C Urrency – Eur/Usd (Can be used on other systems but may need tuning).
Candle Time - 5m for best results(works on multiple timeframes)
Recommended Broker - IIG (works with most)
Fully Automated EA for Longs and Shorts You can adjust to whichever RSI period and value you want.
–RSI PERIODS & VALUES WHILE THEY CROSS CAN ALL BE ADJUSTABLE IN THOSE INPUTS & TAKE PROFIT AND STOP LONG AND SHORT TRADES.
Default settings are to...
It puts on a LONGS and a short simultaneously when it is placed. It will reach Stop-loss if the Short moves above 20 pip. If the Short goes below 20 pips it will hit Take-Profit.
LONGS - These are the that you can buy when RSI drops below 15. If RSI for longs crosses above 70 it will mark Longs (RSI Close).
*When a SHORTS trade is put on it puts in a Long at the same time. It will reach Stop-loss if the Long moves below 20 pip. If the Long goes above 20 pips it will hit Take-Profit.
SHORTS – are to be sold when RSI exceeds 75. Shorts will be marked if the RSI crosses below 20.
*IMPORTANT**VOLUME SIZE IS IN PROCENT OF EQUITY. By default, it's set to longs at 11% and shorts @ 5%. CHANGE 100% for the two inputs of 1%. CHANGE 500% for the 2 inputs of 5%.
*Has an input slot to select currency. If you try on any other currency pair then EURUSD then you will need to change that input tab to say what ever currency pair you are trading or backtesting!
-USE AS A EXPERT ADVISOR
LIVE DEMO BACKTESTING MATCHES
MetaQuotes Software Corp. Currency. EUR/USD Initial deposit: 10 000.00. Leverage. 1:200. History Quality. 99% Real Ticks. 65278288. Symbols. 1 Total Profit. 5 950.65. Balance Drawdown: Absolute. 1 089.28. Total Equity Loss. 1 0744.1 Equity Drawdown. Relative. 1 024.21. Equity Drawdown. Relative. 1 1239.70. Profit Factor. 1.17 Margin Level.