The AMKA Forex signal indicator for Metatrader 5 delivers newbie friendly buy & sell signals that work out of the box.
The indicator appears as a purple colored line together with red and green colored bullets.
A green colored bullet is a buy signal while a red colored bullet a sell signal.
The indicator is solid, 100% non-repaint, and will not slow down your trading platform.
Key Points
- Buy/sell technical indicator
- Works for any currency pair
- Works for any time frame
- Programmed for Metatrader 5
Free Download
Download the “amka.mq5” indicator for MT5
Example Chart
The image below shows the AMKA Forex indicator attached to the EUR/USD 15-minute trading chart.
Trading Signals
The AMKA indicator for MT5 can be used in multiple ways, find a basic trading example below:
Buy Signal:
- Execute a buy transaction when the first green bullet appears on the chart.
- Place your stop loss 2-3 pips below the most recent swing low.
- Exit the buy trade for a fixed profit target or wait for a sell signal.
Sell Signal:
- Execute a sell transaction when the first red bullet appears on the chart.
- Place your stop loss 2-3 pips above the most recent swing high.
- Exit the sell trade for a fixed profit target or wait for a buy signal.
Download
Download the “amka.mq5” indicator (MT5)
How to install the AMKA Forex indicator in Metatrader 5?
- Copy the amka indicator file in the MT5 indicator folder
- Restart the trading platform
- Select and attach the indicator to any chart of your preference
How to remove the indicator from the chart?
- Click with your right mouse button in the chart
- Select the indicator list from the drop down menu
- Remove the indicator from the list
- Press close
Tip
Make yourself familiar with this trading indicator and fully understand how it works before using it in a real account.