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RSI2 - F17and20EMA | Bot for cTrader

RSI2 - F17and20EMA

cBot

1 purchases

Version 1.0, Jan 2025

Windows, Mac, Mobile, Web

5.0

Reviews: 2

Trading product for RSI2 - F17and20EMA cBot RSI, image 2

ralfyussefchuluc

Since 27/01/2025

Sales

Description

Entry and exit rules:

Buy trades are opened when the RSI-2 closes below the 25 level and the 17 EMA is above the 20 EMA, with both pointing upwards.

Sell trades are opened when the RSI-2 closes above the 75 level and the 17 EMA is below the 20 EMA, with both pointing downwards.

Stop loss and take profit are configured by the user.

Summary

AI summary

This trading bot implements a strategy based on the 2-period Relative Strength Index (RSI-2) combined with two exponential moving averages (EMAs) set to 17 and 20 periods. Buy trades are initiated when the RSI-2 closes below 25, provided the 17 EMA is above the 20 EMA and both EMAs are trending upwards. Conversely, sell trades are opened when the RSI-2 closes above 75, with the 17 EMA below the 20 EMA and both EMAs pointing downwards. Users can configure stop loss and take profit levels according to their risk management preferences. This approach integrates momentum and trend filters to define entry and exit points.

Trading profile

Customer reviews

5.0

Reviews: 2

5		100 %
4		0 %
3		0 %
2		0 %
1		0 %

Customer reviews

TrendRiderFX

February 10, 2025

AlgoProfitKing

February 7, 2025

Discussion

FAQ

RSI

Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.