The RSI Range Trader Expert Advisor is a free trading software. Its usage is restricted to FXCM brokerage and MetaTrader4 trading platform. The advisor is an indicator type and applies Relative Strength Index indicator in its work. trades EURUSD, GBPUSD currency pairs on timeframefrom M5 and higher. The advisor places buying and selling trades according to the relationship of the tool bid price to the level of the indicator. The minimum recommended deposit is $100.
RSI Range Trade Expert Advisor places only one trade at a time. The advisor is not featured with stop-loss so it is advised to be careful to avoid losing the deposit. RSI Range Trade can also be used as an oscillator, in this case it always keeps the trades open.
This Expert Advisor (EA) is only compatible with FXCM MetaTrader 4 software. It does not operate on MetaTrader 4 software provided by any other brokerage. In order to purchase or download the app, an FXCM live account is required. Once downloaded, the app can be used on both live and demo FXCM accounts.
The RSI Range Trader EA buys and sells depending on the relationship of the instrument’s bid price to the RSI indicator’s level. The Relative Strength Index indicator measures price to determine when an instrument has been overbought or oversold.
When the RSI indicator crosses above the “lower” level, a buy trade is opened.
Note: Used as an oscillator, this EA will always have a trade open (once the initial buy or sell trade opens). Trades close when the RSI indicator crosses below the “upper” level. When this happens, a new sell trade also opens. All trades open at the close of the current candle. Only one trade at a time is opened, regardless of the number of crossovers that occur. Stops and limits are not used.
When the RSI indicator crosses below the “upper” level, a sell trade opens.
Note: Used as an oscillator, this EA will always have a trade open (once the initial buy or sell trade opens). Trades close when the RSI value crosses above the “lower” level. When this happens, a new buy trade also opens. All trades open at the close of the current candle. Only one trade at a time is opened, regardless of the number of crossovers that occur. Stops and limits are not used.
| RSI Range Trader EA Rating | 6.6 |
| Yield per annum | 53.37% |
| Max drawdown per annum | 29.32% |
| Developer | FXCM |
| Created, year | 2015 |
| Free | |
| Class | short and long term |
| Type | trend |
| Lot size | not less than 1000 units per 0.1 of a standard lot |
| Deposit | $500 |
| Leverage | 500 |
| Timeframes | from M5 and higher |
| Strategies | own strategy |
| Indicators | RSI indicator |
| Recommended brokers | LBLV, Cinpax, Commerce Wealth |
| Trading tool/currency pairs | EURUSD, GBPUSD |
| Automatic account type | |
| Indicating | |
| Multiple usage | |
| Mini deposits | |
| Max risk limitation | |
| ECN | |
| NDD | |
| Several one-way series | |
| Auto start lot | |
| Fixed stop loss | |
| Fixed takeprofit | |
| Automatic lapse expansions |
Forex EAs 2025
| Forex Advisor | Deposit | Yield | |
| 1 | EcoTrade Forex Robot | $100 | 15% |
| 2 | ScalperX | $500 | 40% |
| 3 | FXCipher | $300 | 10% |
| 4 | CarinaBot | $100 | 52.32% |
| 5 | Fortnite | $500 | 135% |
| 6 | Tickeron AI robot | $100 | 117% |
| 7 | Learn2Trade | $1000 | 160% |
| 8 | Auto Recovery EA | $100 | 37% |
| 9 | Coinrule | $1000 | 270% |
| 10 | Forex Trendy | $250 | 90% |
| 11 | FX BlasterPRO | $1000 | 180% |
| 12 | Waka Waka | $100 | 74% |
| 13 | Renko EA | $100 | 41% |
| 14 | EliteFxgo | $1000 | 30% |
| 15 | Stairsteps EA | $100 | 29% |
| 16 | 1000pip Climber System | $500 | 77.3% |
| 17 | Happy Breakout EA | $100 | 8.5% |
| 18 | Happy Galaxy EA | $2000 | 5% |
| 19 | Happy Neuron EA | $5000 | 5% |
| 20 | Golden Pickaxe | $100 | 19.39% |
| 21 | EA Builder | $1000 | 119.8% |
| 22 | Perceptrader AI | $100 | 10% |
| 23 | Evening Scalper Pro | $100 | 78.84% |
| 24 | Odin Forex Robot | $2000 | 57% |
| 25 | Night Hunter Pro | $100 | 71% |
Key Factors to Consider When Choosing a Forex Advisor. Risk Management. Fees and Costs. Compatibility with Your Trading Style.
This article explores the benefits and risks associated with using Forex Expert Advisors, providing insights into how traders can maximize their potential while mitigating potential downsides.
By prioritizing factors such as overall rating, regulatory compliance, trading conditions and platform reliability traders can make an informed decision that aligns with their trading needs and aspirations, setting the stage for a potentially prosperous trading journey.
An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.
The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.
Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.
© 2006-2025 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
