The
Relative Strength Index – RSI is a momentum indicator that measures the
magnitude of recent price changes to analyze overbought or oversold conditions.
It is primarily used to attempt to identify overbought or oversold conditions
in the trading of an asset.
FlyEA iRSI uses the stoploss and take profit is
in currency. There are many time
options, they can also be used as a daily stop without the need to recharge the
EA, this automatic system can also be used in the tester and allows for
interesting and useful searches. This is a professional expert advisor.
Suggested
settings:
-
Minimum
leverage: 1:200, advice:1:500 -
Minimum deposit:
$2000;
- Lots size: balance/100*0.01;
- All pairs, advice: AUDUSD, EURUSD,
GBPUSD,USDCAD, USDCHF, USDJPY;
-
Any time,
advice: M5 and signal period M30, H1, H4, D1;
-
Trading type: NO Reserving margin for pending orders;
-
ECN broker with low spread and VPS are
recommended; -
Small spread significantly increases the
EA’s efficiency;
Information:
-
Please test expert on demo account first, before uses
it on real account. Have on your mind, all Expert Advisor are sensitive
and depend on brokers spreading and slipping, it is essential to be successful in the trade choose
an excellent broker.
Parameters:
-
Use Time – use/no use time;
-
Start Time – at time start
trading; -
End Time – time
to pause trading, no opening new trades but managing open
trades; -
Trade Monday
– enable/disable
trading of Monday; -
Trade
Tuesday – enable/disable
trading of Tuesday; -
Trade
Wednesday – enable/disable
trading of Wednesday; -
Trade Friday
– enable/disable
trading of Friday; -
Close Trades At Time – enable/disable close all trades;
-
Close Trades Time – at time close all trades;
-
Magic Number
– a unique number
of the EA’s orders; -
Start Lots –
fixed lot size, recommended (Deposit/ 100*0.01); -
Step Main Orders – step order buy or sell (200 = 20 pips);
-
Max Orders In Work – maximum open trades;
-
Max Volume
Lots In Work – max volume
lots; -
Max Slippage – maximum slippage;
-
Max Spread – disable trading when the floated current spread
exceeds the predefined value; -
Use Trailing Equity
– true = enable trailing
stop. false = disable trailing stop; -
Trailing Start Equity – all
trades with this magic, trailing start levels in currency; -
Trailing Stop Equity – all trades with this magic, trailing stop levels in
currency; -
Trailing Step Equity – all trades with this magic, trailing step levels in
currency; -
Enable Basket – true = enable the basket, false = disable the basket;
-
Basket Profit – the minimum profit value, in currency,
(basket with this magic); -
Basket Loss – the maximum loss value, in currency,
(basket with this magic);
Parameters of the indicators:
-
Signal Period – define the period of work;
-
RSI Period – define the period;
-
RSI Price – price type used for calculating the signals;
-
RSI Shift – define deviation;
-
RSI Value Buy Less – level of
hyper bought; -
RSI Value Sell More – level of
hyper sold; -
MA Period – define the period for moving average;
-
MA Method – method used for calculating moving average. Options
are: Simple, Exponential, Smoothed and Linear Weighted; -
MA Price – price type used for calculating moving average;
-
MA Shift – define
deviation;
Parameters trade intraday:
-
USE Automatic Time – enable/disable EA operation;
-
EA Open Order After – start trading at time;
-
EA Works Until – pause trading at time, no opening new trades but managing open
trades; -
EA Closes All Orders At – close all trades at time and automatic start new trading
at time;