RSI Scalping EA that make your trading easy
Most people so much curious about RSI. For that today I share with you a RSI Scalping EA which make by RSI indicator (Relative Strength Index) and look at some tests on Back-test for which someone has shared this expert adviser (these results do not come out by me).
The configuration we propose is to make scalping 15 M chart , using a set SL and TP and entered overbought areas and sell showing the RSI. Such RSI Scalping EA are often well in Pro Back-tests, but the moment of truth depend on many factors to be profitable and important one is the spread that gives us our Broker. OK let see one second below and follow
- Period RSI: 2
- Bullish Level: 70
- Bearish Level: 30
- Time Frame (TF): 15M
Market Entry Rules:
- Buy: when RSI is below 30
- Sale: when the RSI above 70
- Stop Loss: 25 pips
- Take Profit: 10 pips
- Break Even: +5 pips
As I mentioned before, I have not managed to see these results in back testing of this rsi ea, so I leave it to you to try it in demo and realize your Back-test, if you get similar results leave a comment! its just help for you.
Result 1 year 2014-2015: 1k to 6k
Result of three years 2012-2015: 1k to 17k
These results are using the same logic, you will see that in shaping the rsi trading robot is already all set by default, you can touch the fixed or dynamic batch according to established risk. Don’t forget to try it in demo account first. Then If you satisfied with this ea or robot then try in real trading account.
<strong>Remember try to get trade by manually.Its help you lot and develop your analysis level. Happy Trading.</strong>