RSI trader v0.15
This EA trades based on RSI overbought/oversold signals, entering buy positions when RSI crosses below the oversold level and sell positions when RSI crosses above the overbought level. It implements configurable lot sizing, stop loss, and take profit with RSI period and threshold customization. Version 0.15 suggests an early-stage iterative development of a straightforward RSI momentum/reversal strategy.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | +3.55% | +3.08% | 5.38% | 1 | 0.00% | — | — | — | — | Too few trades |
| GBPUSD | +3.58% | +3.10% | 6.51% | 1 | 0.00% | — | — | — | — | Too few trades |
| USDJPY | +2.85% | +2.47% | 6.62% | 1 | 0.00% | — | — | — | — | Too few trades |
| XAUUSD | -0.96% | -0.79% | 64.25% | 1 | 0.00% | — | — | — | — | Too few trades |
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
- Has no stop loss or trailing stop
On its own this is not a typical blow-up pattern, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The strategy concept is based on RSI momentum reversal logic, assuming price will revert after reaching overbought or oversold zones. Entry conditions trigger a buy when RSI crosses up from the oversold level and a sell when RSI crosses down from the overbought level. Exit conditions rely on fixed stop loss and take profit levels with no dynamic trailing stop or adaptive exit mechanism. Position sizing uses a fixed lot approach without dynamic adjustment based on account equity or market volatility. Money management lacks percentage-based position control, requiring the user to manually set appropriate lot sizes to manage risk. The overall strategy logic is simple and direct but lacks filtering conditions and multi-timeframe confirmation, making it prone to frequent stop-outs in ranging markets.
Strengths
- Strategy logic is simple and clear, easy to understand and debug
- Highly configurable parameters allow flexible adjustment of RSI period and thresholds
- Based on the classic RSI indicator with theoretical foundation and wide recognition
Weaknesses
- Lacks multi-timeframe confirmation and trend filter, prone to frequent losses in ranging markets
- Fixed lot sizing without equity-based money management leads to uncontrolled risk exposure
- No trailing stop or dynamic exit mechanism, profits may give back significantly
- Stop loss and take profit default to 0, novice users may overlook setting them leading to unlimited risk
- Lacks new bar detection, potentially opening multiple positions within the same bar
Possible improvements
- Add a trend filter indicator (e.g., MA or ADX) to avoid counter-trend trades in ranging markets
- Implement equity-percentage-based dynamic position sizing
- Add trailing stop and partial close functionality to lock in profits
- Add new bar detection mechanism to prevent duplicate entries within the same bar
- Add spread filter to avoid trading during high-spread periods
Risk assessment
Overall risk: High risk
- Stop loss and take profit default to 0, potentially leading to unlimited losses
- Lacks new bar detection, may open duplicate positions within the same bar causing overexposure
- No account equity percentage control, large lots can cause rapid account blow-up
- No spread filter, entry costs may be excessive during high-spread periods
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
RSI Period | 14 | RSI indicator period |
Overbought Level | 70 | RSI overbought threshold level |
Oversold Level | 30 | RSI oversold threshold level |
Lot Size | 0.1 | Lot size per trade |
Stop Loss | 0 | Stop loss in points, 0 means no stop loss |
Take Profit | 0 | Take profit in points, 0 means no take profit |
RSI Applied Price | CLOSE | Price type used for RSI calculation |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.