# Advisor Based on RSI and Martingale

This advisor uses RSI to identify entry and exit points and can apply a martingale strategy.

Canonical: https://prismaticalgos.com/compendium/algo/2692-advisor-based-on-rsi-and-martingale
Record ID: 2692
Catalog rank: 1049 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.mql5.com/en/code/46339
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Signal warnings: VAGUE ENTRY: every entry rule is a placeholder phrase rather than a testable condition (no comparison, threshold or number anywhere). The rules were not actually recovered from the source.
Claim warnings: RECOVERY SIZING: position size increases after losses (martingale/grid/averaging). Equity curves look smooth until the run that does not recover - judge it on worst-case exposure, not win rate.

## Recorded profile

- symbols: Not specified
- timeframes: Not specified
- sessions: Not specified
- market_regime: any

## Indicators

- RSI: {"period": null}; applied to: close

## Recorded long-entry rules

- if RSI reaches a minimum over the specified BarsForCondition bars

## Recorded short-entry rules

- if RSI reaches a maximum over the specified BarsForCondition bars

## Recorded exit rules

- Positions are closed upon reaching TakeProfit or StopLoss levels

## Recorded filters

- trades only within the time interval specified between StartTime and EndTime
- avoids trading during time periods specified in the NewsTimeToAvoid parameter
- maximum allowable spread values are set through the MaxSpread parameter

## Risk controls

- Stop loss: set in points via the StopLoss parameter
- Take profit: set in points via the TakeProfit parameter
- Position sizing: null