CAP RSI Trade EA trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [   Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ]

• Easy to use and customizable RSI setting.
• Enable Grid trading.
• Customizable break-even, SL, TP and trailing-stop
• Works for ECN/Non-ECN brokers
• Implements a martingale features
• Customizable indicator settings
• Filter trading by forex sessions
• Built-in money management
• Built-in news filter. EA automatic download news data from news website.

The EA implements the following entry strategies, that can be enabled or disabled at will:

• Trade when the RSI Indicator is oversold or overbought
• Trade when the RSI comes back from an oversold or overbought condition

Four different trading behaviors are available in the EA inputs:

• Both Side (Long and Short): The EA will buy at bullish signals and sell at bearish signals both trade
• Any Single Side: Open any one trade which signal come first (Buy or Sell)
• Long Side Only: The EA will buy at bullish signals and disregard bearish signals
• Short Side Only: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

• Trade manual lotsize: The EA will trade a fixed lotsize on each trade
• Auto-calculation of lotsizes: The EA will risk % of the account on each trade
• Martingale: The EA will double the lotsize after a losing trade

Input Parameters

For a complete description of the input parameters of the EA, kindly read the   user guide.

importANT: To enable News Stop Trading and AutoGMT, tick the "Allow WebRequest" option and add this two URL:

1. http://ec.forexprostools.com
2. http://time.is/UTC

to the list of URLs for WebRequest. To do this, open Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add the following: "http://ec.forexprostools.com" and "https://time.is/UTC" and press "OK". The EA takes news from the specified websites.

All parameters are calculated as points, not pips.

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