LB & SB using RSI & Momentum Expert Advisor For MetaTrader4 Platform.
The same EA’s as previously released. The additional code allows the user to set parameters on RSI and Momentum. For guidance, in the variables, if the RSI buy restrict is set to 70, the EA will not place a pending buy order if the RSI is above 70.
The modification to the code is simple, even someone of limited knowledge of coding could change the indicators to one of their choice. Below are the new lines.
extern int RSI_Period = 14;
extern int RSI_Buy_Restrict = 1.;
extern int RSI_Sell_Restrict = 1.;
extern int Momentum_Period = 14; // These additional lines in the variables
extern int Momentum_Buy_Restrict = 1.;
extern int Momentum_Sell_Restrict = 1.;
double d_RSI = iRSI(Symbol(),0,RSI_Period, PRICE_CLOSE, 1);
double d_Momentum=iMomentum(Symbol(),0,Momentum_Period,PRICE_CLOSE,1); // These two lines before the order send
&& d_Momentum < Momentum_Buy_Restrict && d_RSI < RSI_Buy_Restrict)
&& d_Momentum > Momentum_Sell_Restrict && d_RSI > RSI_Sell_Restrict) //These two lines at the order send
1. Copy “LB & SB using RSI & Momentum.mq4” file to C:/Program Files/MetaTrader4/experts folder
and restart your MetaTrader.
2. Open Navigator/Custom Expert Advisors panel and drag the Expert Advisor named “LB & SB using RSI & Momentum.mq4” to the
chart of any currency pair.
3. Click On “Enable Automated Trading” On Metatrader Platform
Click to Download: LB & SB using RSI & Momentum
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