Most HARSI indicators for MT4 include signal buffers that EAs can read. You would need to code an EA that checks these buffer values on each tick or bar close to generate automated buy/sell orders. Several freelance developers offer this service on MQL5.
Exit the trade when the oscillator climbs above 70 and prints its first red candle. Sell Trade Rules heikin ashi rsi oscillator mt4
| Parameter | Typical value | Purpose | |-----------|--------------|---------| | RSI Period | 7 or 14 | Sensitivity | | Smoothing (MA) | 3 or 5 | Smoother signal | | Overbought | +50 | Extreme level | | Oversold | -50 | Extreme level | Most HARSI indicators for MT4 include signal buffers
The RSI is a momentum indicator; it produces false signals when the market is moving sideways. Exit the trade when the oscillator climbs above