2MoHLC Signals Triggered by Zero-Line, Cloud-Color, or Price Breaks

Summary

This document describes an Expert Advisor that generates trades from the 2MoHLC indicator. At bar close, it can signal when the indicator crosses its zero level, the cloud changes color, or price breaks through the cloud; the selected trigger depends on the EA's mode setting.

The document says its example tests used the EA's default inputs, with no stop loss or take profit, and presents a USDCHF four-hour test for 2011 along with deal-history and results charts. It does not report performance figures or explain how the indicator is calculated, so the charts alone provide limited evidence about profitability or robustness. The results apply to one instrument, timeframe, and historical year, and the absence of protective exits is a significant limitation when assessing risk.

Key ideas

• The EA evaluates 2MoHLC signals when a bar closes.
• Its mode setting selects among a zero-level crossing, a cloud color change, or a price break through the cloud.
• The example uses default EA inputs and omits stop loss and take profit.
• The reported test covers USDCHF on a four-hour chart in 2011, with charts but no stated performance figures.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.