Okm rsi Trade

The Basics of Okm RSI Trade

The Okm RSI Trade is a basic Expert Advisor (EA) that utilizes the Relative Strength Index (RSI) as its primary trading strategy. What sets this product apart is its simplicity and versatility. It’s designed for seamless use with all currency charts, affording traders the freedom to use it across different currencies without any restrictions.

As a free product, the Okm RSI Trade is perfect for novice traders looking to test the waters of automated Forex trading. Users are encouraged to adjust the parameters according to their trading preferences and conduct tests to ascertain its efficacy.

Trading Strategy and Parameters of Okm RSI Trade

The Okm RSI Trade uses a straightforward trading strategy. It goes long when the RSI value drops and short when the value is high. This simple strategy is easy to understand, even for those new to Forex trading.

The EA also comes with other customizable parameters. These include PIPS TP/SL, which sets the Take Profit and Stop Loss by PIPS. If not required, this parameter can be set to zero. Slippage, another key parameter, can be turned on or off based on the trader’s preference.

Additional Features of Okm RSI Trade

The Okm RSI Trade offers additional features such as a Martingale system, an Averaging Down option, and a Spread Filter feature. These features can be activated or deactivated at the trader’s discretion.

The Martingale system doubles the trade size after a losing trade, aiming to recover the loss with the next successful trade. Averaging Down, on the other hand, allows traders to add to a losing position in hope of a market reversal. The Spread Filter feature is designed to prevent trading during high market volatility.

Independent Testing and Updates

Interested traders can watch independent testing of this product on the Forex Robot Easy website. Users can also subscribe to updates on the testing results of this product, providing valuable insights into its effectiveness.

Share Your Experience

Users of the Okm RSI Trade are encouraged to share their experiences. Your input can provide valuable insights for other traders and contribute to the Forex trading community.

FAQ Section

Q: Is the Okm RSI Trade EA free to use?
A: Yes, the Okm RSI Trade EA is free to use and can be tested across different currency charts.

Q: Can the parameters be adjusted?
A: Yes, the EA comes with customizable parameters that users can adjust based on their trading preferences.

Q: Where can I watch independent testing of this product?
A: Independent testing of the Okm RSI Trade EA can be viewed on the Forex Robot Easy website. Users can also subscribe for updates on the testing results.

This review provides an independent, comprehensive look at the Okm RSI Trade EA. As always, traders are advised to do their due diligence before using any trading software.