold levels
exits positions when opposite signal appears
risk management:
fixed or percentage-based position sizing
risk calculation based on balance, equity, or free margin
configurable lot size limits (min/max)
maximum concurrent positions control
stop loss & take profit:
fixed sl/tp in points
dynamic sl/tp based on atr volatility
adjustable volatility multipliers for sl and tp
optional disable (set to 0)
advanced features:
scale-out
: partial profit taking at configurable volatility levels
session filter
: trade only during specified hours (broker time)
volatility-based sizing
: atr-based dynamic position management
slippage and spread control
configuration:
magic number for multi-ea compatibility
custom trade comments
fully optimizable parameters
built-in optimization score (profit/drawdown ratio)
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.0"
#include <Trade\Trade.mqh>
enum ENUM_HOUR
{
h00 = 0, h01 = 1, h02 = 2, h03 = 3, h04 = 4, h05 = 5,
h06 = 6, h07 = 7, h08 = 8, h09 = 9, h10 = 10, h11 = 11,
h12 = 12, h13 = 13, h14 = 14, h15 = 15, h16 = 16, h17 = 17,
h18 = 18, h19 = 19, h20 = 20, h21 = 21, h22 = 22, h23 = 23.......
⚠ 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.