Extracted algorithm research record
RSI Averaging MT4
A simple averaging EA using RSI to open initial and additional positions based on RSI levels and price distance.
Source & extraction context
Evidence label: backtest_shown (source claim, not independent verification). Recorded completeness: 50.0/100. Neither is a performance result.
Names identify source records. Inclusion is not an endorsement or a claim of authorship, ownership or reuse permission. Check the source license before reusing any implementation.
Extraction warnings
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.
Build warnings
- MT4_ONLY: the captured source is MQL4 / written for MetaTrader 4. It needs porting (order functions, indicator handles) before it runs on MT5.
Recorded market & execution profile
- Recorded markets
- USDJPY
- Recorded timeframes
- M15
- Recorded sessions
- Not specified
- Recorded regime
- any
Recorded indicators & parameters
| Indicator | Parameters | Applied to |
|---|---|---|
| RSI | {"period": null} | close |
Extracted strategy rules
Recorded long-entry rules
- RSI reaches the specified level
Recorded short-entry rules
- Not specified in the extracted record.
Recorded exit rules
- Basket TP based on the average price of all positions
Recorded filters
- Configurable maximum spread allowed for entry
- Stop loss
- Configurable maximum basket loss amount
- Take profit
- Basket TP based on the average price of all positions
- Position sizing
- Configurable lot multiplier
Questions about this record
What entry rules are recorded for RSI Averaging MT4?
Long: RSI reaches the specified level Short: Not specified. These are unverified extracted rules.
Which markets and timeframes are recorded?
Markets: USDJPY. Timeframes: M15. These are source-recorded labels, not verified execution behavior.