USER GUIDE – RSI Trader EA
RSI has two Strategy
- Oversold/Overbought Situations
- Comebacks Oversold/Overbought
1) Oversold/Overbought Situations
SELL Signal = When RSI line touch Sell level (70)
Buy Signal = When RSI line touch Buy level (30)
You can change sell level or buy level from inputs.
2) Comebacks Oversold/Overbought
SELL Signal = RSI was above SELL Level then cross down from SELL Level
Buy Signal = RSI was below BUY Level then cross up from BUY Level
You can change sell level or buy level from inputs.
How to Reset Work
When EA opened SELL trade, EA not open any sell trade until RSI come down Sell reset line.