MRS EA Expert Advisor - Comprehensive Guide

🚀 Trade Smart, Win Big with MRS EA!

This Expert Advisor (EA) is designed to automate your trading strategy using RSI-based signals, money management, and trailing stops. Below is a detailed breakdown of how it works and how to configure it.

📌 Key Features

RSI-Based Trading Strategy – Opens trades based on RSI conditions.

Automatic Money Management – Adjusts lot sizes based on previous trade performance.

Trailing Stop Loss – Locks in profits as the market moves favorably.

Stop Loss & Take Profit – Manages risk with predefined SL/TP levels.

Magic Number Filtering – Avoids conflicts with other EAs.

⚙️ Input Parameters (Settings)

ParameterDescription

MagicNumberUnique identifier for trades (prevents conflicts).

LotsDefault trade size (can be adjusted by money management).

StopLossStop loss in points (0 = disabled).

TakeProfitTake profit in points (0 = disabled).

TrailingStopActivates trailing stop (0 = disabled).

SlippageMaximum allowed slippage in points.

📊 How It Works?

1. Trade Entry Conditions

Buy Signal: When RSI (H1, period 2, Close price) is below 90.

Sell Signal: When RSI (H1, period 2, Close price) is above 10.

2. Money Management (AdvancedMM Function)

If previous trades were profitable, it continues with the default lot size.

If previous trades were losses, it increases the lot size to recover losses.

3. Trade Management

Trailing Stop: Adjusts stop loss to lock in profits.

Stop Loss & Take Profit: Modified after order placement for better risk control.

4. Visual Display

Shows a gold-colored label in the chart corner with the developer’s name and website.

🔧 Optimization Tips

Adjust RSI levels for different market conditions.

Test different SL/TP values to match volatility.

Modify TrailingStop to secure profits without exiting too early.

📜 Developer & Source

Developer: R.KH 1001

Website: www.robomql.com

💡 Final Words

The MRS EA is a flexible trading tool that combines RSI signals with smart money management. Always backtest before live trading and adjust settings to fit your strategy!

Happy Trading! 🎯