DislikedCan someone help me create an EA that automatically opens trade using RSI? Here are the parameters: 1. RSI with 70 upper level and 30 lower level 2. uses M1 time frame 3. initially uses 0.01 position size 4. whenever the RSI line graph hits the 70 level whether going up or going down, it will open a sell trade of 0.01 position size with 200 pips of take profit and 300 pips of stop loss. if it hits stop loss, it will open right away another sell trade this time multiplied by 2 the recently closed trade due to stop loss. 5. whenever the RSI line graph...Ignored
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martingle-rsi.mq4
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Source: https://www.mql5.com/en/forum/179931
Any Martingale-type strategy is a certain loss, sooner or later.
And, RSI is also useless as signals for EA.
BTW. You can find lots RSI EA's if you just Google.
Another example:
https://www.fxmarketstrategy.com/pro...-metatrader-ea
If you're looking for the Holy Grail indicator - STOP!