The RSI MA EA Metatrader 4 Forex robot is an algorithmic trading system that have been active since 2000.
It is an expert advisor that functions based on the Moving Average trend and the Relative Strength Index overbought and oversold regions.
Interestingly, the RSI MA EA does not have targets but rather exits trades in line with its soonest profits.
It’s a forex robot that always wants to win.
The designed logic that signals a buy/sell on the RSI MA EA is based on the overbought or oversold conditions from the RSI indicator which matches price being aligned either below or above the moving average.
Download the “MA-RSI-EA.mq4” MT4 robot
Strategy Tester Report
Find below the RSI MA EA forex robot strategy tester report for the GBP/JPY forex pair on the 1-Minute chart.
The EA made a total profit of $2055.29 from a total of 6147 trades. The largest winning trade generated $556.01 in profits, while the largest losing trade generated a loss of-$577.63.
Bars in test: 5750465 ticks modelled
Initial deposit: $100.00
Total net profit: $2055.29
Total trades: 6147
Largest profit trade: $556.01
Largest loss trade: -$577.63
Consecutive wins: 18
Consecutive losses: 1
Download the “MA-RSI-EA.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Lot Value Mode, *Fixed Lot, *Percentage of Balance, *Percentage of Equity, MA Period, MA Shift, MA Method, MA Price, RSIperiod, RSIprice, RSIoverbought, RSIoversold, Magic
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: RSI | MA
Copy and paste the MA-RSI-EA.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)