Welcome to the Launch of the Simple RSI Trader Robot
The Simple RSI Trader EA caught the attention of over 85,000 viewers when strategy was shared on YouTube a short while ago. We have now automated the technique in a very simple but highly efficient way. Below are details that will provide you with considerable information.
How the Simple RSI Over-Bought/Over-Sold Cross back trading technique works and creates great entries
The RSI Indicator is a momentum indicator that identifies Over Bought and Over Sold price movements where the chances of a price reversal is high. The strength of this method is that entries occur only when the price returns out of the Over Bought or Over Sold environments. The trick is to make the Over Bought or Oversold areas small so that only exceptional reversals are traded.
For more details please view the video below
Entries are taken when the RSI comes out of the OB/OS environments as shown in the image below
The Video on the right is a discussion of the RSI OB/OS Cross-Back Technique which was watched by no less than 85 000 viewers in its 1st month of posting on YouTube
The video on the left shows the flexibility of the Simple RSI Trader to be able to trade at a 100% success rate as well as 2 other trading approaches.
$1000 traded to $560 000
Please watch the video on the right which shows the potential of the Simple RSI Trader to trade small accounts to very large balances. This is merely an illustration and should not be seen as an encouragement to do the same. Focus on mastering the basic RSI trading before attempting advanced trading methods that use aggressive % of Equity settings.
THE SETTINGS
Please watch this video for a discussion of the settings
The only difference between the Simple RSI Trader Generation 1 and Generation 2 in that Generation 2 has the % of Equity setting
The Simple RSI Trader Gen 2 only has 6 settings. This makes it very easy to trade.
Please use this link for full guidance on how to trade using these settings
Click Here>>>> RSI TRADER SETTINGS
An interesting fact is that most trading Robots require unique settings for every trading instrument for their indicators. The RSI takes volatility and timeframe into account and Universal settings with minor differences which can be used for the RSI entry signals for any instrument and timeframe.
RESULTS
The Simple RSI Trader (Generation 1 & 2) have been created and tested in the last few weeks. Considerable research has gone into the settings (See the settings page) and 2 videos were made showing aspects of the setting determination done.
This is a brand new Trading Robot so unfortunately we can not supply any traded accounts with trading history
Owners of the Tradeable RSI which was launched almost 10 Years ago.
The main difference between the Tradeable RSI and the Simple RSI Trader is the simplicity of the Simple RSI Trader. It only has 6 settings whereas the Tradeable RSI has 37 settings which makes it very complex.
The Tradeable RSI can however be adapted to trade in a similar way to the Simple RSI Trader by ignoring the majority of settings and using the most common ones together with select settings. The setting structure is not 100% the same as the Simple RSI Trader which has hardcoded logic elements.
The Simple RSI Trader trades 1 trade at a time. Therefore it is 100% US Broker compatible.
As it only trades one trade at a time low leverage is not a factor.
Technical Support
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Comprehensive User Manual. When downloading the Robot from the EAFactory Website you are also able to download a comprehensive User Manual. Owners can also download the user manual from the EA download page.
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Comprehensive Knowledge base: Your access to your account on the EAfactory website will provide you with access to a comprehensive Knowledge base about technical trading aspects. Owners can access the Knowledge using this link: KNOWLEDGE BASE (You will have to be logged into your EAFactory account to use the link)
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Technical Email Support: International Email support is provided with turn around times that vary from 1 hour to 24 hours depending on the time zones involved. Use the your download email to access technical support.
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Administrative support. Please use the "Contact Us" facility on this page for administrative support. CONTACT US
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Videos are created to show aspects of trading the Expert4x Simple RSI Trader from time to time. Please access the YouTube Expert4x Playlist at this link: YOUTUBE VIDEOS
Arguably the best Robot Trading Technical Support in the World
Take advantage of 1 cent accounts if your trading accounts have limited capital. Open a live or even a demo account using this link:-
Demo/Live Cent Account
IN SUMMARY
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Expert4x has created a Simple automated RSI Trader Robot to trade the OB/OS Return system using Fixed Lot position sizing (Generation 1)
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Expert4x has created a Simple automated RSI Trader Robot to trade the OB/OS Return system using % of Equity Position sizing (Generation 2)
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Established that there are ways to trade the Robots at 100% success rates, optimized high income and high success rates (video 2 above).
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Established that there are ways to trade the generation 2 Simple RSI Trader Robot that would potentially take $1000 to over $500,000 in 1 year using the % of equity method.(video 3 above).
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The settings have been explained in detail as well as provided guide settings and actions which potentially increase income, success rates and have lower drawdowns.
Advantages of the simple RSI Trader
How OFTEN can I use the Simple RSI Trader
Each purchase of the Simple RSI Trader EA entitles the owner to trade the Robot as often as they want as long as no more than 2 computers are used at the same time.
Moving the Robot from computer to computer is easy. Simply delete it from one of your 2 computers and add it to a third.
More licenses can be purchased from the EAFactory website for approximately a 3rd of the original cost.
*** UNLIMITED USE ON ANY 2 COMPUTERS ***
PURCHASE HERE
Remember that you can get settings guidance on the following links
THE SETTING EXPLAINED
SETTINGS BEING TRADED ON LIVE ACCOUNTS
1. The Simple RSI Trader comes in both MT4 and MT5.
2.We do not offer Refunds. Please read the Sales conditions and Risk Disclaimer at the bottom of this page before you purchase.
3.We can offer an Crypto Payment alternative so please contact us if this is your only means of payment.
4. Premium Forum Members will enjoy a 60% discount after the launch has expired. For example, for RSI Gen 2 , the Price for Premium members after the launch will be $200 ($500 x 40% = $200)