Example robot for MetaTrader 5
RSI Mean Reversion
Buys GBPUSD when the RSI says it is oversold and the price is above its long-term average, sells when it is overbought below that average, and gets out when the RSI returns to the middle.
- Market
- GBPUSD
- Bars
- 15-minute bars (M15)
- Clock
- UTC
- What it does
- Opens trades
When we open, you will be able to open this robot in the builder, change what you like and check it. Join the waitlist and we will email you once.
The rules, in plain words
Each rule is one or more blocks in the builder. Every number will be changeable before you check the robot.
- When
- Every time a 15-minute bar closes.
- Buy if
- The RSI (14 bars) is below 30, and the last closed bar is above the 200-bar EMA.
- Sell if
- The RSI (14 bars) is above 70, and the last closed bar is below the 200-bar EMA.
- Then
- It opens one trade with a stop loss 250 points away and a take profit 400 points away.
- Early exit
- A buy is closed as soon as the RSI crosses above 50. A sell is closed as soon as the RSI crosses below 50.
- Trade size
- Each trade risks 0.5% of the account, and is never bigger than 2 lots.
Its safety limits
When a limit is reached, the robot stops opening new trades. You can change the numbers, but you cannot delete the limits.
Daily loss limit2%
After a 2% loss in one day, counted from the equity at 00:00 UTC, it opens no new trades until the next day.
Stop loss on every trade250 points
Each trade closes by itself if the price moves 250 points against it.
Most trades open at once1
It waits for its trade to close before it opens another.
Trades per day2
After two trades in one day it waits for the next day.
Wait between trades4 bars
After a trade closes it waits four bars before the next one.
Biggest trade size2 lots
A trade bigger than this is not placed.
Spread at most25 points
When the spread is wider than this, it waits.
What it does not do
Every robot here does only what its blocks say. These are the things people often expect from a robot that this one does not do.
A limit stops new trades. It cannot stop prices from jumping, so a loss can sometimes go past the limit you set. More on the safety page.
RSI Mean Reversion
Not this
- It trades only with the long-term trend: no buys below the 200-bar average, no sells above it.
- It holds one trade at a time, and never makes a trade bigger after a loss.
- It does not add to a losing trade.
- Past results do not tell you what will happen next.
Build it, test it, get it
When we open: open the robot in the builder, change what you like, and press Check. Then test it on past prices in your own MetaTrader 5, and get it for your accounts.
The step-by-step guide covers every click, from the builder to a running robot.
Three steps
From this page to your chart
Build. When we open, press Open it in the builder, change any number, then press Check. The builder says what is missing, in plain words. Building a robot
Test. Download the free test copy and run it in the Strategy Tester. For this robot choose GBPUSD and M15. Testing a robot
Get it. Enter the MetaTrader 5 account numbers it may run on. You will pay once for each robot, and we will email you when it is ready to download. The account lock
Questions about this robot
More answers on the questions page.
What is the RSI?
The relative strength index is a number from 0 to 100 that compares recent gains with recent losses. Below 30 is usually read as oversold, above 70 as overbought. This robot uses it over the last 14 bars.
What does mean reversion mean?
The idea that a price which has moved a long way in a short time often comes part of the way back. This robot buys after a sharp fall and sells after a sharp rise, but only on the side of the long-term trend.
Why does it close at RSI 50?
Once the RSI is back in the middle, the move the robot was waiting for has happened. Closing there takes what the move gave instead of waiting for the take profit, which the price may never reach.
More example robots
EMA Cross Trend
Follows the trend on EURUSD, one hour at a time. It buys when a fast moving average crosses above a slow one while the price is above its long-term average, and sells on the opposite cross.
- Market
- EURUSD
- Bars
- 1-hour bars (H1)
- What it does
- Opens trades
Read its rules
London Breakout
At 08:00 London time it places one order above and one below the night's price range on GBPUSD. The first order to fill cancels the other, and everything is closed before the weekend.
- Market
- GBPUSD
- Bars
- 1-hour bars (H1)
- What it does
- Opens trades
Read its rules
MACD Trend with Daily Loss Limit
Trades EURUSD on 30-minute bars when the MACD crosses its signal line and the market is trending. Its daily loss limit and total loss limit are set from a prop firm's published rules, and it stays out around big news.
- Market
- EURUSD
- Bars
- 30-minute bars (M30)
- What it does
- Opens trades
Read its rules
Join the waitlist
We will email you once, when TheTradingRobot opens.