# RSI Eraser

Enters trades based on RSI values above 50% on the H1 timeframe.

Canonical: https://prismaticalgos.com/compendium/algo/524-rsi-eraser
Record ID: 524
Catalog rank: 1346 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.mql5.com/en/code/19414
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

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: Not specified
- timeframes: H1
- sessions: Not specified
- market_regime: trending|ranging|volatile|breakout|null

## Indicators

- iRSI: {"period": 14}; applied to: close

## Recorded long-entry rules

- RSI is above 50% on the H1 timeframe
- Stop Loss condition is met

## Recorded short-entry rules

- Opposite conditions to entry_long

## Recorded exit rules

- Moving to breakeven if the price has passed a distance in the positive direction which is not less than the stop loss size
- If there is an open position that was opened yesterday or earlier, signals to open a new position will be handled
- If the open position was opened today, signals will be ignored

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: Stop loss is equal to the low of the previous daily bar minus 10 points
- Take profit: Take profit is three times the size of the stop loss
- Position sizing: Position volume is calculated as percent of free margin