PZ RSI Trader EA

This EA trades using the RSI Indicator. It offers many trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

• Easy to use and supervise
• It implements three different entry strategies
• Customizable break-even, SL, TP and trailing-stop
• Works for ECN/Non-ECN brokers
• Works for 2-3-4-5 digit symbols
• Trading can be NFA/FIFO Compliant
• Implements a martingale and inverse martingale features
• Customizable indicator settings
• Filter trading by forex sessions
• Built-in money management

The EA implements the following entry strategies, that can be enabled or disabled at will:

• Trade when the RSI Indicator is oversold or overbought
• Trade when the RSI comes back from an oversold or overbought condition

Four different trading behaviors are available in the EA inputs:

• Regular: The EA will buy at bullish signals and sell at bearish signals
• Inverse: The EA will sell at bullish signals and buy at bearish signals
• only Buy: The EA will buy at bullish signals and disregard bearish signals
• only Sell: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

• Trade manual lotsize: The EA will trade a fixed lotsize on each trade
• Auto-calculation of lotsizes: The EA will risk % of the account on each trade
• Martingale: The EA will double the lotsize after a losing trade
• Inverse Martingale: The EA will double the lotsize after a winning trade