BurtonM
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MT4 RSI KER Kaufman Efficiency Ratio EA Trading Strategy That PRINTS Money
This strategy comes from a video by Ali Casey at StatOasis on YouTube,Thank you Ali for sharing all your data analysis, and backtesting.
RSI Trading Strategy That PRINTS Money
(Tested & Proven)It is important you watch the video link above to understand the EA I have coded.
KER refers to the Kaufman Efficiency Ratio. The KER calculation is internally coded.
IMPORTANT: This MT4 EA strategy is developed and backtested on the S&P500 Daily timeframe.
I have coded other versions: MT5 version is here.
Main Features:
Entry conditions: RSI < entry level and KER[2] > thresholdExit conditions: RSI > exit level or max bars held
Stop loss implementation
Position size management
I have coded a NewOrderReliable library that provides several important advantages for an EA:
Retry Mechanism:
- If an order fails to execute, the library automatically retries up to 10 times (defined by retry_attempts)
- This helps handle temporary network issues or broker server delays
- Each retry attempt includes a random sleep time between attempts to avoid overwhelming the server
Error Handling:
- Better error detection and reporting through OrderReliableErrTxt function
- Detailed error messages are printed for debugging
- Specific handling for common errors like invalid prices or stops
- Helps identify why trades aren't executing as expected
Sleep Randomization:
- Uses OrderReliable_SleepRandomTime between retries
- Sleep time varies between 4.0 and 25.0 seconds (defined by sleep_time and sleep_maximum)
- Helps prevent request flooding and reduces server rejection probability
- More broker-friendly than immediate retries
Order Selection Safety:
- OrderSelectReliable function provides safer order selection
- Helps prevent issues with concurrent access to order selection
- More reliable than standard OrderSelect when managing multiple orders
Trade Validation:
- Includes built-in validation for stop losses through OrderReliable_EnsureValidStop
- Helps prevent invalid order parameters from being sent
- Reduces errors due to incorrect price levels
Consistency:
- Provides consistent behavior across different brokers
- Helps handle varying broker server response times
- More reliable execution in different market conditions
Maintenance Benefits:
- Centralized order handling code
- Easier to update and maintain trading logic
- Consistent error handling across multiple EAs
Server Load Management:
- Intelligent retry timing helps reduce server load
- Better compliance with broker API limitations
- Reduces risk of being blocked for excessive requests
Put the NewOrderReliable.mqh file in the experts/include directory.
Test the EA on a Demo account to check that it is opening and closing trades correctly.
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