RSI Predator EA

RSI Predator EA

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Product Description

Expert Advisor version of the RSI Predator

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Additional Information

April 21st

  • Added an option to choose between "User Input Stop Loss," which sets a stop loss based on the entry price and the user-input stop loss in pips, or "Recent High/Low," which sets the stop loss at the most recent high (for sells) and the most recent low (for buys).
  • Added Grid Outscaling: https://discord.com/channels/979810664950423553/1218561655638720659/1227980641111511051
  • Added an input for the Hedge stop loss.
  • Added the "Make Profit Back" filter so that if the hedge hits stop loss, it will recover the loss plus the expected gain.

April 18th

  • Added a toggle to choose between "RSI-Predator" or "RSI-Predator-Pro" as the trend indicator.

April 20th

  • Updated the "RSI-Predator-Pro" trend to work as intended

April 18th

  • Added a toggle to choose between "RSI-Predator" or "RSI-Predator-Pro" as the trend indicator.

April 4th

  • Removed the ban from Ox Securities

April 2nd

  • Updated the default settings to the current profitable settings

Use this EA on EURUSD on the 1 minute timeframe. When loading, hit "Reset" in the bottom-right corner of the EA inputs tab to ensure you are using the default settings.

March 9th

  • Added in another Start time and Stop time

March 7th

  • Added in Start time and Stop time
  • Added in Buy/Sell RSI levels

March 6th

  • 'Close Bot Trades' function update

March 4th

  • Trailing Percent function update

February 26th

  • fix array out of range error in the MT4 version

 

Summary of Each Input:

  • API Key: Your full API key from your profile.
  • Ping Pong: Determines trading order. When set to TRUE, after taking a buy setup, the system will next take a sell setup, and alternate thereafter. If FALSE, setups can be taken in any order, without regard to sequence.
  • Risk: Specifies the risk per trade as a percentage.
  • TP in %: The take profit threshold as a percentage. Trades are closed once your account profit reaches this specified percentage.
  • Stop Loss: Defines the stop loss for each trade.
  • Magic Number: A 6-digit identifier used by your broker to recognize your trades.
  • RSI Period: Specifies the period for the RSI indicator.
  • RSI Applied Price: Indicates the price used for the RSI indicator.
  • Max Candles to Calculate: The number of candles the machine learning model uses for making predictions.
  • Use Martingale: Determines whether to use martingale strategy. Set to FALSE to avoid martingale; TRUE activates martingale based on the settings that follow.
  • Martingale if Hedge Opened: If TRUE, martingale strategy continues even when a hedge position is open.
  • Pips Start: The activation point, in pips, from the initial order for martingale or hedging.
  • Pips Step: Determines the increment, in pips, for placing additional orders as the market moves oppositely.
  • Max Trades: The maximum number of martingale trades allowed.
  • Order Multiplier: The lot size of the subsequent trade is the current trade's lot size multiplied by this value.
  • Use Trailing Percents: When TRUE, the system monitors your profit based on the settings below.
    • Start: The EA sets a mental stop loss percentage once profit reaches this percent.
    • Step: The mental stop loss percentage increases incrementally with profit by this value.
    • Stop: The initial mental stop loss percentage.
  • Use Hedge: If TRUE, activates hedging based on the settings below.
    • Start Hedge (Pips): The drawdown value, in pips, at which a hedge is placed.
    • Hedge Multiplier: The lot size for the hedge is the sum of your current lot sizes multiplied by this value.


      

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