Rich Raccoon EA
Relative Streight Index (MT4)

Demonstration video (watch in HD)


Download this EA now on QUIVO forex

MT5 Version: Take a look at

If you do not already have Metatrader 4 terminal, please download it here.
If the links doesn't work go to your Terminal's Markettab and search for Tradarz

Principle of operation

The Rich Raccoon EA uses Relative Strength Index (RSI) to enter a trade. If the RSI line breaks from above the AboveRsiLevel it enters a Sell Order. If the RSI line breaks the BelowRsiLevel from below a Buy Order is generated. You have also the possibility to use a MovingAverage filter. If the UseFilterMa ist set to „true“, Buy Order are only generated if the current price is above the MovingAverage. Vice versa.

Parameters for the RSI

RSI_Period = Number of periods for calculation (default is 14)
RSI_AppliedTo = In this parameter you can set the Applied price. It can be any value between 0 and 6 (default is 0/PRICE_CLOSE)

PRICE_CLOSE 0 Close price
PRICE_OPEN 1 Open price
PRICE_HIGH 2 High price
PRICE_LOW 3 Low price
PRICE_MEDIAN 4 Median price, (high+low)/2
PRICE_TYPICAL 5 Typical price, (high+low+close)/3
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4

AboveRsiLevel = Above signal line (default is 70)
BelowRsiLevel = Below signal line (default is 30)

Parameters for the Moving Average Filter

UseFilterMa = Set to „true “ of you want to use the MovingAverage filter. By default it is set to „false“.
FilterMaPeriod = Averaging period for calculation (default is 200)
FilterMaShift = MA shift. Indicators line offset relate to the chart by timeframe (default is 0)
FilterMaMethod = In this parameter you can set the MovingAverage Method It can be any value between 0 and 3 (default is 0 / Simple moving average)

MODE_SMA 0 Simple moving average
MODE_EMA 1 Exponential moving average
MODE_SMMA 2 Smoothed moving average
MODE_LWMA 3 Linear weighted moving average

FilterAppliedTo = In this parameter you can set the Applied price for the MA filter. It can be any value between 0 and 6 (the same possibilities as for the RSI_AppliedTo | default is 0 / Close price)

All others Parameters are described in the functions page.