Whale RSI and SMA: Automated MT5 trading with verified risk-adjusted returns

Whale RSI and SMA review for 2026 focuses on measurable performance and objective analysis of a reversal-style Expert Advisor for MT5. This review highlights how the EA combines a 50-centered RSI extreme filter with a 200-period simple moving average proximity rule, and it reports on observable results users have logged alongside author-supplied parameters. The analysis pays particular attention to the EA's closed-bar approach (shift=1) which reduces in-bar flicker and tends to produce fewer but cleaner signals. Performance notes from users and testing environments corroborate a methodical design intent rather than a high-frequency scalp approach. What makes Whale RSI and SMA unique is the single-parameter symmetry that creates both buy and sell thresholds around RSI=50 and the explicit proximity rule to the 200 SMA, which favors mean-reversion opportunities near longer-term structure. The algorithm computes RSI thresholds and only acts on a new candle on the chosen timeframe, minimizing false entries from intrabar volatility. This EA handles range-bound pullbacks and corrective swings more effectively than strong directional trends. Its risk management is rule-driven: fixed logic for entries and the recommendation to use ATR-based or percentage stop losses externally in account settings. Expected performance characteristics include moderate trade frequency, disciplined drawdown control when properly sized, and dependence on timeframe and instrument volatility, so results vary across EURUSD, GBPUSD, and major indices. Whale RSI and SMA is best used with careful backtesting and conservative position sizing to assess real-account Results before scaling.