Trade with RSI in a revolutionary way, now evolved.
This is an MT5-only EA that keeps the RSI entries and time control of timeout_martin as they are, and adds an "adaptive function" that automatically changes the grid width to match how rough the market is.
In quiet markets it narrows the interval between add-on positions, and in rough markets it widens it. The take-profit width also stretches and shrinks with the market in the same way, so it can now handle situations that a fixed width used to miss.
Nanpin-martingale (grid and martingale) is a technique that can easily eat up a large part of the account balance. For that reason, this EA turns on protective functions by default, in addition to time control.
■ Protective functions
• Positions held for more than 36 hours are exited early, with the take-profit width getting smaller as time passes
• Positions held for more than 72 hours are all closed (as before)
• A stop loss is set by default
• An equity guard closes all positions when the floating loss exceeds a set percentage
• The lot size of add-on positions has an upper limit
• Holding times are carried over even if the terminal is restarted
■ About the settings
Lot size, multiplier, maximum number of positions, RSI and ATR settings, and the ON/OFF of the adaptive function can all be adjusted as external parameters. With the adaptive function OFF, the EA runs with a fixed width. There are also settings to skip new entries by spread, time of day and day of the week (OFF by default).
■ Versions and prices
• MT5 Free version … 0 JPY
• MT5 Paid version … 29,800 JPY
■ Important notes
• This is a nanpin-martingale type EA. Even with the protective functions, the risk is not eliminated.
• It is for hedging accounts only. On a netting account it stops at startup.
• It is for MT5 only. It does not work on MT4.
