RSI TrendWave
by Alexander Men · MT4
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Summary
RSI Strategies EA is an inexpensive MT4 expert advisor by Tonny Obare priced at $30 with a 4.33/5 user rating. It appeals to budget-conscious traders who want an RSI-based automated approach on MT4, but no verified performance stats are available. Several higher-priced alternatives (many MT5) offer different logic, more mature vendor reputations, or advanced features; these include PZ Stop And Reverse EA MT5 ($149), Market Anomalies EA ($99), Neon Shadow EA MT5 (price N/A), Night Ranger ($149), and EA Pivot SR mt5 ($95), all showing 5/5 ratings but no verified stats. Platform realities, spreads, broker rules and drawdown risk matter for all EAs. FxRobotEasy independently reviews these bots to help traders weigh features, costs and operational constraints without promising returns.
Retail traders compare RSI Strategies EA with alternatives because strategy type, platform compatibility and cost materially affect automated trading outcomes. RSI Strategies EA is an MT4 expert advisor by Tonny Obare priced at $30 with a 4.33/5 rating — attractive for traders who prefer RSI-based entries on MT4. Alternatives span MT5 and varying price points, and many list perfect ratings but lack verified live stats. Differences in platform (MT4 vs MT5), minimum spreads, broker execution model, allowed leverage and acceptable drawdown profiles mean the same logic can behave very differently in real accounts. FxRobotEasy independently reviews each product, highlights limitations, and flags platform realities so traders can make measured decisions without expecting guaranteed performance.
| Metric | RSI Strategies EAMain Product | Scalperology Ai Our bot | RSI TrendWave | RSI Special Operator MT4 | RsiRipper | Rsi Scalper Gold |
|---|---|---|---|---|---|---|
| Rating | 0.0 | N/A | 0.0 | N/A | N/A | N/A |
| Price | $30 | $149 | N/A | $149.99 | $1200 | $499 |
| ROI | N/A | +263.5% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 12.1% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 67.0% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 2.25 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 802 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
RSI Strategies EA is a straightforward MT4 expert advisor authored by Tonny Obare, priced at $30 with a user rating of 4.33/5. Strengths include low entry cost and a clear technical basis: RSI rules are familiar, easy to backtest, and suitable for traders who want a simple momentum/mean-reversion approach on MT4. Weaknesses are the lack of verified live statistics and limited published track record, which increases model risk; results depend heavily on broker spreads, execution latency and allowed leverage. This EA suits budget-focused traders and those running demo or small live accounts who prefer MT4 and want to experiment with RSI automation. It is less appropriate for traders demanding verified performance, advanced money management, or native MT5 features. As always, plan for drawdown risk, test on relevant broker conditions, and remember FxRobotEasy independently reviews these products without guaranteeing profits.
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RSI Strategies EA is a low-cost MT4 option ($30, rating 4.33) well suited to traders who want a simple RSI-based automated tool and prefer the MT4 ecosystem. Its main limitation is the lack of verified live statistics, so real-account performance is uncertain and dependent on broker spreads, execution and leverage choices. The listed alternatives generally cost more, many are MT5-native and carry 5/5 ratings but likewise lack verified stats. If you need verified track records or more advanced MT5 features, consider one of the alternatives or explore verified FxRobotEasy bots as an independently reviewed option. Always demo test, factor in spreads and drawdown risk, and avoid expecting guaranteed returns.
RSI Strategies EA may be worth buying if you want an inexpensive MT4 expert advisor to experiment with RSI-based automation. It costs $30 and has a 4.33/5 rating, but there are no verified live statistics available. That means you should demo-test it under your broker’s spreads, execution and leverage conditions before using real capital. The EA suits budget-conscious traders and those who accept model risk and potential drawdowns.
There is no single best alternative; choices depend on your needs. PZ Stop And Reverse EA MT5 ($149) and Market Anomalies EA ($99) both have 5/5 ratings and offer different logic or MT5 features compared with RSI Strategies EA. Neon Shadow EA MT5 has price N/A and also rates 5/5. None of the alternatives have verified live stats listed here, so pick based on platform compatibility (MT4 vs MT5), feature set, and whether you will demo-test under your broker’s spreads and rules.
Evaluate EAs by running extended demo tests that replicate your broker conditions: typical spreads, slippage, latency and swap rates. Check each EA’s risk controls, money management and historical backtests, but treat backtests cautiously. Monitor drawdown behaviour, position sizing limits and how the EA handles news and execution delays. Since verified live stats are not available for these products, independent testing and conservative position sizing are essential. FxRobotEasy independently reviews these products to help identify documentation and platform risks.
While evaluating RSI Strategies EA and its alternatives, consider Scalperology Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+263.5%
Total Return
12.1%
Max Drawdown
67%
Win Rate
802
Total Trades