RSI Overbought Oversold EA MT4/MT5 Backtest and New Optimized Set File – Analysis and Forecast – June 9, 2024

For RSI OverBought OverSold EA MT4/MT5, the current recommendation is to buy these set files: EURUSD, USDJPY, AUDUSD, GBPUSD, USDCAD with specific settings

you can find RSI Overbought Oversold EA MT4/ MT5 Set up your file with detailed instructions and advice at the bottom of this guide.

memo: It uses a grid/hedge system, but the risk is not high. Backtesting is conducted using the Account Step Up method. It means gradually increasing your lot size as you make a profit. This allows you to always calculate your losses based on your available balance. Also, only use specific set files for the mentioned symbols. Failure to choose the appropriate settings file can be dangerous to your account. All set files are optimized for a 5 minute time frame. This reduces the risk to your account by not opening too many grid trades in the event of a sudden big move. We have a higher period moving average filter to determine the trend for the first trade. It also includes a combination of three different RSI strategies.

I will classify backtesting into four categories.

Pure loss and take profit basis without risky techniques such as Martingale applied

grid based

hedge based