Live-Rates Automated Trading Strategy
Passive income - Let this bot trade for you and get successful trades managed by an automated strategy
Live-Rates has spent the last several months developing and refining an automated trading strategy built as a MetaTrader expert advisor (EA). The system watches for crosses between the MACD and RVI indicators and, when a reversal signal appears, opens trades on its own.
Once loaded onto a chart, the EA handles entries and exits without any manual intervention, freeing traders from screen-watching while the strategy runs in the background.
Key takeaways
- The EA trades MACD/RVI crossovers and reacts to reversal signals automatically.
- It opens and closes positions with no human intervention required.
- Best results come on the Daily timeframe across multiple charts.
- Backtests span several forex pairs, indexes, and stocks with robust results.
- Live performance is public via an MQL5 signal, and the EA file is available for download.
How the Strategy Works
The expert advisor is a rule-based system that continuously monitors two momentum indicators: the Moving Average Convergence Divergence (MACD) and the Relative Vigor Index (RVI). When these indicators cross in a way that signals a reversal, the EA opens a trade in the direction of the new momentum.
Indicator Logic
The combination of MACD and RVI is designed to filter out weaker signals. A crossover on one indicator alone can be noisy, but requiring alignment between both is intended to make the entry more selective.
Deployment and Setup
The EA is optimized for the Daily timeframe. To use it in practice, traders load the script onto several charts and let it monitor, open, and close trades autonomously. No manual oversight is needed during the trading session.
Recommended Usage
Because the strategy operates on daily bars, signals are infrequent compared to lower timeframes. Running the EA across multiple instruments helps spread exposure and increases the number of opportunities the system can act on.
Backtesting and Robustness
Backtests have been performed on several forex pairs, indexes, and stocks. According to the results, the strategy proves robust when traders are willing to be patient and let the system work over time rather than judging it by short-term outcomes.
Live Performance and Downloads
Traders who want to follow the strategy in real time can track the live signal on a public MQL5 account: https://www.mql5.com/en/signals/434961.
The expert advisor file itself is available for download here: http://www.filedropper.com/macdrvi.
Custom MQL4 Development
Beyond this strategy, the Live-Rates team offers custom MQL4 development for MetaTrader. Traders interested in building their own automated strategy can reach out to have one developed by experts in the language.
FAQ
What indicators does the expert advisor use?
The EA is built around the MACD and RVI indicators. It watches for crossovers between them and opens trades when a reversal signal is confirmed.
Which timeframe is the strategy optimized for?
The strategy is optimized for the Daily timeframe. Traders are advised to load the EA on several daily charts to maximize opportunities.
Does the EA require manual intervention?
No. The expert advisor monitors, opens, and closes trades automatically. Once loaded on the chart, no human input is required.
What markets has the strategy been backtested on?
Backtests were performed on several forex pairs, indexes, and stocks. Results indicate the strategy is robust provided the trader is patient.
Can Live-Rates build a custom automated strategy?
Yes. The team specializes in MQL4 development for MetaTrader and can build custom expert advisors on request.
For real-time forex data to feed strategies, dashboards, or trading tools, explore the Live-Rates plans page to pick a subscription that fits.
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