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This is a classic Relative Strength Index (RSI) trading and signal robot, it is very good in prediction trend and price movement with signals that tell you when an instrument is oversold or overbought, use it as an auto-trader and also receive instant signals via email and a window pop-up.
EXAMPLE SETTINGS FOR EURUSD
£29.99

What Type of Trading Strategy is This?

This is a commonly used trading system that has been automated, it helps identify trend changes and can be used with the right settings as a trading robot, it has risk management included helping you reduce your losses. We are not promising you will get rich, but this robot can be used fully or semi-automated as part of a collection of other trading robots together.

 

 ctrader rsi

 

What is a Relative Strength Indicator (RSI) Indicator?

The RSI measures the ratio of up-moves to down-moves and normalises the calculation so that the index is expressed in a range of 0-100. It has been originally developed by J.Welles Wilder. If the RSI is 70 or greater, the instrument is assumed to be overbought (a situation in which prices have risen more than market expectations). An RSI of 30 or less is taken as a signal that the instrument may be oversold (a situation in which prices have fallen more than the market expectations). Contrary to many opinions, the RSI is a leading indicator.

 

 How is it Calculated?

The formula for FX RSI indicator takes two equations that are involved in solving the formula. The first component equation obtains the initial Relative Strength (RS) value, which is the ratio of the average UP closes to the average DOWN closes over 'N' periods represented by the following formula:

RS = Average of 'N' day's closing UP/Average of 'N' days closes DOWN

The actual RSI value is calculated by indexing the indicator to 100 through the use of the following formula: RSI = 100 - (100 /1 + RS).

 ~ Only a single buy or sell position will be open at any time ~

 

 EXAMPLE SETTINGS FOR EURUSD

ctrader eurusd

 

How Do We Capture a Trend?

  • If the RSI moves above a threshold like 70 it is considered overbought and the price may drop
  • If the RSI moves below a threshold like 30 it is considered oversold and the price may rise
  • The 50 level is the midline that separates the upper (Bullish) and lower (Bearish) territories.
  • In an uptrend, the RSI is usually above 50, while in a downtrend, it is below 50.
 

How Does This Trading Robot Work?

The core of the trading robot uses the classic RSI trading system where positions are opened when the RSI line breaks above or below upper and lower thresholds, additional logic has been added to improve performance and reduce false signals. Closing positions are very important and there are various optional methods a trader can use.

  • Stop loss, Take profit and Trailing stop loss
  • Close on the reverse, this is very useful as it will keep a position open until the opposite signal occurs

 

Trading Hours

This useful feature will allow you to set the start and end trading times, so you can avoid the most volatile periods, the optimum trading hours will differ for each instrument, but can easily be found using cAlgo's optimization feature.

 

 Instant Window Popup and Email Alerts

You can also show a pop-up window and have an email sent to you when a price reversal signal happens.

  • Symbol: EURUSD
  • Timeframe: Hour
  • Time: 12:34
  • Price: 1.2295
  • RSI value: 38
  • RSI period: 14
  • Trade direction: Buy

 

Option to Turn off Auto-Trading

With Auto-Trading turned off you can use this system as a signal generator to receive an email or a pop-up window.

 

This Strategy Will Work on All Symbols

We ran a back-test on EURUSD and without any optimization and basic settings.

~ Basic Backtest Results ~

 ctrader backtest results

Symbol: EURUSD

 Starting Capital: £1000.00

 Date Range: 1 year

Profit: £367.00 (+37%)

 Drawdown: 21.78% - using a £5000.00 capital the DD is 5.91%

 

Symbol: EURUSD

 Starting Capital: £5000.00

 Date Range: 7 year's (complete date range)

Profit: £5241.00 (+105%)

 Drawdown: 21.96% 

 

 ~ We will include the EURUSD settings with the robot ~

 PLEASE NOTE THESE BACK TESTS ARE WITH SIMPLE SETTINGS FOR ONE CURRENCY PAIR.

YOU WILL NEED TO FIND THE BEST SETTINGS FOR OTHER SYMBOLS

 

Learn How To Backtest & Optimise Your Parameters

 

 free trial no risk trading

"The Free Trial is for 15 days"

 

Adjustable Settings & Features

 We have made sure that you are not just buying strategy that just opens and closes positions when the RSI is oversold or overbought, we have included the most useful risk management and alert features that you will need to get the most out of this robot.

 ctrader optimal rsi parameters

 

Not Using the cTrader Trading Platform?

If you are not using the cTrader platform, you can find out more about it by clicking on the link below.

Tell Me More About the cTrader Trading Platform

 

Do You Want To Add Additional Features?

If you want to add more indicators or additional features to this robot then you would need to purchase the source code so that you own the project 100%

~ source code not included for the price stated above ~

Do you Want The Source Code?

ctrader download source code

The robot is delivered to you without source code for the price stated above, but if you wish to own and have the full source code so you can modify the robot yourself than we can sell you this robot for £99.99, if you have already purchased the robot then we will deduct the price you paid from the total price.

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 14 minutes

 

Learn how to backtest ctrader
 
 

Our Programming Services

 We offer a Professional Programming Service for the cTrader trading platform for custom indicators and robots.

Who Is ClickAlgo.com

How We Work - Request a Quote

Our Programming Services for cTrader

ClickAlgo Programming Services

 

General Questions? Just Get In Touch

You can contact us by Email, Skype or Telephone to discuss your project.

ClickAlgo contact us

What Type of Trading Strategy is This?

This is a commonly used trading system that has been automated, it helps identify trend changes and can be used with the right settings as a trading robot, it has risk management included helping you reduce your losses. We are not promising you will get rich, but this robot can be used fully or semi-automated as part of a collection of other trading robots together.

 

 ctrader rsi

 

What is a Relative Strength Indicator (RSI) Indicator?

The RSI measures the ratio of up-moves to down-moves and normalises the calculation so that the index is expressed in a range of 0-100. It has been originally developed by J.Welles Wilder. If the RSI is 70 or greater, the instrument is assumed to be overbought (a situation in which prices have risen more than market expectations). An RSI of 30 or less is taken as a signal that the instrument may be oversold (a situation in which prices have fallen more than the market expectations). Contrary to many opinions, the RSI is a leading indicator.

 

 How is it Calculated?

The formula for FX RSI indicator takes two equations that are involved in solving the formula. The first component equation obtains the initial Relative Strength (RS) value, which is the ratio of the average UP closes to the average DOWN closes over 'N' periods represented by the following formula:

RS = Average of 'N' day's closing UP/Average of 'N' days closes DOWN

The actual RSI value is calculated by indexing the indicator to 100 through the use of the following formula: RSI = 100 - (100 /1 + RS).

 ~ Only a single buy or sell position will be open at any time ~

 

 EXAMPLE SETTINGS FOR EURUSD

ctrader eurusd

 

How Do We Capture a Trend?

  • If the RSI moves above a threshold like 70 it is considered overbought and the price may drop
  • If the RSI moves below a threshold like 30 it is considered oversold and the price may rise
  • The 50 level is the midline that separates the upper (Bullish) and lower (Bearish) territories.
  • In an uptrend, the RSI is usually above 50, while in a downtrend, it is below 50.
 

How Does This Trading Robot Work?

The core of the trading robot uses the classic RSI trading system where positions are opened when the RSI line breaks above or below upper and lower thresholds, additional logic has been added to improve performance and reduce false signals. Closing positions are very important and there are various optional methods a trader can use.

  • Stop loss, Take profit and Trailing stop loss
  • Close on the reverse, this is very useful as it will keep a position open until the opposite signal occurs

 

Trading Hours

This useful feature will allow you to set the start and end trading times, so you can avoid the most volatile periods, the optimum trading hours will differ for each instrument, but can easily be found using cAlgo's optimization feature.

 

 Instant Window Popup and Email Alerts

You can also show a pop-up window and have an email sent to you when a price reversal signal happens.

  • Symbol: EURUSD
  • Timeframe: Hour
  • Time: 12:34
  • Price: 1.2295
  • RSI value: 38
  • RSI period: 14
  • Trade direction: Buy

 

Option to Turn off Auto-Trading

With Auto-Trading turned off you can use this system as a signal generator to receive an email or a pop-up window.

 

This Strategy Will Work on All Symbols

We ran a back-test on EURUSD and without any optimization and basic settings.

~ Basic Backtest Results ~

 ctrader backtest results

Symbol: EURUSD

 Starting Capital: £1000.00

 Date Range: 1 year

Profit: £367.00 (+37%)

 Drawdown: 21.78% - using a £5000.00 capital the DD is 5.91%

 

Symbol: EURUSD

 Starting Capital: £5000.00

 Date Range: 7 year's (complete date range)

Profit: £5241.00 (+105%)

 Drawdown: 21.96% 

 

 ~ We will include the EURUSD settings with the robot ~

 PLEASE NOTE THESE BACK TESTS ARE WITH SIMPLE SETTINGS FOR ONE CURRENCY PAIR.

YOU WILL NEED TO FIND THE BEST SETTINGS FOR OTHER SYMBOLS

 

Learn How To Backtest & Optimise Your Parameters

 

 free trial no risk trading

"The Free Trial is for 15 days"

 

Adjustable Settings & Features

 We have made sure that you are not just buying strategy that just opens and closes positions when the RSI is oversold or overbought, we have included the most useful risk management and alert features that you will need to get the most out of this robot.

 ctrader optimal rsi parameters

 

Not Using the cTrader Trading Platform?

If you are not using the cTrader platform, you can find out more about it by clicking on the link below.

Tell Me More About the cTrader Trading Platform

 

Do You Want To Add Additional Features?

If you want to add more indicators or additional features to this robot then you would need to purchase the source code so that you own the project 100%

~ source code not included for the price stated above ~

Do you Want The Source Code?

ctrader download source code

The robot is delivered to you without source code for the price stated above, but if you wish to own and have the full source code so you can modify the robot yourself than we can sell you this robot for £99.99, if you have already purchased the robot then we will deduct the price you paid from the total price.

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 14 minutes

 

Learn how to backtest ctrader
 
 

Our Programming Services

 We offer a Professional Programming Service for the cTrader trading platform for custom indicators and robots.

Who Is ClickAlgo.com

How We Work - Request a Quote

Our Programming Services for cTrader

ClickAlgo Programming Services

 

General Questions? Just Get In Touch

You can contact us by Email, Skype or Telephone to discuss your project.

ClickAlgo contact us

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