DT RSI EXP1
DT RSI EXP1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones). Its source code uses RSI. It moves the stop behind price. It has 6 settings, for example Period RSI (default 47), Time Frame RSI (default 15) and Take Profit (default 76). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About DT RSI EXP1
DT RSI EXP1 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It moves the stop loss behind price (trailing stop / break-even). It has 6 settings, such as Period rsi, Time frame rsi and Take profit. MQL source code included.
Files in the download: DT-RSI-EXP1.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period rsi | 47 | Number of bars in the calculation |
| Time frame rsi | 15 | Period or timeframe used by the calculation |
| Take profit | 76 | Take profit distance |
| Stop loss | 26 | Stop loss distance |
| Lots | 0.1 | Trade size in lots |
| Trailing stop | 0 | Trailing stop distance or switch |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: RSI · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code