AMA Bands EA

The arrows of the indicator used on the chart indicate trading signals in trend following. You can find the indicator in the comments. My trading signal is generated when the indicated arrow direction changes. A trade is then kept open until the arrow direction changes again. If the arrow then changes in the opposite direction, the previous position must be closed and a new one opened in the current arrow direction. I have also added a SL/TP, a trailing stop and a time filter.

I recommend using the EA for gold on the daily chart. But you can also use multiple charts at the same time. A strong trending market is important.

The attached strategy test is Gold D1, the last 12 months. Once with SL and trailing stop and once without SL and trailing stop, i.e. the pure strategy, also default settings. I personally recommend using at least the SL, as the EA can sometimes miss a trading signal.

Before you buy AMA Bands EA, please be aware of the risks involved. Past performance is no guarantee of future profitability (EA may also incur losses). Please do not invest or risk money you cannot afford to lose.