RSI Daily EAv1
RSI Daily EAv1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). Its source code uses RSI. It handles several symbols. It has 12 settings, for example Magic Code (default 5), RSI Period (default 14) and RSI Upper Level (default 53). 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 RSI Daily EAv1
RSI Daily EAv1 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It works on several symbols at once. It has 12 settings, such as Magic code, Rsi period and Rsi upper level. MQL source code included.
Files in the download: RSI_DailyEAv1(Bullforyou.com).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 |
|---|---|---|
| Magic code | 5 | Magic number that tells this EA's orders apart |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi upper level | 53 | |
| Rsi lower level | 47 | |
| Use rising falling rsi | 0 | |
| Take profit | 0 | Take profit distance |
| Stop loss | 0 | Stop loss distance |
| Stop loss gap | 1 | Stop loss distance |
| Min stop loss | 100 | Stop loss distance |
| Lots | 1 | Trade size in lots |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Signal candle | 1 |
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 · Multi-Currency · MT4 Expert Advisor · MQL4 Source Code