A Moving Average and RSI Expert Advisor with Stops and Trailing Exits

Summary

This implementation guide describes a MetaTrader 5 Expert Advisor that combines a short-period RSI with a simple moving average to generate buy and sell decisions. The moving average is used as a trend filter, while RSI thresholds indicate potential overbought or oversold conditions. The EA includes configurable trade size, stop loss, take profit, and trailing stop settings, with MQL5 code for indicator handling and order management.

The article reports a backtest on USD/JPY on an hourly chart over a stated date range and says the tested settings were those used in the implementation discussion. It offers no detailed performance statistics in the supplied text and gives a caution that parameter choices can affect both risk and losses. The author recommends testing across symbols and market conditions and monitoring the system; the example does not establish that the rules will perform reliably in live trading.

Key ideas

• The EA combines RSI thresholds with a simple moving average to form trading signals.
• Trade size, stop loss, take profit, and trailing stop are configurable inputs.
• The guide covers indicator data handling and automated order management in MQL5.
• A single hourly USD/JPY backtest is mentioned, without detailed performance metrics in the text.
• The article advises broader testing and ongoing monitoring before relying on the EA.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.