RSI swing. RSI 3x MT4 Expert advisor ™ TFK ALGO

SKU 00005
€4.90
In stock
1
Product Details
  • RSI trend filter: Central gap, distance below and above 50 line in the indicator. Buy above 50. Sell below 50. Central gap value will modify sensitivity of the expert to the trend and momentum.
  • RSI signal: Position will be entered once RSI closes within overbought/oversold zone and subsequently closes back within the 70 -30 range. Expert advisor will sell at 70 line and buy at 30 line. EA considers only closed data of the indicator as a signal.
  • Universal trailing stop (Extra deviation for the trail stop). TS is adjusted after each candle close. Placed below last low for long orders and placed above last high for short orders. Extra deviation can be applied to put TS further away from the entry. TS will be adjusted with each consecutive candle close, only in the direction of winning trade.
  • Closing methodology: Position will be closed once complete signal for opposite entry occurs or at trailing stop.
  • MAX number of trades (1 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • MAX slippage: Modify maximum acceptable slippage for expert advisor to enter the trade.
  • Spread filter: Define maximum acceptable spread for expert advisor to enter the trade.
  • Lot size: Define the lot size for each trade executed by the expert advisor.
  • RULES of the expert advisor

    SELL:


    1. RSI filters trending below 50 line minus the central gap value (for both RSI filters). This is considered to be a downtrend.
    2. RSI signal rising above 70 line. Once it closes back below it, we enter the trade short on candle close.
    3. Trailing stop is placed immediately upon the entry (last closed candle high) and will be adjusted with each following candle close – only in the direction of winning trade.
    4. Once the complete signal for long entry occurs we close all existing short trades (win or lose).

    BUY:


    1. RSI filters trending above 50 line plus the central gap value (for both RSI filters). This is considered to be an uptrend.
    2. RSI signal falling below 30 line. Once it closes back above it, we enter the trade long on candle close.
    3. Trailing stop is placed immediately upon the entry (last closed candle low) and will be adjusted with each following candle close – only in the direction of winning trade.
    4. Once the complete signal for short entry occurs we close all existing long trades (win or lose).

    Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)


    • Bars in test 87138
    • Ticks modelled 138132110
    • Modelling quality 90.00%
    • Mismatched charts errors 0
    • Initial deposit 2000.00
    • Spread 10
    • Total net profit 3435.65
    • Gross profit 10895.71
    • Gross loss -7460.06
    • Profit factor 1.46
    • Expected payoff 10.23
    • Absolute drawdown 34.52
    • Maximal drawdown 791.49 (25.02%)
    • Relative drawdown 25.02% (791.49)
    • Total trades 336
    • Short positions (won %) 156 (44.23%)
    • Long positions (won %) 180 (38.33%)
    • Profit trades (% of total) 138 (41.07%)
    • Loss trades (% of total) 198 (58.93%)

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

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