Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Expert Advisor | jMaster RSI

Idea by jirimac

mq5 code author - barabashkakvn

The Expert Advisor is based on the RSI Custom Smoothing indicator. Regression is calculated before a signal is generated.

MetaTrader Experts, Indicators, Scripts and Libraries

The EA can apply one of the following three trailing types:

  • ... by Pips Mode - regular trailing stop
  • ... by Highest/Lowest of Range of Bars - Stop Loss is calculated as the highest/lowest of all values within N bars
  • ... by High/Low of Bar x - Stop Loss is calculated as the highest/lowest price of the Nth bar

Similarly, you can choose between three Stop Loss and Take Profit options:

  • ... by Pips Mode - regular Stop Loss and Take Profit
  • ... by Highest/Lowest of Range of Bars - Stop Loss and Take Profit calculated as the highest/lowest of all values within N bars
  • ... by High/Low of Bar x - Stop Loss and Take Profit calculated as the highest/lowest price of the Nth bar
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