LVL RSI mt5

LVL RSI mt5

Use this expert advisor whose strategy is essentially based on the Relative Strength Index (RSI) indicator as well as a personal touch.

Other free expert advisors are available in my personal space as well as signals, do not hesitate to visit and leave a comment, it will make me happy and will make me want to offer content.

Expert advisors currently available:

1. LVL Creator

2. LVL Creator Pro

3. LVL Bollinger Bands

Trading is not a magic solution, so before using this expert on a live account, carry out your back tests and tests on a demo account.

When you will use that expert advisor on a live account, don't hesitate to share your account link with me, I would be delighted to follow your results.

. Live signals

. Definition of parameters:

Values between parentheses mean the default values of the indicators.

• Risk Management

• Allocation Type: how the allocation is calculated

• Size: size value depending of the allocation type

• Stop Loss

• Use stop loss when opening order: true to set a stop loss while opening a position, false otherwise

• Use trailing stop loss: true to use a trailing stop loss, false otherwise

• Stop loss type: stop loss type to use

• Stop loss value: stop loss value to use

• Take Profit

• Use take profit: true to set a take profit while opening a position, false otherwise

• Take profit type: take profit type to use

• Take profit value: take profit to use

• Settings

• Reverse trades: true to open the opposite type of position provided by the strategy, false otherwise

• Close all positions and switch off the EA: true to close all open positions and switch off the expert advisor

• Magic number: magic number to open positions

• Trading Hours

• Trading start hour: the time from which the EA can open a position

• Trading end hour: the time from which the EA closes a position

• Trading Days

• Monday: true open a position on Monday, false otherwise

• Tuesday: true open a position on Tuesday, false otherwise

• Wednesday: true open a position on Wednesday, false otherwise

• Thursday: true open a position on Thursday, false otherwise

• Friday: true open a position on Friday, false otherwise

• Saturday: true open a position on Saturday, false otherwise

• Sunday: true open a position on Sunday, false otherwise

• Trades

• Close all positions every day: true to close all positions every day at the time corresponding to “Trading end hour”, false otherwise

• Close all positions on Friday: true to close all positions on every Friday at the time corresponding to “Trading end hour”, false otherwise

• Open buy positions: true to authorise the EA to open buy positions, false otherwise

• Open sell positions: true to authorise the EA to open sell positions, false otherwise

• Position Management

• Position management: type of position management (none, martingale or grid)

• Coefficient type: if the new lot size is an addition or a multiplication from the last lot size

• Coefficient management: the value to add or multiply to calculate the new lot size

• Max number of positions: the maximum number of positions in case of grid

• Min distance between positions: the minimum distance in points between the last and the new position

• RSI

• Number of RSI to use: number of RSI to use

• RSI timeframe short: timeframe of the first RSI

• RSI timeframe long: timeframe of the second RSI (useless if 1 RSI)

• Period of the mobile average: averaging period

• RSI value to open a buy: RSI value to open a buy position

• RSI value to open a sell: RSI value to open a sell position