Expert Advisor for MT4

dtryba · #1 05-13-2008, 01:18 AM

Does anyone know of a EA that uses RSI?

Cyclon · #2 05-19-2008, 04:54 PM

Hi dtryba,

I checked here: http://www.forexmt4.com/mt_yahoo/

and I found this but there may be more there. Just curious about using RSI for an EA. Do you plan to use it by itself or with something else?

Also I have found a factor by which if you take stock market technicals and multiply it then they will work in the same way they worked in the stock market but on Forex or other leveraged instruments.

The curious exception to this is RSI - I use it at a setting of 89 which is unheard of but it works dead balls on for a bounce at 0 and 100 levels. Of course that is not indicative of the duration of the bounce.

But the RSI does not need the factor to go from stocks to forex. I don't know why and don't rely on RSI all that much so I won't do the math. But I am just anal enough to have to find the optimum for everything so now that I found the 89 setting and found it is only just a bit useful I moved on.