This script utilises the RSI and EMA indicators to enter and close the trade.
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line...
M4x is a combination of RSI and Fibonacci components, set up with fixed values, so no worries about "original" settings...
Recommendet Bot settings:
- use one short and one long bot
- take profit 0.5%
- 6 simul trades
- 3 security orders, VolScale 1.5, StepScale 1.4
- Deviation 0.35%
- cooldown 780sec
Alerts:
- aproved Buy
- aproved Sell
- heartbeat (..check if...