If someone can make an Expert Advisor based on the Relative Strentgh Index that executes a trade based on the following criteria that would be awesome.


Trending Markets

Only take signals in the direction of the trend.

• Go long, in an up-trend, when RSI falls below 40 and rises back

above it.

• Go short, in a down-trend, when RSI rises above 60 and falls back

below it.
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Ranging Markets

• Go long when RSI falls below the 30 level and rises back above it


• Go short when RSI rises above the 70 level and falls back below it


The Expert Advisor would also include a time restriction function. Trades would only be executed during the hours of 07:00 GMT through 18:00 GMT.

The Expert Advisor would also have following functions:

Select Number of Lots

Select Take Profit Amount in Pips

Select Stop Loss Amount in Pips

I don't know the exact criteria one would use to determine if the market is trending or ranging for the purpose of programming this Expert Advisor.

If someone has ideas about this please feel share them.

Thanks