The Easiest RSI Algorithm for Your MetaTrader Expert Advisor
The Relative Strength Indicator, or RSI, is used by traders all over the world to help identify when an asset is overbought or oversold. It is one of the worlds most popular technical indicators.
Therefore, adding the RSI to your trading bot, or Expert Advisor, can be a great way to use the features of the RSI to help your Expert Advisor make more effective buy and sell trades.
In this article, I’m going to show you how to do exactly that.
About This Series
In this series, I cover everything you need to build your own advanced Expert Advisor from scratch. I cover:
- How to get started
- Using built in technical indicators from MetaTrader
- Making your EA autotrade
- Adding some simple-yet-powerful risk management techniques to your EA
- Backtesting and Optimizing your soon-to-be-awesome algorithm
- Adding some advanced features
All of the code that I use is available on my public GitHub repo, and each episode contains working code snippets you can immediately use in your own trading bot.
If you’d like some more general help, join our Discord server here, and if you prefer content in a video format, you can check out my YouTube channel here.
