Three line AMA and RSI EA.

The Three Adaptive Moving Average lines and the Relative Strength Index Expert Adviser for MT5.

EA Requirements.

The EA opens and closes trades.

It determines trade types, Buy or Sell.

It should work on all time frames and currency pairs.

It should work on all chart types. Line, Bar or Candlestick.

It should work on both account types.  Live and Demo.

It places Trailing stop loss and Take profit lines automatically as trades are made.

The EA has a visual Blue Take profit line.

The EA has a visual Red Trailing Stop Loss line.

The EA has Three Adaptive moving average line settings.

The EA has a Relative strength index filter.

The EA places directional Trade arrows onto the chart at execution.

The EA has different lot sizes available to choose from.

The EA has a trading clock which allows trades during these set trading times only.

I can manually amend the parameters and settings on all the above.

Properties and inputs for EA

Trading clock.

The trading clock uses military time (24-hour clock) and is set to allow trades from 08.01 to 16.59 GMT London England time, Monday to Friday as default only. However, having the ability to change the times and the days to trade as well as the trading time zones might be advantageous.

It will automatically close all trades at the set close time regardless of whether the trade is IN or OUT of profit.

If no trade is in progress the EA places a trade, therefore we do not have to wait for the crossings of the AMA lines.

This is based on the position of the Three AMA lines and candlestick colour and the RSI index.

I would like to be able to amend the trading clocks times and days for trading.

I would also like to be able to amend the trading time zones using the military time (24-hour clock) method.

The Trading clock should be displayed at the bottom right hand corner of the chart. 

Trade Arrows.

Firstly, the trade arrows are placed on the chart when a trade is made.

A small blue arrow pointing upwards is placed at the Top of the Green candlestick for a buy trade.

A small red arrow pointing downwards is placed at the Bottom of the Red candlestick for a sell trade. 

Lot sizes.

The lot size is automatically set to a standard lot size.

However, I would like to have the ability to change this to other lot sizes, such as a Micro lot or to a mini lot size.

The Three changeable Adaptive Moving Average Lines settings.

The Yellow (short) AMA line default settings are (1,2,30) and the Green (Medium) AMA line default settings are (5,2,30) and the Red (Long) AMA line default settings are (100,2,30).

Opening a buy trade.

A buy trade is made when the RSI index line is above 70 and on the close of a Green Candlestick and is where the short AMA line (1,2,30) is above the medium AMA line (5,2,30) and the long AMA line (100,2,30) and that the medium AMA line (5,2,30)is above the long AMA line(100,2,30).

A Buy trade is closed by a Sell trade and a Sell trade is closed by a Buy trade.

However, a Buy trade can also be closed when the short AMA line (1,2,30) crosses under the medium AMA line (5,2,30) on the close of a Red candlestick.

Opening a sell trade.

A sell trade is made when the RSI index line is below 40 and on close of a Red Candlestick and is where the short AMA line (1,2,30) is below the medium AMA line (5,2,30) and the long AMA line (100,2,30) and the medium AMA (5,2,30) is below the long AMA line(100,2,30).

A Sell trade is closed by a Buy trade and a Buy trade is closed by a Sell trade.

However, a Sell trade can also be closed when the short AMA line (1,2,30) crosses over the medium AMA line (5,2,30) on the close of a Green candlestick.

I can manually amend the parameters and settings on all the above. 

The Relative strength indexes.

The RSI Properties are set by default at 14 days and its upper scale is 70 and its lower scale is 40.

The idea here is when the RSI line is above the upper scale (70) then the 3 AMA lines are able to place a buy trade Or if the RSI line is below the lower scale (40) then the 3 AMA lines are able to place a sell trade.

I can manually amend the parameters and settings on all the above. 

Take profit line.

The take profit line is automatically set at 800 points ahead of trade as default.

I also require a visual aid line on the chart.

The idea is as price moves towards this stationary line and eventually touches it, trade is closed, and profit is secured.

Both Take profit and Trailing stop loss lines are placed on the chart at opening of a trade and are removed when the trade is closed.

I would like the ability to change the distance by the number of points.

Trailing Stop loss line.

The Trailing stop loss line is automatically set at 400 points behind trade as default.

I also require a visual aid line on the chart.

If price should head towards the trailing stop line, the line remains fixed until price touches the line and the trade is closed.

However, if price moves away from the line the line follows price point by point.

I would like the ability to change the distance by the number of points.