MQL5 Expert Advisor Combining Moving Average and RSI Signals
Summary
This document describes an MQL5 Wizard-generated Expert Advisor that combines a moving-average trend signal with the Relative Strength Index. It evaluates signals when a new bar appears and uses weighted indicator inputs with configurable thresholds to open and close positions. The listed defaults use a 20-period simple moving average with a horizontal shift, a short-period RSI, and equal fixed stop-loss and take-profit distances. Orders can be placed at the current price or as pending stop or limit orders, and pending orders have a configurable lifetime.
The page identifies a EURUSD, 15-minute test period and initial deposit, but supplies no visible performance results or interpretation of the test. It therefore teaches the EA's structure and exposed parameters rather than demonstrating profitability. The document does not explain the Wizard's signal scoring in detail, justify the chosen settings, or discuss transaction costs, slippage, or broader risk controls.
Key ideas
- The Expert Advisor combines a moving-average trend signal with an RSI oscillator.
- It checks for signals only when a new bar forms.
- Weighted signals and configurable thresholds determine when positions open and close.
- Stop-loss, take-profit, order placement, and pending-order expiry are configurable.
- A historical test is identified, but no performance results are provided in the document.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.