Dwain's RSI EA

Post by **dap711** » Tue Aug 16, 2022 12:16 pm

So, the RSI EA seems to be doing great in it's 2nd week of running on a small live account. The first few days were bumpy, but once it got into sync with the market, it hasn't had any DD! Equity on the account is always positive. Balance has steadily gone up. This thingy is showing some promise.

I'm sharing the code in hope of suggestions to make it even better.

RSI EA only needs to be installed on one chart and it will trade all of the 28 pairs listed on line 52 in the code. Feel free to update the list! I haven't tried gold, but I see no reason why it couldn't trade it as well.

Also, this EA will expire on 9/1/2022, but the expiration can be changed on line 7. (Just something I always put into my code to push people to look for an updated version) I forgot it was there!

Have fun!
Dwain

RSI v1.0.mq5

Current set file. (You may want to change the risk percentage to fit your own level of risk)

RSI v1.0.set

BTW, the code is an example of how to code a MT5 EA. I know it isn't perfect, but would love see any modifications/suggestions.

Post by **dap711** » Tue Aug 16, 2022 1:36 pm

Here is the trading report as of today.

RSI Report.jpg

Post by **dap711** » Tue Aug 16, 2022 3:25 pm

Here is a good way to use this EA. Start with a .01 lot no matter the size of the account. After a few days when the equity goes positive and the EA is in sync with the market, start using a risk percentage. This will get you thru the initial DD. After that you shouldn't see any DD.

Dwain

Here are my open trades:

RSI Trades.jpg

Post by **trader689** » Tue Aug 16, 2022 7:17 pm

It's early days for sure, but it's a promising start - looking really good, dwain.

trader

telaso · Post by **telaso** » Sat Aug 20, 2022 5:53 am

Hello Dwain,
I see it is a MT5 file. What broker are you trading with?

Post by **dap711** » Sat Aug 20, 2022 9:08 am

telaso » Fri Aug 19, 2022 11:53 pm wrote:Hello Dwain,
I see it is a MT5 file. What broker are you trading with?

I have limited options living in the USA .. Tradersway.

Post by **dap711** » Sun Aug 21, 2022 10:46 pm

New set file for RSI EA added to post 1.

pandaboy · Post by **pandaboy** » Mon Aug 22, 2022 10:04 pm

Hi Dwain..
Thank You for the EA. I tried it on YMU22 - dow futures MT5 platform. and looks like it's not taking any trades. am i doing something wrong here?

Post by **dap711** » Tue Aug 23, 2022 2:03 am

pandaboy » Mon Aug 22, 2022 4:04 pm wrote:Hi Dwain..
Thank You for the EA. I tried it on YMU22 - dow futures MT5 platform. and looks like it's not taking any trades. am i doing something wrong here?

Ahh .. the EA was designed to trade the 28 major FOREX pairs. It's a slow trader and it has taken my account several days to open a trade on each pair. As of this evening, I have a live $1000 account with the EA on it. My balance is down $100 but the floating profit is $260. I'm looking for the profitable trades to start closing in the next few days.

RSI - 8-22-2022.jpg

pandaboy · Post by **pandaboy** » Thu Aug 25, 2022 6:49 pm

dap711 » Mon Aug 22, 2022 9:03 pm wrote:
pandaboy » Mon Aug 22, 2022 4:04 pm wrote:Hi Dwain..
Thank You for the EA. I tried it on YMU22 - dow futures MT5 platform. and looks like it's not taking any trades. am i doing something wrong here?
Ahh .. the EA was designed to trade the 28 major FOREX pairs. It's a slow trader and it has taken my account several days to open a trade on each pair. As of this evening, I have a live $1000 account with the EA on it. My balance is down $100 but the floating profit is $260. I'm looking for the profitable trades to start closing in the next few days.

OK Thank You. :hi: