//+------------------------------------------------------------------+
//| RSI_Template.mq4 |
//| RSI Trading Strategy |
//| Template for MCP Development |
//+------------------------------------------------------------------+
#property copyright "MCP MT4 Development"
#property version "1.00"
#property strict
// EA Parameters
extern int RSI_Period = 14;
extern double RSI_Oversold = 30.0;
extern double RSI_Overbought = 70.0;
extern double LotSize = 0.1;
extern int MagicNumber = 54321;
extern int Slippage = 3;
extern bool UseStopLoss = true;
extern double StopLossPips = 50.0;
extern bool UseTakeProfit = true;
extern double TakeProfitPips = 100.0;
// Global variables
bool InBuyPosition = false;
bool InSellPosition = false;
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
Print("RSI EA Started - Period: ", RSI_Period, " Oversold: ", RSI_Oversold, " Overbought: ", RSI_Overbought);
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
Print("RSI EA Stopped");
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
double rsi_current = iRSI(Symbol(), 0, RSI_Period, PRICE_CLOSE, 0);
double rsi_previous = iRSI(Symbol(), 0, RSI_Period, PRICE_CLOSE, 1);
// Check current positions
CheckPositions();
// RSI Oversold - Buy Signal
if(!InBuyPosition && rsi_previous >= RSI_Oversold && rsi_current < RSI_Oversold)
{
if(OpenBuyOrder())
{
InBuyPosition = true;
Print("Buy signal triggered at RSI: ", rsi_current);
}
}
// RSI Overbought - Sell Signal
if(!InSellPosition && rsi_previous <= RSI_Overbought && rsi_current > RSI_Overbought)
{
if(OpenSellOrder())
{
InSellPosition = true;
Print("Sell signal triggered at RSI: ", rsi_current);
}
}
// Exit conditions
if(InBuyPosition && rsi_current > RSI_Overbought)
{
CloseAllOrders(OP_BUY);
InBuyPosition = false;
}
if(InSellPosition && rsi_current < RSI_Oversold)
{
CloseAllOrders(OP_SELL);
InSellPosition = false;
}
}
//+------------------------------------------------------------------+
//| Check current positions |
//+------------------------------------------------------------------+
void CheckPositions()
{
InBuyPosition = false;
InSellPosition = false;
for(int i = 0; i < OrdersTotal(); i++)
{
if(OrderSelect(i, SELECT_BY_POS) && OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber)
{
if(OrderType() == OP_BUY) InBuyPosition = true;
if(OrderType() == OP_SELL) InSellPosition = true;
}
}
}
//+------------------------------------------------------------------+
//| Open buy order |
//+------------------------------------------------------------------+
bool OpenBuyOrder()
{
double sl = UseStopLoss ? Ask - StopLossPips * Point : 0;
double tp = UseTakeProfit ? Ask + TakeProfitPips * Point : 0;
int ticket = OrderSend(Symbol(), OP_BUY, LotSize, Ask, Slippage, sl, tp, "RSI Buy", MagicNumber, 0, clrGreen);
if(ticket > 0)
{
Print("Buy order opened: ", ticket, " at ", Ask);
return true;
}
else
{
Print("Error opening buy order: ", GetLastError());
return false;
}
}
//+------------------------------------------------------------------+
//| Open sell order |
//+------------------------------------------------------------------+
bool OpenSellOrder()
{
double sl = UseStopLoss ? Bid + StopLossPips * Point : 0;
double tp = UseTakeProfit ? Bid - TakeProfitPips * Point : 0;
int ticket = OrderSend(Symbol(), OP_SELL, LotSize, Bid, Slippage, sl, tp, "RSI Sell", MagicNumber, 0, clrRed);
if(ticket > 0)
{
Print("Sell order opened: ", ticket, " at ", Bid);
return true;
}
else
{
Print("Error opening sell order: ", GetLastError());
return false;
}
}
//+------------------------------------------------------------------+
//| Close all orders of specified type |
//+------------------------------------------------------------------+
void CloseAllOrders(int orderType)
{
for(int i = OrdersTotal() - 1; i >= 0; i--)
{
if(OrderSelect(i, SELECT_BY_POS) && OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber && OrderType() == orderType)
{
double closePrice = (orderType == OP_BUY) ? Bid : Ask;
if(!OrderClose(OrderTicket(), OrderLots(), closePrice, Slippage, clrYellow))
{
Print("Error closing order: ", GetLastError());
}
}
}
}
