MMM RVI and Moving Average

The strategy is based on RVI oscillation to check the prices trend and direction and check the moving avarages (Open Price and Low Price) to decide about the viability of opening any order. Market is very unpredictable due to economic news published every hour, but our EAs are really prepared for such hostility due to its protections.

This Expert Advisor is provided with two kinds of indicators:

• an oscilator (RVI) in order to check the prices oscillation limit pattern and direction trend;
• two Moving Averages where one checks the Open Price average and the other check the Low Price average and verifies if the asset current price is above or under or between the MAs in order to decide wether or not to open the indicated type of order;

It protects your money because it is provided with:

• trailing stop loss to protect your profit. once your order has a positive profit, it sets SL at a certain distance in order to keep a positive profit;
• Spread value limit to prevent opening an order at a high Spread value. Usually brokers uses variable Spread values;
• minimum equity percentage to limit your risks. You may limit your investments and restrict it to a certain percentage of your money;
• Stop Out level to close all your pending orders after reaching a certain equity percentage low level. Some brokers do not do it automatically.
• limits the number of pending orders. This way you will not bankrupt your account with too many pending orders.
• Bad Time to Trade where you define the hours the EA shoud not trade (order open time).

Attention! The default input values are already optimized for EURUSD at time frame M15. Always use the strategy tester optimization to set the best values for your assets and time frame. It is very important and strongly recommended for successful trading. Optimize the input values as you need.

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