Super RSI Trader EA V5.1 (MT4/MT5)
Overview
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.
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
Overview
Input parameters
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
Indicator Settings
Enter your desired RSI input parameters and oversold/overbought values.
Position Management
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, break-even behavior, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
Trading Settings
Select trading direction and trading scenarios to trade.
Session Settings
Enable or disable trading for the Asian, European or American sessions, as well as trading week days.
Filter Settings
This parameter group allows you to enable or disable multi-timeframe logic for the trades. For example, if you want to trade on the H1 chart confirmed by the D1 RSI, load the EA on the H1 chart and set D1 Filter to true.
Money Management
In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended. You can also enable NFA/FIFO compliant trading
EA Settings
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.
Is the EA NFA/FIFO Compliant?
Yes, it is. Set the parameter called NFA/FIFO Compliant to true.
Do I need a VPS to run the EA?
Yes, you do. Or having your home computer turned on 24/5.
Can I interfere with the trades of the EA?
Yes, you won’t cause the EA to missbehave.
Will this EA interfere with other EAs running in my account?
No, it won’t.
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