REGISTER PARTICIPANTS Expert Bts Rsi High Low Mt4

#btsrsihighlow



This EA adopts the RSI indicator to monitor price movements and trades accordingly. It can be used for any currency pair and for any timeframe.

Strategy 1

• Long Entry Rule: When RSI has crossed low_level downwards, reached lower_level, and then crossed back up through low_level.
• Short Entry Rule: When RSI has crossed high_level upwards, reached higher_level, and then crossed back down through high_level.
• Exit Rules: Close a trade when RSI reaches the opposite side (high_level for long order, low_level for short order).

Strategy 2
Set low_level=lower_level and high_level=higher_level.

• Long Entry Rule: When RSI has crossed low_level downwards, formed a bottom, and then crossed back up through low_level.
• Short Entry Rule: When RSI has crossed high_level upwards, formed a peak, and then crossed back down through high_level.
• Exit Rules: Close a trade when RSI reaches the opposite side (high_level for long order, low_level for short order).

Default settings use RSI(14) on closing prices, higher_level=70, high_level=70, low_level=30, lower_level=30. These settings are not recommended for all pairs and timeframes. The trader might need to optimize the inputs for desired profitability.