Multi-Timeframe RSI Confirmation Strategy for MetaTrader 5

Summary

The document describes an automated RSI strategy that uses H1 signals with D1 confirmation. A buy requires RSI on both timeframes to be above the oversold threshold and rising relative to its previous reading; a sell requires RSI below the overbought threshold and falling. Signals use completed candles, so decisions are made after bar close rather than from changing intrabar values.

The expert advisor maintains at most one position per instrument and reverses when an opposite signal appears. It also adjusts the requested trade volume to the broker’s permitted minimum and increment. The document presents the rules but gives no backtest, live results, risk controls such as stop losses, or evidence that higher-timeframe confirmation improves outcomes. Its claim that confirmation reduces false entries is not supported with measurements, and the described thresholds are defaults rather than universally validated settings.

Key ideas

• The strategy confirms H1 RSI signals with D1 RSI direction.
• Buy and sell entries require RSI threshold conditions and movement in the signal’s direction.
• Signals are evaluated using completed candles.
• The system holds at most one position per instrument and can reverse on an opposite signal.
• The description includes broker volume-step handling but no performance results or detailed risk controls.

Tags

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