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All Journal Economic: Journal Economic and Business
Ginting, Lukas Destria Putra
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Development of RSI-MA Based Expert Advisor with Money Management Optimization for GBP/USD Trading on Weltrade Swap-Free Account in MetaTrader 5 Ginting, Lukas Destria Putra; Rahman, Haikal; Siregar, Zulkarnain
Economic: Journal Economic and Business Vol. 4 No. 3 (2025): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v4i3.1156

Abstract

This research develops an Expert Advisor (EA) based on Relative Strength Index (RSI) and Moving Average (MA) indicators with a money management strategy for trading GBP/USD on a swap-free account in MetaTrader 5. The strategy was tested in two different time frame scenarios (M30 and H1) with parameter optimization. This study employs the Research and Development method, analyzing data through backtesting and real-time testing. EA performance evaluation involved performance metrics such as win ratio, profit factor, drawdown, and recovery factor. Test results indicate that the M30 scenario is more optimal for short-term implementation, while the H1 scenario excels in long-term testing. Descriptive statistical analysis and T-tests revealed no significant difference between backtesting and real-time testing results for profit and total trades, but a significant difference for the balance variable. Overall, the developed EA shows good potential for adaptive automated trading strategies, especially on swap-free accounts.
Co-Authors Rahman, Haikal Siregar, Zulkarnain