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Seller price: Free
Submit source if you own this EAView on MQL5 ↗Envelopes RSI Zone Scalper2.0
Seller claims
grid yes · martingale no · SL yes
EALegit summary — unaudited listing
Envelopes RSI Zone Scalper is a MetaTrader 5 expert advisor that trades forex, commodities, stocks, or indices on a user-selected timeframe (default: current chart). It opens initial buy or sell trades when RSI crosses the 30/70 levels in combination with price touching dual Envelopes bands (fast 150-period/0.1% and slow 95-period/1.4%), targeting a profit zone of 600 points by default. If price moves against a position, recovery trades are opened at a set distance (default 300 points) to balance the basket, with a trailing stop (default 50 points) optionally protecting initial trades. Lot sizing is either fixed or risk-based (default 1% of balance per 300 points of risk), and multiple baskets can be managed via unique magic numbers; no hard stop loss is described, and the recovery mechanism can increase exposure in adverse moves.
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