MA RSI EA
Logic:
- Trend-Following:
- The EA uses a Moving Average (MA) to determine the trend direction.
- A Buy Order is triggered when the RSI is below the oversold level, and the price is above the MA.
- A Sell Order is triggered when the RSI is above the overbought level, and the price is below the MA.
- RSI-Based:
- The EA incorporates the Relative Strength Index (RSI) to identify overbought and oversold conditions in the market.
- It uses these conditions to decide when to enter and exit trades.
- Scalping:
- The EA is designed to capitalize on quick market movements, making it suitable for scalping strategies.
- It closes all trades when the cumulative profit exceeds a certain threshold.
- Order Management:
- The EA dynamically adjusts the lot size based on either a fixed lot size, a percentage of equity, or a percentage of balance, ensuring appropriate risk management.
- It also displays relevant account information such as profit & loss, equity, and balance directly on the chart.
