Auto Trade (RSI) Metatrader 4 Forex Robot

The Auto Trade (RSI) Metatrader 4 Forex Robot is an algorithmic expert advisor that opens, exits and manages positions based on the Relative Strength Index level crosses.

It is possible for users to set desired levels they want the Auto Trade (RSI) forex robot to deploy in opening and closing trades.

The logic that is used to define trade entries on the Auto Trade (RSI) EA is to buy when the RSI is above 50 and sell when below 50.

All timeframes will work on the Auto Trade (RSI) expert advisor but our preference falls on the 15- Minute chart.

Free Download

Download the “Auto_Trade_With_RSI.mq4” MT4 robot

Strategy Tester Report

Find below the Auto Trade (RSI) forex robot strategy tester report for the EUR/GBP forex pair on the 15- Minute chart.

Overall Performance

The EA made a total profit of $433.67 from a total of 24 trades. The largest winning trade generated $36.79 in profits while the largest losing trade generated a loss of-$162.67.

Statistics:

Bars in test: 2049 ticks modelled

Initial deposit: $500.00

Total net profit: $433.67

Total trades: 24

Largest profit trade: $36.79

Largest loss trade: -$162.67

Consecutive wins: 23

Consecutive losses: 1

Download

Download the “Auto_Trade_With_RSI.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Program, OpenBUY, OpenSELL, RSIperiod, ManualLots, AutoLot, Risk, StopLoss, TakeProfit, CloseBySignal, TrailingStop, Slippage, MagicNumber

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: RSI

Installation

Copy and paste the Auto_Trade_With_RSI.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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