AMA Bands Buy/Sell Forex Winner Indicator For MT4

The AMA Bands buy/sell Forex winner Metatrader 4 Indicator is an enhanced Adaptive Moving Average that wins most of its trades.

The indicator incorporates the Bollinger Bands MT4 indicator features to its inner workings for better accuracy.

The AMA Bands Indicator can be deployed by both professionals and beginners alike.

The widening/contraction of the outside bands is proof of increasing/decreasing volatility respectively.

The indicator serves scalpers, day traders and swing traders.

AMA Bands buy and sell trends

  • A buy trend occurs when the aqua & magenta bands widen, while the dodger blue upper pointing arrows forms on the dark-violet middle line.
  • A sell trend occurs when the aqua & magenta bands widen, while the orange red downward pointing arrows forms on the dark-violet middle line.

Tip: Trading the Stochastic Oscillator MT4 indicator together with the Alma Indicator creates a secure trading system.

In this case:

  • A buy trend takes place when the light sea green & red dotted lines of the Stochastic MT4 indicator break above the 50.00 horizontal level, while the dodger-blue upward pointing arrows pops up on the middle dark-violet AMA Bands Indicator line.
  • A sell trend takes place when the light sea green & red dotted lines of the Stochastic MT4 indicator break below the 50.00 horizontal level, while the orange-red downward pointing arrows pops up on the middle dark-violet AMA Bands Indicator line.

Download This MT4 Forex Indicator Free

Download the “ama-bands.ex4” Metatrader 4 indicator

AMA Bands Buy/Sell Forex Winner Indicator Chart

Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.

Traders are free to adapt this indicator on a cross section of forex pairs and time frames of their preference.

Finding Buy and Sell Triggers With The AMA Bands Buy/Sell Forex Winner MT4 Indicator  

Below is an example of how to buy and sell forex pairs with this technical indicator:

Buy Trigger: Open buy trade order when the first dodger-blue upward pointing arrow appears on the trading chart.

Place stop loss below the previous swing low, or use your own stop loss placement method.

Close the buy trade at the instance an orange-red downward pointing arrow pops up on the Metatrader 4 chart (bearish trend reversal signal).

Alternatively, exit the buy trade for a fixed take profit target, for example, 65 pips on the 1-hour swing trading chart.

Sell Trigger: Open sell trade order when the first orange-red downward pointing arrow appears on the trading chart.

Place stop loss above the previous swing high, or use your own stop loss placement method.

Close the sell trade at the instance a dodger-blue upward pointing arrow pops up on the Metatrader 4 chart (bullish trend reversal signal).

Alternatively, exit the sell trade for a fixed take profit target, for example, 25 pips on the 5-minute day trading chart.

Download This Forex Indicator Now

Download the “ama-bands.ex4” MT4 indicator

Adjustable Parameters

Range, slow AMA, fast AMA, inner bands on, outer bands on, last bar only.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (Stochastic Oscillator, Bears Power, Bulls Power,….)
  • Trend indicators (ADMI, Parabolic SAR, EMA,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: trend

Installation

Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).

Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.

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