The famous RSI Strategy is modified to be compatible with PineConnector. This strategy/indicator is best used during consolidation or sideways phases in the markets. The strategy can be used for forex trading, stock trading, futures trading, crypto trading and trading of other instruments.
Nevertheless, we recommend that paper trading should be done first, before running on your live trading accounts.
With this script, an alert will be automatically trigger and will execute a trade on your MT4/5 terminal when your terminal is connected to our server – ideal if you are day trading or swing trading.
Looking to automate your TradingView strategies while your broker is on MetaTrader?
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Create a PineScript and attach the code below
|Edit the highlighted portion of the code to your preassigned ID found in the PineConnector members area
|Save the code, and click "Add to Chart"
Guide to create alerts: Create alerts
|Volume Type: Percentage of account balance
● Assuming risk=1 and $1000 account,
the EA will compute the position size whereby when the trade hits SL, you will lose 1% or $10.
|Target Type: Pips
● Sending in SL=20, and TP=40 will have the EA automatically place SL 20 pips and TP 40 pips away from the entry