RSI Multiple

RSI Multiple

1. Core Entry Logic – The EA uses seven independent RSI indicators with user‑definable periods and overbought/oversold levels.

2. Signal Alignment Requirement – A trade is only taken when all enabled RSIs generate the same directional signal (buy or sell) on the current bar.

3. RSI Signal Definition – Buy signal occurs when RSI crosses up from oversold; sell signal when RSI crosses down from overbought (configurable per RSI).

4. First Trade Placement – When all RSIs align and all filters pass, the EA opens the first trade with an initial take‑profit target in USD.

5. Subsequent Martingale Trades – If the market moves against the initial position, additional trades are opened according to the selected martingale type.

6. 60‑Pips Recovery Strategy – Opens a new trade every time price moves 60 pips against the open position; all trades are closed when combined profit reaches a preset USD target.

7. Alternative Martingale Types – Supports simple multiplier, fixed step, percentage increase, Fibonacci, and safe risk limit.

8. Maximum Martingale Trades – A hard limit (default 20) prevents over‑exposure.

9. Per‑Trade Risk Cap – Optional maximum risk per trade as a percentage of account balance.

10. Global Risk Management – Can close all trades or stop trading when account drawdown exceeds a percentage or dollar loss threshold.

11. Account Growth Lot Adjustment – Base lot size automatically increases by 0.01 for every $20 of account growth, up to a user‑defined maximum.

12. Comprehensive Filter Suite – Includes trend filter (MA), RSI filter, stochastic filter, ADX, ATR, MACD, and Bollinger Bands.

13. Multi‑Timeframe RSI Confirmation – RSI signals can be validated on higher timeframes (second and third) with multiple confirmation modes.

14. Multi‑Timeframe Stochastic Confirmation – Optional stochastic filter can also be applied on higher timeframes.

15. Time Filter – Restricts trading to user‑defined hours (e.g., 08:00–16:00).

16. Spread Filter – Blocks trades if the current spread exceeds a specified maximum (in pips).

17. Market Open Detection – Automatically detects trading sessions and only processes signals when the market is open, preventing false entries.

18. Chart Grid Control – Optionally disables the chart grid for cleaner visual monitoring while the EA is active.

19. Real‑Time Display – Shows license countdown, open trades count, and total profit/loss directly on the chart.

20. Works on Any Symbol – Fully compatible with forex, indices, commodities, and any other instrument supported by MetaTrader 5.

21. Works on Any Timeframe – The RSI periods and alignment logic adapt to any chart timeframe; multi‑timeframe settings can be independently selected.

22. Automatic Lot Normalisation – Lot sizes are automatically rounded to the broker’s minimum, maximum, and step requirements.

23. Margin Safety Check – Verifies sufficient free margin and ensures margin level stays above a safe threshold before opening a trade.

24. Trade Comment Labelling – Each trade is labelled (e.g., “7x RSI Initial” or “7x RSI Martingale#2”) for easy identification in the terminal.

25. Recovery Target Monitoring – Continuously monitors total profit of all open trades and closes the entire basket when the recovery target is hit.

26. Retry Logic for Closing – Prevents excessive close attempts with cooldown and retry limits to avoid broker errors.

27. Bar‑Based Evaluation – Only evaluates entry signals once per new bar, reducing unnecessary calculations and log spam.

28. Log Reduction During Market Closure – Prints “Market closed” only once per bar when the market is closed, avoiding log flooding.

29. Configurable Magic Number – Unique identifier allows the EA to manage only its own trades, even when multiple instances run on different charts.

30. Easy Setup – Simply attach to any chart, adjust the 30+ input parameters to match your strategy, and let the EA handle entries, martingale, and recovery automatically.