Moving Average x Relative Strength Indicator EA
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Moving Average x Relative Strength Indicator EA
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.
Description & Settings
MARSI-EA is a beginner-friendly Expert Advisor (EA) that combines the logic of the
Relative Strength Index (RSI)
and a
Simple Moving Average (SMA)
to identify and execute trading signals on financial markets like XAUUSD (Gold).
The EA is built to demonstrate:
Dynamic lot sizing based on account risk
RSI-based overbought/oversold entry conditions
Trend filtering using a Moving Average
SL and TP levels adjusted to symbol tick precision
This EA is
especially useful for learners
who are experimenting with technical strategies and want to understand how indicator handles, dynamic risk, and broker digit differences affect trading logic.
Trading Logic
The EA operates with the following entry rules:
Buy when
:
The current price is above the moving average (bullish)
RSI is below the oversold threshold (suggesting price will rise)
Sell when
:
Price is below the moving average (bearish)
RSI is above the overbought threshold (suggesting price will fall)
Stop Loss and Take Profit are configured using _Point , adjusted based on the broker’s pricing precision ( _Digits ).
External Input Parameters
Recommended Usage
Symbol
: XAUUSD (Gold)
Timeframe
: M15 or H1
Broker
: Any broker with proper tick data (test across both 2/3 and 4/5 digit brokers for consistency)
Backtest Range
: 3–6 months recommended
Conditions
: Ensure tick data is available for reliable RSI/MA values
Additional Notes
The function PipSize() helps normalize pip values across brokers with different _Digits .
The EA automatically calculates a lot size based on the current account balance and defined risk.
Code is modular and easily extendable with trailing stops, news filters, or other conditions.
This Project is an ongoing one and feedbacks are welcome!
