EURUSD Amplix M5 is an automated trading EA built specifically for the EUR/USD 5-minute chart. It opens the first position when RSI shows signs of a reversal after an overbought or oversold reading. If the market moves against that position, it adds positions step by step in the same direction as the first, at intervals tied to volatility and derived from the H1 ATR. It holds a maximum of 7 positions and never hedges (no simultaneous buy and sell positions).
- Entry conditions: EURUSD 5-minute chart. Detects reversal signs after RSI overbought/oversold readings.
- Additional positions: Added step by step in the same direction as the first position, at volatility-linked intervals calculated from the H1 ATR (maximum 7 positions).
- Exit conditions: All positions are closed together when the combined profit of the open positions reaches a profit target set according to market volatility. If positions are held for a long time, loss-limiting, breakeven-exit and forced-exit rules kick in based on the number of days held.
- Stop loss: A fixed 550-pip stop loss, measured from the fill price of the first position, is set as the final line of defense.
The EA performs best when EURUSD is ranging back and forth within a band, or when a rising or falling market pauses for moderate pullbacks along the way. It struggles in strong one-directional trends with few pullbacks, and in sharp surges or crashes where price moves a long way in a short time. Around major economic releases, sudden news, Monday-open price gaps and spread widening from thin liquidity, the number of positions and the floating loss can grow.
The recommended capital is 250,000 to 300,000 JPY. Attach it to the EURUSD 5-minute chart and run it 24 hours a day on a stable VPS.
* This EA supports EUR/USD only. Backtest results do not guarantee future profits.
