RSI and RSI Moving Average Crossover EA Rules and Controls

Summary

This expert advisor generates trades when a fast and slow line from a custom RSI-based indicator cross. A cross below the RSI midpoint signals a buy, while a cross above it signals a sell. Signal evaluation can occur on every tick or at the start of a new bar on a chosen working timeframe; the EA limits entries to one per bar.

The description covers configurable stop loss, take profit, trailing stops, trading hours, and direction restrictions. Position sizing can use a fixed lot, a risk percentage, or the minimum lot. Additional controls allow limiting the EA to one open position, reversing signals, or closing opposing positions before entry. These are implementation features, not evidence of profitability: the document supplies no backtest results, asset-specific guidance, or evaluation of false signals and execution costs.

Key ideas

• The EA buys on a fast and slow RSI-derived line crossover below the midpoint and sells on a crossover above it.
• Signals can be evaluated intrabar or at the opening of a new bar on the selected timeframe.
• Stop loss, take profit, trailing stop, and trading-hour controls are configurable.
• Position sizing supports fixed lots, percentage risk, or minimum lots.
• Position controls can limit open positions, reverse signals, and close opposing positions.

Tags

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