Relative Vigor Index expert advisor for MetaTrader 4. The EA uses the basic strategy when two lines cross each other. To clarify, the Relative Vigor Index indicator is an original MT4 indicator that can be found in any MT4 terminal.
Buy signal: The RVI main lines cross the signal line from below to above. You can also use the "Reversed" feature in case you would like to open a sell trade instead of a buy trade.
Sell signal: The RVI main lines cross the signal line from above to below. You can also use the "Reversed" feature in case you would like to open a buy trade instead of a sell trade.
Use the "RSI value filter" if you want to open buy or sell trades below or above certain levels. This feature helps to avoid useless trades.
Input menu of the "RVI EA MT4."
Lot management options: choose one of the three lot managements and set it to true; the other two must be set to false.
Fixed lot: a simple fixed lot that is applied for each trade.
Martingale: start lot and a multiplier, EA will use a lot multiplier if the previous trade was in loss.
Risk management: select your desired risk percentage per trade, and the EA will automatically calculate the risk size. Stop loss must be used.
Trade comment: use it if you want to add a comment for each trade separately, for example, "RVI EA MT4".
Stop loss pips: set a stop loss in pips that will be used for each trade separately.
Take profit pips: set a take profit in pips that will be used for each trade separately.
Max open trades: for example, 10; this will result in a maximum of 10 trades being open at any given time.
BUY SELL REVERSED: With this feature, you can open buy trades instead of sell trades and sell trades instead of buy trades; it's essentially the inverse strategy option.
Close trade opposite signal: use it if you want to close a trade with an opposite signal.
Pips on profit to enable: when the desired pips are reached, the break even is applied.
Offset pips from open price: the distance from the trade's open price; for example, by adding an extra 2 pips, you can avoid the size of the spread.
Trailing start pips: once the trade reaches this amount of profit, the trailing stop is activated.
Trailing stop pips: the trailing stop distance from the stop loss to the current price.
One trailing step: It's basically how often you want to refresh the trailing stop.
Trading time settings: simply select the time and weekdays on which you wish to trade.
Spread filter: Set the maximum allowable spread size in pips, and the EA will check it before starting the trade. If the spread size is too large, the EA won't place any new trades.
Email and smartphone app notifications: set it to true if you want to get a notification about each new trade.
Magic number: use the magic number rule if this EA is used in more than one chart. Read more.
Download the DEMO version of the "RVI EA MT4" and try it in the strategy tester, before purchasing this forex trading robot MT4.
After you have downloaded the files, insert them properly. Read more.
EA has the most used features; we don't want to add too much stuff to the original EA. So we offer custom updates for any of our EAs. You can easily order a custom update and adapt this EA to your specific needs. Contact us, and we will add some basic features for free after your purchase.
If you have any questions simply contact us and we will answer all your questions.
Payment methods: PayPal, Skrill.
With a Paypal account you can purchase this EA by pressing a Paypal button below. After your successful payment, please contact us and we will send your copy of the EA. Your EA will be delivered in a few hours or faster.
If you want to purchase this EA with a Skrill account. Please contact us.
This EA has no any limits:
Works with any timeframe
Works with any market
Friendly settings menu
Easy to set up
There are no any restrictions
Best quality guaranteed
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