Advanced Rsi Grid Hedge is an expert advisor created to enter the market at times of high probability of a short-term market reversal into overbought or oversold zones, but in the direction of a major trend.
The robot uses a grid hedging system. This bot does not use martingale.
The Bot is very simple, it uses two RSI indicators to define the entry signals. This also has a trend filter that looks for the best conditions to trade.
MT5 Version Here: https://www.mql5.com/es/market/product/99073
The bot has the following inputs:
- Max Drawdown Percentage – If the current float drawdown exceeds the specified %, the EA will close all positions and the EA will be locked for 72 hours or until the user reloads the EA.
- MaxSpread : Spread filter to avoid trading during bad market conditions (set this input according to your broker's instrument properties, if maxpread is too low, maybe the bot won't open trades)
- Vol : If you use 0.01, the EA will use 0.01 lots for every X amount of balance (set in LotStep).
- LotStep : So a LotStep=250 and a Vol=0.01 would mean: 0.01 lots for every $250 in the account.
- GridStep : Interval in points against the trend grid.
- GridTPmin : It is the minimum amount of points earned to close orders.
- PpalTF : It is the timeframe of the main RSI.
- PpalPeriod : It is the period of the main RSI.
- Ppallevel : It is the entry level for the main RSI.
- Use OverboughtOversold Filter: True or false. (If true, less trading volume but less drawdown too).
- SecTF : It is the time frame for the secondary RSI.
- SecPeriod : It is the period for the secondary RSI.
- Secllevel : It is the entry level for the secondary RSI.
- SMART_TREND: Select true or false to use or not use the built-in trend filter (Recommended Value = True).
Recommended setup 1: SetH1v1 with GBPUSD, CHFJPY, AUDUSD, EURNZD, GBPCAD, USDCHF. mínimum capital 1000 USD and Max DD=20%
It is recommended to use the EA in brokers with low margin, low commission and fast execution.
DISCLAIMER : Please note that past performance is not a guarantee of future results. This is a professional trading strategy. So losses will be needed from time to time to protect the account. Only trade with money you can afford to lose.
