EA BASED ON RSI

[Intechs]

I am finding it difficult to make this ea, i want it to trade based on rsi values.

Buy Condition:
When the RSI condition for a buy is met (rsiValue >= 57.0), and there is no existing position (position == 0), and the total number of trades is less than the maximum allowed (totalTrades < maxTrades), the strategy opens a new buy trade.

Sell Condition:
    When the RSI condition for a sell is met (rsiValue <= 43.0), and there is no existing position (position == 0), and the total number of trades is less than the maximum allowed (totalTrades < maxTrades), the strategy opens a new sell trade.

Exit Conditions:
    When the RSI condition for exiting a buy or sell trade is met (rsiValue <= 54.9 for a long trade, rsiValue >= 44.9 for a short trade), the strategy closes the corresponding trade.

[jstap]

This is quite simple, make a start and add a shared link.

[Intechs]

@jstap
https://fxdreema.com/shared/yRFHTjpUc

What is left is the exist using RSI

[jstap]

You don't have a close block, principle is the same, but instead of buy/sell you have a close block.

[Intechs]

@jstap
I dont understand close block. How do i do that?

[jstap]

The same as buy and sell but in a separate tree

[Intechs]

Okey, i should make it same.
How do i make RSI as exist on trade

[Intechs]

@jstap
Okey, i should make it same.
How do i make RSI as exist on trade

[jstap]

The basic principle across all of FX is, if something happened, do what you want. In your case when RSI does something, close the trade.