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

Author of the idea : Joseph Strauss

MQL5 code author : Balabashka Kong

The EA takes into account the iAMA (Adaptive Moving Average, AMA) and iRSI (Relative Strength Index, RSI) indicators when generating trading signals. The signal itself is formed in two steps. Let’s illustrate this using the example of the “Open Buy” signal:

Step 1: RSI should be less than level 30 ( decrease EA parameter at RSI level ). Step 2: The price should overcome the AMA indicator. Step size is introduced (bar distance between step 1 and step 2) to find the best combination of two indicators.

If you receive a trade order, request profits separately for buy and sell positions. If a trade order is received:

In order to make changes, I applied here the following money management system: Profit limit for total closing - when the total profit of the positions opened by the EA on this symbol is reached, all positions are closed. In other words, we fix the profit.

Remember the trading account balance during the EA launch. Withdrawal once the current balance of the trading account exceeds the saved balance - withdraws the sum of withdrawals and closes all positions.

Attachment download

📎 ama_trader.mq5 (36.69 KB)

Source: MQL5 #21971