TINGA TINGAS ROBOT – RSI-Based Automated Trading for MT4

TINGA TINGAS ROBOT is an RSI-driven automated trading system for MetaTrader 4, targeting GBPUSD and XAUUSD on the M5 timeframe. A backtest across May–November 2024 recorded 72% return on $1,000 with 100% win rate across 48 trades — but that result carries significant caveats covered below. No verified live Myfxbook signal exists for this EA; the account statement provided is a single snapshot, not an audited track record.

Key Highlights

• ✅ Source code included — full MQ4 source lets you audit, modify, and verify logic before risking capital
• ✅ Backtest returned 72% profit ($720 on $1,000) over 6 months on XAUUSD M5
• ✅ RSI-14 strategy trades both long and short on GBPUSD and XAUUSD, M5 timeframe
• ✅ Configurable profit and loss thresholds — Percent_Profit and Percent_Loss parameters adjust risk per account
• ✅ Unlike black-box EAs, the open MQ4 source lets you confirm exactly what the EA executes — no hidden logic

Performance Results

The Strategy Tester report (ICMarkets SC Demo, Build 1428) ran from 1 May to 4 November 2024 on XAUUSD M5. Starting from $1,000, the backtest closed $720.82 net profit across 48 trades — all winners, zero losses. The modelling quality figure recorded is not a standard percentage score, so 99% quality cannot be confirmed from the available data.

The live account screenshot shows 8 simultaneous GBPUSD sell positions at 1.00 lot each, all entered at 1.24054 on 12 April 2023. Total unrealized profit at the time of the screenshot was $21,368 on a $1,000 balance — but this is a single moment captured during a favorable directional move, not an audited history.

The backtest recorded a 36.48% maximum drawdown ($483 on $1,000), caused by the EA holding 8 simultaneous full-lot positions with no stop-loss set (S/L = 0.00). With zero stop-loss protection, a trend reversal against open positions can escalate losses rapidly. Control exposure by reducing Percent_Balance below 15, capping position count, and monitoring open equity daily. Realistic outcomes on a $1,000 account range from moderate recovery to full account loss if an adverse trend sustains without an exit trigger firing.

Backtest data from May–November 2024 on demo; modelling quality unconfirmed. Live screenshot from April 2023 — unaudited single snapshot. Demo test mandatory 90+ days before any live deployment. Past results do not guarantee future performance.

How It Works

Strategy: RSI-14 mean-reversion and momentum trades on GBPUSD and XAUUSD, M5 timeframe — exploits short-term overbought/oversold extremes for fast entry and exit cycles.

Entry: RSI-14 signal triggers position open; Percent_Balance (15 default) scales lot size to account equity.

Exit: Percent_Profit threshold (default 1%) closes trade at target; Percent_Loss (default 500%) acts as emergency exit — set extremely wide by default, meaning the EA relies on profit targets, not stop-losses, for normal exits.

Risk Control: No hard stop-loss on individual trades (S/L = 0.00 confirmed in data). Reduce Percent_Balance and monitor open positions actively — the EA will not self-limit position count automatically without parameter adjustment.

✅ Best conditions: Trending GBPUSD or XAUUSD sessions • Clear RSI extremes on M5 • Low-spread ECN broker environment

⚠️ Caution: Ranging markets with no RSI extreme • High-spread brokers that erode M5 scalp targets • Unmonitored live accounts with default Percent_Loss = 500%

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Traders who want to inspect and modify EA source code before deploying real capital
• MT4 users running GBPUSD or XAUUSD with a $2,000+ account for safer DD tolerance
• Developers looking for a working RSI-14 base system to build on or backtest further
• Traders comfortable with no-stop-loss grid-style exposure who actively monitor open positions

✅ Best results when:

• Running 60+ day demo validation before switching to live capital
• Percent_Balance is reduced from default to limit simultaneous position exposure

Traders who need a fully audited live track record, or who cannot monitor open positions daily, should complete extensive demo testing before committing capital. Compare other forex EA strategies if a hard stop-loss on every trade is a non-negotiable requirement for your risk plan.

Download Package Included

• ✅ Experts:
  • TINGA TINGAS ROBOT V23s.mq4
• ✅ Presets:
  • EURUSD.set
  • GBPUSD.set
  • Pair_1% profits.set
  • Pair_2% profits.set
  • Pair_5% profits.set
  • Pair_6% profits.set
  • Pair_10% profits.set

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Frequently Asked Questions