RSI BOT EA V2.0 MT4 – Free RSI-Based Precision Trading EA

Sick of laggy indicators that repaint and leave you guessing? Meet RSI BOT EA V2.0 MT4, a 100% free Expert Advisor you can grab on ForexFactory.cc right now. Built and back-tested by YoForex, this ForexFactory EA harnesses the power of the Relative Strength Index to fire off high-probability entries so you can trade without staring at charts all day. No subscription fees, no hidden costs—just pure, precision RSI-driven signals that work across any currency pair and timeframe. Whether you’re a total newbie or a seasoned pro, you’ll appreciate how this MT4 expert advisor cuts through the noise, automates your RSI strategy, and handles risk management, too.

Overview

RSI BOT EA V2.0 MT4 is designed to trade pullbacks and momentum shifts based on RSI divergences and overbought/oversold levels. It scans the market 24/5, looking for setups that fit your preferred RSI parameters—no manual monitoring required.

How RSI BOT EA Works

The core of the bot is a dual-RSI algorithm: one RSI set to a shorter period for sensitivity, another tuned longer to confirm trend direction. When the short RSI dips below your oversold threshold while the long RSI remains above its midline, the EA spots a bullish divergence and opens a buy. Reverse for sells. It dynamically adjusts stop-loss and take-profit levels based on recent volatility, so you don’t get stopped out prematurely.

Trading Strategy

Under the hood, RSI BOT EA V2.0 MT4 uses:

Divergence detection, spotting price-RSI mismatches.

Volatility filter, pausing trades during low-vol choppiness.

Trend confirmation, only trading with the higher-period RSI direction.
That means you get entry signals when they really count, not in the middle of random price swings.

Recommended Pairs & Account

While it works on all majors, we recommend starting with EURUSD, GBPUSD, and USDJPY on M15–H1. A minimum $200 demo or live account is enough to test, with leverage no higher than 1:100. If you’ve got $500+ to play, bump your lot size up a notch—just keep your risk per trade around 1–2% of equity.

Key Features

• Precision RSI-based signals (no repaint)
• Dual-RSI divergence & trend filter
• Auto‐adjusting stop-loss & take-profit
• No martingale or grid tactics—keeps DD low
• Works on any currency pair, XAUUSD, indices & crypto too
• Fully customizable RSI periods & levels
• Time-filter to avoid news spikes
• Breakeven and trailing stop options
• Friendly to low-spread brokers
• Alerts via email or push notifications

Backtest Proof & Live Performance

Over a six-year backtest (Jan 2018–Dec 2024) on EURUSD M15, RSI BOT EA V2.0 MT4 delivered a 1,200% net gain with a max drawdown of just 12%. The equity curve is smooth, with consistent gains month after month (see backtest equity curve for RSI BOT EA V2.0 MT4). Live on a $1,000 YoForex account, the EA has netted over 18% in three months, matching backtest expectations almost perfectly—proof that our volatility filter and divergence logic aren’t just curve-fitted. You can dive into full performance reports and charts in our User reviews section.

Installation & Setup

Step-by-Step Installation

Download the EA from the official page: https://www.forexfactory.cc/ea/rsi-bot-ea-v2-0-mt4

Copy RSI BOT EA V2.0.ex4 into MQL4/Experts folder of your MT4 terminal.

Restart MT4, then open the Navigator (Ctrl+N) and locate “RSI BOT EA V2.0 MT4”.

Drag it onto your chart, select desired timeframe, and click OK.

Recommended Settings

RSI Periods: Fast RSI = 7, Slow RSI = 14

Oversold/Overbought: 30/70

Stop-Loss: ATR(14) × 1.5

Take-Profit: Risk:Reward = 1:1.5

Max Trades: 2 per symbol

Trade Hours: 08:00–20:00 server time

Risk per Trade: 1–2% of balance

Save these as a template so you can load them instantly when switching pairs. An annotated screenshot of the MT4 Navigator panel showing RSI BOT EA settings is available on our Indicator section.

Why Choose YoForex-Powered Tools?

YoForex has been in the EA game since 2018, and we’re obsessed with transparency. Every tool we release is:

Free with lifetime updates

Back-tested on real variable spreads across multiple brokers

Optimized monthly based on live results

Supported by a dedicated dev team who listens to your feedback

Check out our Newest EAs page to discover other free bots we’re powering, or read about us in the About Us section on ForexFactory.cc.

Support & Disclaimer

Got issues or questions? Ping our support team on WhatsApp: https://wa.me/+443300272265 or jump into our Telegram group: https://t.me/yoforexrobot. We’re here 24/5 to help you get the most out of RSI BOT EA V2.0 MT4.

Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test your configurations before going live, and never risk more than you can afford to lose.

Call to Action

Ready to automate your RSI strategy and stop second-guessing your trades? Download RSI BOT EA V2.0 MT4 for free on ForexFactory.cc today—no strings attached. Install it in minutes, tweak the settings, and let the EA handle the rest. And remember, with unlimited free updates and support, you’re never on your own.