CAP RSI Trader EA

Free RSI automation EA · Customisable scenarios · Full position management · MT4

About CAP RSI Trader EA

The CAP RSI Trader EA is a free Expert Advisor for MetaTrader 4, available on the MQL5 Market (product/42404). It is part of the CAP series of utility EAs designed for systematic, indicator-driven automated trading. As its name suggests, the EA trades exclusively based on the RSI (Relative Strength Index) indicator — one of the most widely used oscillators in technical analysis.

The EA offers a wide range of configurable RSI trading scenarios: traders can define custom overbought and oversold levels, choose when to enter (on threshold cross or after retest), and select between trend-following and reversal modes. It also includes flexible position management settings covering lot size, maximum open orders, take profit, stop loss, and trailing stop — making it a comprehensive RSI automation tool for any pair or timeframe.

Platform: MetaTrader 4
Indicator: RSI (Relative Strength Index)
Scenarios: Multiple customisable RSI entry scenarios
Settings: Custom overbought/oversold levels, entry mode, position management
Risk tools: Lot size, max orders, TP, SL, trailing stop
Price: Free on MQL5 Market
Source: mql5.com/en/market/product/42404

Key Features

✓ RSI automation — converts one of the most trusted oscillators into a fully automated strategy

✓ Multiple entry scenarios — configure entry on cross, retest, or threshold conditions

✓ Custom overbought/oversold — not limited to the standard 70/30; set your own levels

✓ Full position management — TP, SL, trailing stop, and lot control built in

✓ Free on MQL5 — no purchase needed; directly downloadable from the official market

⚠ RSI alone can produce many false signals in trending markets — combine with a trend filter for best results

⚠ Requires optimisation per pair — RSI overbought/oversold levels and periods vary by instrument and timeframe

Download EA WhatsApp Support Telegram Channel