Multi-Timeframe RSI Robot with Signal Reversals and Lot Rounding

Summary

This document describes an automated RSI strategy that checks completed H1 and D1 candles. A buy requires RSI on both timeframes to be above an oversold threshold, with the current RSI rising versus its prior value. A sell uses the corresponding overbought threshold and requires RSI to be falling. Using completed candles is intended to prevent signals from changing while a candle is still forming.

The robot maintains at most one position per instrument under its identifier. When a signal points opposite to the open position, it closes that position and opens one in the new direction. At initialization, it adjusts the requested lot to the broker’s permitted volume step and checks the minimum size. The description explains the signal and order-management rules, but supplies no backtest results or evidence of profitability. It also leaves unspecified key implementation choices such as stop-loss, take-profit, and broader account risk controls.

Key ideas

• The strategy confirms RSI direction across completed H1 and D1 candles.
• A buy signal requires both RSI readings above the oversold threshold and rising values.
• A sell signal requires both readings below the overbought threshold and falling values.
• The robot closes an opposing position before opening one aligned with a new signal.
• Requested trading volume is rounded to the broker’s allowed step and checked against its minimum.

Tags

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