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REGISTER PARTICIPANTS Expert Hr Rsi Scalper Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 6, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #hrrsiscalper

    hr-rsi-scalper-logo-200x200-5094.png

    The EA buys when RSI is overbought and sells when RSI is oversold with a 100 Point Profit Target and a 1000 Point Stop . If the result from the first trade is positive , the EA will open the next order in reverse , buying when the RSI is oversold and viceversa untill it gets a loss . If it gets a loss it reverses order direction again .

    The "HR" from the name comes from "High Risk" because if it gets, a loss it will recover it by increasing Lot size with the help of the implemented Recovery Factor which is set to 12 to recover the 1000 Points lost .

    The EA uses two levels of recovery , after which it does not increase lot size any more to prevent further losses .

    Pairs : GPB/USD , AUD/USD , USD/JPY ;

    Timeframe : H1 ;

    Minimum recomended Balance : 500 USD ;

    Parameters :

    Lots - for fixed Lot setting ; TakeProfit, set to 100 Points ; StoLoss ,set to 1000 Points ; TrailingStop in Points ;

    ManageLot if you want the EA to manage Lot size , correctly calculated for accounts in USD ; RiskPercent ,set to 0.5 , not recomended to set above 1 ;

    RecoveryFactor set to 12 ; RSIPeriod = 14 ; RSIUpperLevel and RSILowerLevel ; MagicNumber to differentiate from other EA's.

    hr-rsi-scalper-screen-1247.png hr-rsi-scalper-screen-2451.png

     
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