Real time monitoring Financial Indicator Software
$150.00
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. Exit strategy 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.
Description
About the Stochastic Oscillator
The Stochastic Oscillator Indicator, developed in the late 1950s by Dr. George Lane, assesses the current price in relation to its price range over a specified period. The term “stochastic” denotes the positioning of the current price within its historical range. The stochastic oscillator displays two lines, namely the Main and Signal lines, along with support and resistance levels. It is integrated into Metatrader, with default settings of K% 5, D% 3, and Slowing 3.
Trade logic of this forex robot
The Stochastic Oscillator EA is a forex robot that relies on the Stochastic Oscillator, incorporating its Main Line, Signal Line, and Support and Resistance levels. It features 5 entry strategies based on Stochastic indicators and 3 exit strategies.
Entry Strategies:
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Crossover in Oversold/Overbought Level: Initiates trades when the Main and Signal lines cross above or below the Support and Resistance levels.
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Main Line BreakIn: Initiates a long trade when the Main Line breaks into the above Level. Conversely, it triggers a short trade when the Main Line breaks into the below Level.
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Main Line BreakOut: Initiates a long trade when the Main Line breaks out above the specified Level. Conversely, it triggers a short trade when the Main Line breaks out below the specified Level.
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Signal Line BreakIn: Initiates a long trade when the Signal Line breaks into the above Level. Conversely, it triggers a short trade when the Signal Line breaks into the below Level.
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Signal Line BreakOut: Initiates a long trade when the Signal Line breaks out above the specified Level. Conversely, it triggers a short trade when the Signal Line breaks out below the specified Level.
Exit Strategies:
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Exit On Crossover: Closes the trade when there is a crossover between the main and signal lines.
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Main Line BreakThrough: Closes the trade when the Main Line crosses the predefined level.
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Signal Line BreakThrough: Closes the trade when the Signal Line crosses the predefined level.
Stochastic Level Mode
If you set the Stochastic Level Mode to “Use only buy level,” the Sell Entry Level and Sell Exit Levels will be calculated based on the Buy Levels as follows: Sell Entry Level = 100 – Buy Entry Level, and Sell Exit Level = 100 – Sell Entry Level.