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RSI TrendWave (MT4) — review, price and free alternatives
MT4 expert advisorfree on MQL5by Alexander Men
RSI TrendWave is a free MetaTrader 4 expert advisor by Alexander Men on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
RSI TrendWave — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Developer
- Alexander Men
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded RSI TrendWave on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
RSI TheTrendWave is a Double RSI with Smart Martingale Strategy for an MQL4 Expert Advisor combines the RSI-based trend identification with a risk management approach to reduce drawdown using a modified Martingale system.
Before you use RSI TrendWave
What the developer claims
- Here’s how it works: Double RSI Signals : A buy signal is triggered when the short-term RSI crosses above the long-term RSI and both are below a certain oversold threshold (e.g., 30).
- A sell signal is generated when the short-term RSI crosses below the long-term RSI and both a.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- How it handles losing trades. The listing mentions martingale trading. Find out how far it adds to losing positions and what the worst drawdown was.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on RSI TrendWave
Compiled from its public MQL5 listing. FxRobotEasy has not traded RSI TrendWave; what these notes say about how it works comes from that listing.
Overview
RSI TrendWave by Alexander Men represents a comprehensive automated trading solution for MT4 traders. What sets RSI TrendWave apart is its balanced approach to trade execution and capital preservation.
Risk notes
RSI TrendWave implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Alexander Men
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing RSI TrendWave on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Looking for a trend-following robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Trendopedia AIby FxRobotEasy
Our trend-following robot for the major FX pairs
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Trendopedia AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Trendopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
RSI TrendWave or Trendopedia AI?
| RSI TrendWave | Trendopedia AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Alexander Men | FxRobotEasy |
RSI TrendWave — questions
What is RSI TrendWave?
RSI TrendWave is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Alexander Men, and it is listed at no charge. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does RSI TrendWave work on MT4 or MT5?
RSI TrendWave runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is RSI TrendWave free to download?
Yes -- RSI TrendWave is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-11-27. The file is downloaded from the developer's (Alexander Men) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for RSI TrendWave?
FxRobotEasy has not traded RSI TrendWave on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for RSI TrendWave elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.