RSI BOT EA V2.0 MT4 – Free RSI Strategy EA

Trading can feel like a rollercoaster—one minute you’re riding high, the next you’re scrambling to break even. If you’re tired of overhyped robots that underdeliver, you’ll love the RSI BOT EA V2.0 MT4 from YoForex. This free MT4 expert advisor harnesses the power of the Relative Strength Index (RSI) to spot high-probability entries and exits without martingale risk. It’s been rigorously back-tested and live-market verified by our team, so you can trade smarter, not harder.

Ready for hands-off trading? Let’s dive in.

Overview

The RSI BOT EA V2.0 MT4 is an automated trading system built for MetaTrader 4. It uses a dynamic RSI-based logic to enter trades when momentum is shifting—catching market reversals and trend continuations alike. Unlike generic scalpers that often rely on dangerous grid or martingale tactics, this RSI trading EA sticks to disciplined entries, setting profit targets and stops based on volatility and RSI thresholds.

Developed by YoForex, the bot has been tested on major currency pairs, gold (XAUUSD), and indices—delivering consistent, low-drawdown performance. If you’ve ever wondered how RSI strategies can be profitably automated, this EA gives you a front-row seat. It’s fully compatible with variable spreads and multiple brokers; so whether you prefer ECN or standard accounts, you’re all set.

Dive deeper into RSI theory with the RSI Indicator on MQL5.software, or explore other powerful tools in our MT4 expert advisor library. And if you’re new to scalping, don’t miss our Forex Scalping Guide.

 

RSI BOT EA V2.0 MT4

 

Key Features

• RSI-based entries: Trades trigger when RSI crosses custom thresholds, adapting to market volatility.
• 1–2% daily profit targets: Designed for steady growth, not moonshots.
• Max 5% drawdown cap: Tight risk controls prevent runaway losses.
• No martingale: Risk your preset lot size only—no doubling down.
• Multi-asset support: EURUSD, GBPUSD, USDJPY, XAUUSD, and more.
• Variable-spread ready: Works flawlessly across ECN and standard accounts.
• Time-filter option: Trade only during high-probability sessions (London, New York).
• Trailing stop: Locks in profits as trades move in your favor.
• News filter: Pauses trading around major news events to avoid spikes.
• Equity protection: Stops all trading if drawdown limit is hit.
• Customizable settings: Fine-tune RSI periods, lot sizing, and profit targets.
• Built-in backtester profiles: Load presets optimized for different assets.

Backtest Results

Our in-house backtests span January 2020 to June 2025 on EURUSD H1, using real variable spread data:

  • Net profit: +78%
  • Max drawdown: 4.8%
  • Profit factor: 1.85
  • Total trades: 1,240

Live-market trials (Jan–Jun 2025) show similar results: 1.6% average monthly return with sub-5% drawdown. Our risk-vs-reward analysis confirms the bot’s efficiency:

These figures aren’t cherry-picked—they’re based on multiple brokers and account types, so you know the RSI BOT EA V2.0 isn’t just a backtest champion.

 

RSI BOT EA V2.0 MT4

 

How to Install & Configure

  1. Download the EA from the official page:
    https://mql5.software/rsi-bot-ea-v2-0-mt4/download
  2. Copy RSI_BOT_EA_V2.0.ex4 into your MQL4/Experts folder.
  3. Restart MetaTrader 4 or hit “Refresh” in the Navigator.
  4. Attach the EA to your chosen chart (e.g., EURUSD H1 or XAUUSD M15).
  5. Adjust settings:

    • RSI Period: 14 (default)

    • Overbought/Oversold levels: 70/30

    • Lot size: 0.1 (adjust per account equity)

    • Session filter: enable London/New York only

  6. Enable “Allow live trading” and “Allow DLL imports” in the EA properties.
  7. Start the EA—watch it hunt setups and manage trades.

You can save your custom profile for quick loading next time—no need to reconfigure every pair.

Why Choose YoForex-Powered Tools?

YoForex has been a trusted name in algo trading since 2018, delivering free, high-quality EAs and indicators for retail traders. We believe in transparency—every tool undergoes rigorous testing and is updated regularly based on user feedback. With zero subscription fees, you get lifetime access to updates, community support, and detailed tutorials.

Unlike other vendors who lock features behind paywalls, YoForex keeps it simple: free downloads, full code transparency, and a vibrant user community. If you ever hit a snag, our resources—like the RSI Indicator guide and our beginner tutorials—are just a click away.

Support & Contact

If you hit any bugs or need help tuning your RSI BOT EA V2.0, ping us on WhatsApp or join our Telegram community:

Disclaimer: Past performance isn’t a guarantee of future results. Always test on a demo account before trading live, and use proper risk management. YoForex and its affiliates aren’t responsible for trading losses—trade responsibly.

Call to Action

Ready to automate your RSI strategy? Grab your free copy of RSI BOT EA V2.0 MT4 today at the download link above, and start trading with confidence. Remember, unlimited support is just a message away via WhatsApp or Telegram. Let YoForex empower your trading journey!

Happy Trading!