RSI Trader V01.10
RSI Trader V01.10 — 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). This copy is version 01.10. Its source code uses RSI and moving averages. It has 7 settings, for example RSIPeriod (default 14), Short price MA periods (default 9) and Long price MA periods (default 45). 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 · v01.10 · Free
About RSI Trader V01.10
RSI Trader V01.10 is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Moving Average. It has 7 settings, such as Rsi period, Short price ma periods and Long price ma periods. MQL source code included.
Files in the download: RSI trader v01.10.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 |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Short price ma periods | 9 | Number of bars in the calculation |
| Long price ma periods | 45 | Number of bars in the calculation |
| Short rsi ma periods | 9 | Number of bars in the calculation |
| Long rsi ma periods | 45 | Number of bars in the calculation |
| Lots | 1 | Trade size in lots |
| Slippage | 3 | 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 · Moving Average · MT4 Expert Advisor · MQL4 Source Code