Try the default settings on M5 – EURUSD, EURCAD, EURAUD; M15 – USDJPY
Monitoring Signal: https://www.mql5.com/en/signals/1113703
Recommended broker: IC Markets
I believe that the RSI is the best indicator out there and most of the times, a divergence on the RSI is a strong hint for a good entry. But what do you do if, after the entry, the trend is strong? And how can you isolate the best and most profitable RSI divergences? Those where my questions when I started working on this EA.
First of all, there are two terms that I want to define. One is “signal” – which I call the RSI peak; and the other one is “entry” – which I call the actual opening of a trade, where the divergence is present.