This EA is based on a simple trading strategy using RSi overbought and oversold levels. The minimum required capital is $100 (cent account recommended)
It is FIFO compliant.
Below is the risk classification for this EA:
NB: For traders who do not have up to $10,000 trading account, using $100 in a cent account (using the equivalent settings on the cent account as below) is highly recommended.
Low risk - 0.01 per $10,000
Medium risk - 0.01 per $5000
High risk - 0.01 per $2000
Crazy risk - 0.01 per $1000
Recommended leverage = 1:500
This EA does not martingale in the real sense of martingale but enter multiple trades with the same volume until the circle is complete. This is the reason we recommend the risk thresholds above.
This EA works well for the H1 timeframe of the 28 major pairs.
It is recommended to use brokers with low spreads
