About the Amka Signals Indicator
The Amka Signals indicator for MT4 is a trend-following tool based on the AMA indicator.
It provides buy and sell signals on the chart, helping traders spot bullish and bearish reversals quickly and efficiently.
A blue dot signals a potential buy, while a red dot signals a potential sell.
The indicator can be used alone or combined with other technical tools, such as MACD or Slow Stochastic, for confirmation and improved accuracy.
All settings are fully adjustable from the inputs tab, allowing traders to customize signal sensitivity and adapt the indicator to different trading styles and timeframes.
Free Download
Download the “amka-indicator.mq4” MT4 indicator
Key Features
- Displays trend-following buy and sell signals on the chart.
- Blue dots indicate bullish reversals; red dots indicate bearish reversals.
- Can be used standalone or with other technical indicators.
- Fully adjustable parameters for signal sensitivity.
Indicator Chart
The Amka Signals indicator chart shows price with colored dots marking trend reversals.
Blue dots suggest bullish setups, while red dots suggest bearish setups.
Traders can use these signals to enter trades in the direction of the emerging trend.
Guide to Trade with Amka Signals Indicator
Buy Rules
- Wait for the dot to change from red to blue.
- Confirm the trend aligns with the bullish signal.
- Enter a buy trade at the color change.
- Ignore signals that go against the trend.
Sell Rules
- Wait for the dot to change from blue to red.
- Confirm the trend aligns with the bearish signal.
- Enter a sell trade at the color change.
- Ignore signals that go against the trend.
Stop Loss
- For buy trades, place the stop-loss below the most recent swing low or support level.
- For sell trades, place the stop-loss above the most recent swing high or resistance level.
- Adjust the stop according to volatility and timeframe.
Take Profit
- Close buy trades when a red dot appears.
- Close sell trades when a blue dot appears.
- Optionally, use personal exit strategies based on support/resistance levels or partial profit-taking.
AMKA Signals + Support and Resistance Automated Lines MT4 Strategy
This MT4 strategy combines the AMKA Signals MT4 indicator and the Support and Resistance Automated Lines MT4 indicator.
The AMKA Signals indicator provides entry signals with red dots for bullish trades and blue dots for bearish trades.
The Support and Resistance Automated Lines indicator draws dynamic levels on the chart by connecting highs and lows.
Traders can use these levels to trade breakouts, entering buy trades when the price breaks resistance in an uptrend and sell trades when the price breaks support in a downtrend.
This strategy is ideal for M15 and H1 charts and works well on major and cross currency pairs.
Buy Entry Rules
- The AMKA Signals indicator displays a red dot, signaling a bullish trade.
- The price approaches or breaks above a resistance line on the Support and Resistance Automated Lines indicator.
- Enter a long trade immediately after the red dot appears and the breakout is confirmed.
- Place a stop loss a few pips below the nearest support level or below the breakout candle.
- Take profit at the next resistance line or use a 2:1 reward-to-risk ratio.
- Alternatively, trail stop while red dots continue appearing and the breakout trend remains bullish.
Sell Entry Rules
- The AMKA Signals indicator displays a blue dot, signaling a bearish trade.
- The price approaches or breaks below a support line on the Support and Resistance Automated Lines indicator.
- Enter a short trade immediately after the blue dot appears and the breakout is confirmed.
- Place a stop loss a few pips above the nearest resistance level or above the breakout candle.
- Take profit at the next support line or use a 2:1 reward-to-risk ratio.
- Alternatively, trail stop while blue dots continue and the breakout trend remains bearish.
Advantages
- Combines breakout strategy with precise entry signals for higher probability trades.
- Dynamic support and resistance levels automatically adjust to market swings.
- Works well on multiple currency pairs, including EURUSD, GBPUSD, USDJPY, and AUDUSD.
- Provides clear stop loss and take profit levels based on support and resistance lines.
- Suitable for both intraday and swing trading on M15 and H1 charts.
Drawbacks
- Stop losses may be hit if price briefly reverses after a breakout.
- Requires patience to wait for both the signal dot and breakout confirmation.
Example Case Study 1 (EURUSD M15 bullish breakout)
On EURUSD M15, the AMKA Signals indicator displayed a red dot at 1.1052.
The price broke above a resistance line at 1.1050 on the Support and Resistance Automated Lines indicator.
A buy trade was entered immediately.
Stop loss was placed at 1.1042, below the nearest support line.
Price moved to 1.1075, capturing 23 pips.
The trend continued upward, allowing an additional 15 pips with a trailing stop.
Example Case Study 2 (GBPUSD H1 bearish breakout)
On GBPUSD H1, the AMKA Signals indicator displayed a blue dot at 1.2655.
The price broke below a support line at 1.2660.
A short trade was entered immediately.
Stop loss was set at 1.2670, above the recent resistance.
Price fell to 1.2625, capturing 30 pips.
The breakout trend remained bearish, allowing an extra 12 pips profit using a trailing stop.
Strategy Tips
- Trade during active market hours to capture reliable breakouts.
- Only take trades when AMKA signal dots and support/resistance break align to improve accuracy.
- Monitor multiple pairs but avoid overtrading to maintain discipline.
- Use trailing stops to lock in profits as the breakout trend continues.
- Adjust stop loss based on volatility and the distance between support and resistance lines.
- Wait for the candle close above or below support/resistance lines to confirm breakout validity.
Download Now
Download the “amka-indicator.mq4” Metatrader 4 indicator
Summary
The Amka Signals indicator for MT4 delivers clear trend reversal signals, making it easy for Forex traders to identify bullish and bearish entry points.
Blue and red dots provide a simple visual guide for trend-aligned trading.
This indicator is ideal for traders seeking a straightforward system to spot trend shifts.
When combined with trend confirmation or other technical tools, it enhances confidence in trade entries and reduces hesitation.
The Amka Signals indicator allows traders to stay in sync with market momentum, react quickly to emerging trends, and execute trades more consistently across different timeframes.
