Adding RSI and Momentum Thresholds to Pending-Order Strategies

Summary

This brief note describes a modification to an existing Expert Advisor that lets users set RSI and Momentum parameters. Its concrete example is an RSI buy restriction: when the configured limit is 70, the system will not place a pending buy order while RSI is above that level. The change is presented as an adjustable indicator filter for the EA’s order-placement logic, with the suggestion that users could adapt the code to other indicators.

The document does not explain the underlying long- and short-side strategy, specify how Momentum is used, or provide the promised code lines in the supplied text. It gives no test results, entry or exit rules beyond the example buy restriction, or guidance on choosing thresholds. As a result, it offers a narrow implementation concept rather than a complete trading system, and the effect of the filter on returns or risk is unknown.

Key ideas

• The EA modification exposes RSI and Momentum settings as user-adjustable parameters.
• An RSI buy limit can block pending buy orders when the indicator exceeds the configured threshold.
• The note suggests that users could adapt the indicator checks to other choices.
• The document does not detail the Momentum logic or provide the referenced code changes.
• No performance evidence or threshold-selection method is included.

Tags

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