Forex RSI Extremums Binary Options Strategy 1
Forex RSI Extremums Binary Options Strategy 1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones). Its source code uses moving averages, ATR and RSI. It places pending orders, can size trades from your risk and has a news filter. It has 19 settings, for example Num Bars (default 500), Signal1Color (default Red) and Signal1Pos (default Low). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 9 indicator files 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 Forex RSI Extremums Binary Options Strategy 1
Forex RSI Extremums Binary Options Strategy 1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average, ATR and RSI. It places pending buy/sell stop or limit orders, can size trades from your balance and risk percent and has a news filter. It has 19 settings, such as Num bars, Signal1 color and Signal1 pos. MQL source code included.
Files in the download: installation manual.txt, RSI Extremums Binary System.tpl, RSI EXTREMUS .mq4, RSIEXtremumsSystemJanus.ex4, RSIEXtremumsSystemJanus.mq4, RSI_Extremums_Sample.ex4, RSI_Extremums_Sample.mq4, RSI EXTREMUS .ex4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Num bars | 500 | |
| Signal1 color | Red | Colour on the chart |
| Signal1 pos | Low | |
| Signal1 text | (CustomIndicator( RSI_Extremums_Sample , | |
| Signal1 character | 167 | what character to display? by default it is 167 (a small square) |
| Signal2 color | Yellow | Colour on the chart |
| Signal2 pos | Low | |
| Signal2 text | (CustomIndicator( RSI_Extremums_Sample , | |
| Signal2 character | 167 | what character to display? by default it is 167 (a small square) |
| Max slippage | 3 | Maximum slippage allowed when opening a trade |
| Verbose mode | 1 | |
| Mt4 alert | true | Turn this alert on or off |
| Email alert | true | Turn this alert on or off |
| Email subject | Signal Alert : | Turn this alert on or off |
| Look back for alerts | 5 | Turn this alert on or off |
| Label corner | 0 | |
| Fast ma | 12 | |
| Slow ma | 24 | |
| Crosses | 50 |
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 · Binary Options · Pending Orders · Risk & Lot Size · News Trading · Moving Average · ATR · MT4 Indicator · MQL4 Source Code