Overview: Momentum Flow RSI EA is a MetaTrader 5 Expert Advisor based on a simple closed-bar RSI momentum approach. The EA evaluates confirmed candles and does not use future price data for signal generation. Strategy Concept: The strategy uses RSI(14) on the selected timeframe. A strong RSI reading is treated as a momentum signal rather than an automatic reversal signal. Entry Logic: Long setups trigger when RSI(14) closes above 70 within the configured 09:00 to 17:00 GMT session, opening a new long position on the following candle if no position is already open. Short setups trigger when RSI(14) closes below 30 within the configured session, opening a new short position on the following candle if no position is already open. Signals are evaluated using confirmed closed candles. Exit Logic: Each trade uses fixed exits of a 50-pip Stop Loss and a 30-pip Take Profit. There are no trailing stops, no break-even modifications, and no partial exits, resulting in a fixed reward-to-risk relationship of 0.60R. Position Sizing: The original strategy implementation uses 10 percent of equity as position exposure, which should not be interpreted as risking 10 percent of account equity at the stop-loss. Actual volume is normalized according to the broker's minimum volume, maximum volume, and volume step. Supported Symbols and Markets: The EA can be attached to broker-supported instruments where the broker provides suitable symbol pricing and trading specifications. Forex symbols are the primary intended use case. Always validate the EA on the intended broker symbol in Strategy Tester before live deployment. Recommended Timeframe: H1 default. Trading Session: 09:00 to 17:00 GMT default. The broker server GMT offset is configurable so that the session can be aligned with broker server time. Important Settings: Principal settings include Timeframe, RSI period, Long RSI threshold, Short RSI threshold, Stop Loss, Take Profit, Equity exposure, Trading session, Server GMT offset, Maximum spread, Maximum execution deviation, Long and Short enable switches, and Magic number. Installation and Use: Install the compiled EA in MetaTrader 5 and attach it to the desired symbol. The EA uses closed-bar confirmation and processes signals when a new selected-timeframe candle begins. Check the broker's contract specifications, spread, execution conditions, and GMT offset before trading. Limitations and Risks: Trading systems can experience losses. Actual results can differ from historical tests because of spreads, commissions, execution speed, liquidity, slippage, broker conditions, and market changes. A fixed 30-pip target against a 50-pip stop requires a sufficiently high win rate to overcome the negative reward-to-risk relationship and transaction costs. The EA does not guarantee profits or future performance. Testing Guidance: Run the EA in MetaTrader 5 Strategy Tester using realistic spread and commission settings before considering live use. Test the intended broker's symbol rather than assuming results from another broker will be identical. Risk Disclaimer: Trading financial markets involves substantial risk and may result in partial or complete loss of trading capital. Past backtest performance is not a guarantee of future results. The EA is a software tool and does not provide financial advice or guarantee trading outcomes.

By purchasing from ChartBasic, you agree that our digital tools are designed strictly for technical analysis and do not constitute financial, investment, or trading advice. Your purchase grants a single-user, non-transferable license with instant digital delivery, meaning the provided indicator files and underlying code cannot be resold, shared, decompiled, or reverse-engineered under any circumstances. Because these downloadable scripts are irrevocable, all sales are final under a strict no-refund policy. Additionally, while we provide technical support for installation and basic configuration, our scope does not cover custom code modifications, strategy development, or personalized trading recommendations.