Buy opening conditions: RSI crosses the oversold level (default 30) from above to below and opens the first order. If the prices keeps going to the negative side then EA opens extra buy trade every (step pips). Once TP is reached, EA waits for another oversold crossover and tries to reach TP again.
Sell opening conditions: RSI crosses the overbought level (default 70) from below to above and opens the first order. If the prices keeps going to the negative side then EA opens extra sell trade every (step pips). Once TP is reached, EA waits for another oversold crossover and tries to reach TP again.
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Inputs menu of the RSI martingale expert advisor.
I've made some settings optimization. In the downloaded files, you will find three different settings set files. These settings show pretty good results, so I wanted to share them with you. These settings are for 1H, but I think they can work with other timeframes too. Obviously, you can try to run optimization by yourself and find the best settings that fit your needs. Let me know in the comments below what you think about this forex strategy.
Settings 1 GBPUSD 1H 2020.01.13 - 2021.04.17
Settings 2 GBPUSD 1H 2020.01.13 - 2021.04.17
Settings 3 GBPUSD 1H 2020.01.13 - 2021.04.17
EA has the most used features, we don't want to add too much stuff in the original EA. So we offer custom updates for any of our EA - you can easily order a custom update and adapt this EA to your specific needs.
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