RSI Value EA
Logic:
- RSI-Based:
- The EA uses the RSI (Relative Strength Index) to determine trade entry points.
- A buy signal is generated when the RSI is below 90, indicating an oversold condition.
- A sell signal is generated when the RSI is above 10, indicating an overbought condition.
- Order Management:
- The EA ensures only one trade is open at any given time by checking the total number of active orders with the same MagicNumber.
- Dynamic lot sizing is implemented through the AdvancedMM function, which adjusts lot sizes based on the history of profitable or losing trades.
- Trailing Stop:
- The EA implements a trailing stop mechanism for both buy and sell orders.
- The stop loss is adjusted to lock in profits as the market moves favorably.
