Rsi Ea 5
From the Old Kings archive: Rsi Ea 5, an expert advisor (trading robot) for MetaTrader 4. Its name points to the RSI oscillator (overbought / oversold zones). In the code it works with RSI. It moves the stop behind price and can size trades from your risk. It has 15 settings, for example Open BUY (default True), Open SELL (default True) and Close By Signal (default True). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Ea 5
Rsi Ea 5 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 15 settings, such as Open buy, Open sell and Close by signal. MQL source code included.
Files in the download: rsi_ea (1).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 |
|---|---|---|
| Open buy | True | |
| Open sell | True | |
| Close by signal | True | |
| Stop loss | 0 | Stop loss distance |
| Take profit | 0 | Take profit distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Rs iperiod | 14 | Period or timeframe used by the calculation |
| Buy level | 30 | |
| Sell level | 70 | |
| Auto lot | True | |
| Risk | 10 | Risk per trade (percent of balance) |
| Manual lots | 0.1 | |
| Magic number | 123 | Magic number that tells this EA's orders apart |
| Koment | RSIea | |
| Slippage | 10 | Maximum slippage allowed when opening a trade |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code