Amka Metatrader 5 Trading System
The Amka Metatrader 5 trading system uses just one trading indicator to buy and sell currency pairs on the MT5 platform. This system is really easy to trade and delivers accurate trading signals for both buy and sell trades. It’s an ideal system for both beginners and seasoned traders alike.
Used MT5 indicators: amka.mq5 (default settings)
Preferred time frame(s): 5 minutes and higher
Recommended trading sessions: London and US for charts below the 15 min. 24/7 trading for charts above the 30 min.
Pairs: majors + currency crosses
Example: GBP/USD 60 Minute Chart
The trading chart above shows how easy it is to trade with this MT5 system. All trading is done by following just one easy to read TA indicator. Buy at the free green dot, sell at the first red dot. 5 Signals: 4 wins and one open trade.
Trading System Rules
- Amka draws first green dot (market bullish)
==> Initiate buy position. Place stop-loss slightly below the most recent support level.
Take profit: Take your profit at risk-to-reward 1:2 or higher. Alternatively, adjust your stop-loss up (trail up) below the most recent support level until you’re stopped out, or close the trade at an opposite trading signal (sell trade).
- Amka draws first red dot (market bearish)
==> Initiate sell position. Place stop-loss slightly above the most recent resistance level.
Take profit: Take your profit at risk-to-reward 1:2 or higher. Alternatively, adjust your stop-loss down (trail down) above the most recent resistance level until you’re stopped out, or close the trade at an opposite trading signal (buy trade).