About the RSI EA
The RSI EA uses Relative Strength Index (RSI) to enter a trade.
Entry strategy
The RSI EA has 2 entry strategies:
A long position will be closed if the RSI level gets above a specific level. A short position will be closed if the RSI level gets below a specific level.
The RSI EA uses Relative Strength Index (RSI) to enter a trade.
Entry strategy
The RSI EA has 2 entry strategies:
- Break in: The EA opens a trade if the RSI levels breaks into the oversold/overbought level.
- Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level.
A long position will be closed if the RSI level gets above a specific level. A short position will be closed if the RSI level gets below a specific level.
