AI Trade EA

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  • Platform: MT4

  • TF: Recommended M5 but ALL

  • Leverage: 1:500

  • Pairs: EURUSD – and all

  • Broker: ECN or Low Spread Account

  • Min Deposit: $100 per pair

AI Trade EA

Expert Advisor based on the RSI Indicator.

The strategy is quite simple:

•    If the lower level of the RSI is crossed from bottom to top, a BUY deal is opened.
•    If the upper level of the RSI is crossed from top to bottom, a SELL deal is opened.

The lot size is fixed and is specified in the settings (Lot) or are automatically calculated depending on the initial capital (it can be configurated in the Ea´s control panel too).

Since the indicator may temporarily cross any of the levels (upper or lower) during the process of candlestick formation, the trade signal is checked at the closing of a candlestick, and consequently, the deal will be opened at the opening of the next candle.

But the closing gets a bit more interesting — the deals are mainly closed when the opposite signal appears. Respectively, if buy deals are open, and a sell signal appears, then all the buy deals are closed and a single sell deal is opened.

However, if any of the buy deals has a Stop Loss set and closing it would yield profit or would simply get it into the breakeven, then the deal will not be closed (swap is not taken into account here), the same will happen to the sell deals.

Roboforex ECN Live Account – Leverage: 1-500 – Starting Capital: 100