AMA Trader 2 - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Version 2 adds the ' Time Control ' grouping and removes the ' Profit Limit for All Closing ' and ' Withdrawal ' parameters. Trailing lot control added (description of the new feature is located in the RSI Shuangyun EA code).

Check trading signals - only when a new bar is born.

When generating trading signals, the Expert Advisor takes into account two indicators: iAMA (Adaptive Moving Average, AMA) and iRSI (Relative Strength Index, RSI). The signal itself is created in two steps. Take the "open buy" signal as an example:

Step 1: RSI must be below the level 30 (this level in the EA is set in the parameters) RSI level decreases ). Step 2: Price must overcome the AMA indicator. In order to find the optimal combination of the two indicators, the step parameter is introduced - Distance between step 1 and step 2 (in bars).

When a trade order is received, we claim the profit for the buy position and the sell position respectively. If a trade order is received:

Attachment download

📎 ama_trader_2.mq5 (137.68 KB)

Source: MQL5 #39582