(Mqlrobot) RSI Doji Reversal Scalping EA_MQL4: A Precision-Based Scalping Strategy

Harnessing RSI Overbought/Oversold & Doji Candlestick for Reversal Trading

The (Mqlrobot) RSI Doji Reversal Scalping EA is an advanced automated trading system designed to capitalize on RSI-based reversals combined with Doji candlestick patterns. This strategy ensures high probability trade setups by detecting market exhaustion points and confirming entries using price action patterns.

✅ Developed with Fxdreema – Customizable for different trading styles
✅ RSI Overbought & Oversold Levels – Captures trend reversals with high accuracy
✅ Doji Candlestick Confirmation – Increases precision for entry execution

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Trading Strategy Overview

This EA uses Relative Strength Index (RSI) levels and Doji candlestick formations to identify potential market reversals.

📌 Key Trading Concepts Used

• RSI Overbought/Oversold Levels – Identifies potential trend reversals.
• Doji Candlestick Confirmation – Validates trade entry based on indecision candles.
• Grid Trading for Additional Entries – Expands positions strategically.

📌 Buy Entry Condition (RSI Oversold + Bullish Doji)

• The EA identifies a buying opportunity when:
  • RSI drops into the Oversold zone (below 30).
  • A bullish Doji candlestick is detected.
  • No existing Buy trade is open.

🔹 Process Flow:
1️⃣ Check RSI Oversold condition (< 30).
2️⃣ Confirm Doji candlestick formation (wick & body size validation).
3️⃣ Execute Buy Order with a fixed lot size.

📌 Sell Entry Condition (RSI Overbought + Bearish Doji)

• The EA identifies a selling opportunity when:
  • RSI rises into the Overbought zone (above 70).
  • A bearish Doji candlestick is detected.
  • No existing Sell trade is open.

🔹 Process Flow:
1️⃣ Check RSI Overbought condition (> 70).
2️⃣ Validate Doji candlestick parameters (wick & body size).
3️⃣ Execute Sell Order using fixed lot sizing.

Trade Execution & Risk Management

This EA implements dynamic entry management along with risk control measures.

✔️ Grid Trading System

• The EA adds new orders if price moves against the initial trade.
• Uses Grid Distance multipliers to space trades effectively.
• Adjusts lot size dynamically based on RSI levels.

🔹 Execution Flow:
✅ If RSI remains in the range, add more trades to strengthen position.
✅ Adjust lot size based on RSI conditions to balance exposure.

✔️ Take Profit & Stop Loss Automation

• Customizable SL & TP settings based on market structure.
• Trailing Stop ensures profitable trades remain protected.

✔️ Trade Close Conditions

• The EA monitors floating profit/loss.
• Trades are closed once the target is met or RSI exits the overbought/oversold zone.

✔️ Position Counting & Risk Limitation

• Keeps track of Buy/Sell positions using internal trade counters.
• Prevents overexposure by limiting open trades per direction.

🔹 Example Scenario:
✅ If RSI exits Overbought/Oversold, close all open trades.
✅ If market moves in favor, trailing stop locks in profits.

Why Choose This EA?

✔ RSI-Based Precision Trading – Ensures accurate market timing.
✔ Doji Candlestick Confirmation – Enhances entry accuracy.
✔ Dynamic Grid & Lot Sizing – Optimizes risk exposure.
✔ Fxdreema-Based Customization – Modify EA logic easily.
✔ Optimized for Scalping & Swing Trading – Works in different market conditions.

👉 Get the RSI Doji Reversal Scalping EA Now 👈

Backtesting & Performance Optimization

Before using this EA in live trading, it is recommended to:

• Perform backtesting using 99.9% tick data for realistic results.
• Adjust RSI parameters based on market volatility.
• Start with a demo account before transitioning to live trading.

⚠ Risk Warning:
Forex trading carries a high level of risk. Always use proper risk management.

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Follow Us for Updates & Support

For updates and support, follow us on:

• 📺 YouTube: https://www.youtube.com/@mqlrobot
• 📘 Facebook: https://www.facebook.com/mqlrobot
• 🎵 TikTok: https://www.tiktok.com/@mqlrobot
• 📩 Support Contact: https://mqlrobot.com/contact-us/
• 💬 Line Support: https://page.line.me/143kgzhe

Are you ready to trade RSI-based scalping strategies with Doji confirmation?
👉 Download the RSI Doji Reversal Scalping EA Now 👈