I tried using the "EA Tsukuru" which is often asked about in inquiries to create an EA for this logic.
EA Create is a product among the software developed by GogoJungle that has been used by many customers for many years.
It is a product.
First, we would like to present the guide video.
Now, to the main topic—the EA you inquired about:
RSI 14/83 Buy/Sell
Breakeven stop 2 pips
Trailing width 3 pips
Slippage 2 pips
Spread up to 1.5 pips
Do-ten setting
We would like to show you how to create it with actual images.
Let's get started right away.
My Page > Develop Beta > EA Create > Basic Settings
In it, fill in "EA Name" and "Slippage = 2".
Trading Conditions: first, create a Buy Entry.
Click Condition 1 and select RSI < value.
For the currency pair and timeframe, this time USD/JPY on a 5-minute chart; enter RSI value 14 and click OK.
Next, select Buy and choose "Buy Entry" and click OK.
Now, create the exit for the Buy position.
Click Condition 2 and enter RSI ≥ 83; the other settings are the same as Condition 1.
Click OK.
Click Buy Close, and select Buy Position Close, then click OK.
Next, create a Sell Entry and its Close.
Click Add Position to create Position 2.
Click Condition 1 and specify RSI > 83. Other settings are the same as before, click OK.
Select Sell Entry and click OK.
With this setting, a do-ten reverse will be performed.
Click Condition 2.
Set RSI ≤ 14 and click OK.
Click the Sell Close button, select Sell Position Close, and click OK.
Returning to Condition 1 from this setting will repeat the reverse (do-ten).
Next, set the breakeven stop at 2 pips, trailing width at 3 pips, and spread up to 1.5 pips.
Choose Options, and input them from the dropdowns to configure.
The settings are now complete. Finally, click Save to complete creating the EA.
The saved EA can be revised at any time.
When finished, click the Create EA button to download the mq4 file.
How is it? You can create an EA with very simple operation.
Report by Hayakawa