Feb 19, 2012

Slope - RSI - Multi Time Frame EA

Someone searched Google for "RSI DAILY EA 2012", and my site was included in the results (and added to my website stats, which is how I know).

I don't have an EA by that name, but when I did the same search, I believe they were searching for this robot. It's a free EA from a site called "Trade2Win".

It includes the robot, and an indicator which must go in the MetaTrader 4 experts\indicators folder. It suggests you run it on the 5 minute EURUSD chart, but when I did and ran a back-test from 1-1-2011 to 1-1-2012, it bombed badly.

Another back-test on the 60 minute EURUSD chart reveals the following:



It makes a $2743 profit despite an abysmal 19.31% win rate. It was doing quite well until half way through it's run (like many robots I test), which could possibly be due to weird back-test history data. Looking at the equity graph, you can see it was up over $8,000 until the mid-way point.

I briefly tested it on 15 minute and 30 minute time frames, with no luck. I didn't attempt to adjust any settings.