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Discussion in 'Forex Market MQL5' started by James Goldman, Sep 30, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #rsipips

    rsi-pips-logo-200x200-3748.png

    The grid trading advisor works according to the signals of the Relative Strength Index indicator.

    • Sell signal: RSI is the upper limit and the price is above the 1 to 1 level, the buy will close.
    • Buy signal: RSI is the lower limit and the price is below the 1 to 1 level, the sell will close.
    Recommendations

    • Standard trading account, reliable computer, uninterrupted internet or VPS.
    Settings

    • MinLot - the starting trade volume.
    • MaxLot - maximum trade volume.
    • LotMultiplierLoss- lot multiplier after a losing trade (Martingale), 0 - disabled.
    • LotMultiplierProfit - lot multiplier after a profitable trade, 0 - disabled.
    • StopLoss - loss in points.
    • TakeProfit - profit in points.
    • Step - the distance between orders in points, if the price goes minus, a new deal will be opened.
    • StepPrice - distance from the price level 1 to 1 for opening trades.
    • NewBar - opening deals on a new bar true (yes), false (no).
    • CloseTradesOnFriday - closing deals on Friday true (yes), false (no).
    • FridayEndTime - Hour: The minute that Friday was closed.
    • MondayStartTime - Hour: The minute that Monday was opened.
    • RSISELL - the lower border of the sell indicator.
    • RSIBUY - the upper border of the buy indicator.
    • RSIPeriod - indicator period.
    • RSIApply - is the price used in calculating the indicator.
    • Magic - is the magic number for the robot's trades.
    • UseSound - sound signal for opening and closing true (yes), false (no).
    • InfoDisplay - information on the chart true (yes), false (no).

    rsi-pips-screen-9944.png rsi-pips-screen-7845.png rsi-pips-screen-6448.png

     
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