Economic: Journal Economic and Business
Vol. 4 No. 3 (2025): ECONOMIC: Journal Economic and Business

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 (Unknown)
Rahman, Haikal (Unknown)
Siregar, Zulkarnain (Unknown)



Article Info

Publish Date
01 Jul 2025

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.

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Journal Info

Abbrev

ejeb

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

ECONOMIC: Journal Economi and Business yang diterbitkan oleh Lembaga Riset Mutiara Akbar, Medan, Indonesia merupakan jurnal akses terbuka yang dapat digunakan sebagai media interaksi bagi seluruh cendikiawan di berbagai bidang Ekonomi dan Bisnis baik itu Karya Ilmiah kajian pustaka maupun ...