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RSI Mean Reversion EA with ATR Stops and Position Sizing

Article MQL5 code base
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Summary

The document outlines an automated trading system for MetaTrader 5 that uses RSI thresholds to identify mean-reversion entries. Its default overbought and oversold levels are 80 and 20, and it detects threshold crossings as signals. An open position is closed when an opposite signal appears.

Risk controls include fixed or percentage-based sizing, limits on position size and concurrent trades, and risk calculations based on balance, equity, or free margin. Stops and profit targets can be fixed in points or adjusted using ATR volatility, with optional partial exits at volatility levels. Slippage and spread controls are also listed. The text describes features and configurable settings but provides no backtest, performance evidence, markets, or trading timeframe, so it does not establish profitability or general suitability.

Key ideas

  • The system enters on RSI crossings of configurable overbought and oversold levels.
  • Positions are exited when the opposite RSI signal appears.
  • Position sizing can use fixed lots or a percentage of a selected account measure.
  • Stops and targets can be fixed or adapted to ATR volatility.
  • Partial profit taking, trade limits, and slippage and spread controls are available.

Tags

Mean reversionTechnical indicatorsRisk managementPosition sizingVolatility

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