XRSI47 MT4 Ron V03c
XRSI47 MT4 Ron V03c is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses RSI. It can size trades from your risk. It has 6 settings, for example Lots (default 0.1), Slippage (default 2) and Slow RSI (default 14). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 · v03c · Free
About XRSI47 MT4 Ron V03c
XRSI47 MT4 Ron V03c is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It can size trades from your balance and risk percent. It has 6 settings, such as Lots, Slippage and Slow rsi. MQL source code included.
Files in the download: [ea]XRSI47_MT4_Ron_v03c.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 |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Slow rsi | 14 | |
| Fast rsi | 7 | |
| Type rsi | 6 | |
| Use bar0 | false |
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: Risk & Lot Size · RSI · MT4 Expert Advisor · MQL4 Source Code