Rvi-Ema-Trading
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This code defines an Expert Advisor (EA) for the MetaTrader 4 (MT4) trading platform, named RVI-EMA. It employs a combination of the Relative Vigor Index (RVI) and a smoothed moving average (SMMA) for buy/sell decision-making and includes trailing stop functionality.
RVI EMA, Trend trading Forex
This code defines an Expert Advisor (EA) for the MetaTrader 4 (MT4) trading platform, named RVI-EMA. It employs a combination of the Relative Vigor Index (RVI) and a smoothed moving average (SMMA) for buy/sell decision-making and includes trailing stop functionality.Parameters
- TakeProfit: Not explicitly used
- Lots: 0.01 (default)
- StopLoss: 6000 points
- TrailingStart: 40 points
- TrailingStep: 10 points
- MagicNumber: Dynamically generated during initialization
Strengths
- Modular and clear trading logic.
- Dynamic MagicNumber ensures unique operation.
- Trailing stop mechanism for dynamic risk management.
| Version | 1.00 |
|---|---|
| Type | Expert Advisor |
| Compatibility | MT4 |
| Trading Hours | All Times |
| Custom Inputs | Lots, Trailing, Stop Loss, Take Profit, ECN |
| Timeframes | M5 and M15 |
| Strategy Type | Scalping,Trend Following |
| Supported Pairs | ALL |
| Risk Management | Auto stop at high loss, Trailing Stop |
| Outputs | Automatic Buy/Sell |
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