RMI EA can trade using the grid, martingale and hedging, but it is also easy to set up for calm trading and it will trade one or more orders, if you so prefer, just using SL, TP and trailing stop, you can set the lot increase in accordance with the growth of the deposit or use a fixed lot, etc. During testing, the adviser shows good stable results
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|Currency pair||GbpCad, AudCad|
|Money management||At least 1000 currency units|
|Recommended brokers||IC Markets , ALPARI|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
EA receives signals based on the readings of the RMI indicator of the same name; it essentially resembles the standard RSI indicator, but improved, as I understand it, the signals appear at the intersection of overbought and oversold levels.
The official recommendation for the default settings of this EA is a minimum deposit of 1000 units for every 0.01 lot for two currency pairs.
Also, having slightly optimized the adviser, we selected the settings for the GbpCad currency pair for a deposit of $ 100, the set file with these settings is in the archive with the adviser.
Below is a back test with default settings and our set for 100 deposit units.
The adviser is very flexible and clear in the settings, there is everything you need and even more, a lot of useful settings that you can try to set up and select parameters for more accurate entry into a position and retrieve even more profit, I like that all the settings are clear and can be understood without special skills what they stand for.
But if you don’t want to configure anything, then you can use it with standard settings without any problems, the adviser also shows decent results in the strategy tester and in general you can just follow the recommended money management, put the adviser on the chart and it will be able to make a profit, but I still strongly recommend first check the adviser on a demo account or better on a cent account, after which, if the results satisfy you, you can put on a real account.
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!