Simple and effective RSI martingale strategy, which you can start using.
Buy opening condition - RSI crosses oversold level (default 30) from above to below and opens the first order. If the prices keeps going to the negative side then EA opens extra buy trade every (step pips). Once TP is reached EA waits for another oversold crossover and it tries to reach TP again.
Sell opening condition - RSI crosses overbought level (default 70) from below to above and opens the first order. If the prices keeps going to the negative side then EA opens extra sell trade every (step pips). Once TP is reached EA waits for another oversold crossover and it tries to reach TP again.
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Inputs menu of the RSI martingale expert advisor.
I've made some settings optimization. In the downloaded files you will find 3 different settings set files. These settings shows pretty good results, so I wanted to share them with you. These settings are for 1H, but I think they can work with other timeframes too. Obviously you can try to run optimization by yourself and find the best settings which fits your needs. Let me know in the comments below what you think about this forex strategy.
Settings 1 GBPUSD 1H 2020.01.13 - 2021.04.17
Settings 2 GBPUSD 1H 2020.01.13 - 2021.04.17
Settings 3 GBPUSD 1H 2020.01.13 - 2021.04.17