A Bar-Close Expert Advisor Using Stopreversal Arrow Signals

Summary

This document describes an Expert Advisor that trades from signals produced by the Stopreversal indicator. It generates a signal when a colored indicator arrow appears at a bar close, and requires the compiled indicator file to be available in the platform's indicator directory. It also notes a supporting library intended to handle brokers with nonzero spreads and to set protective orders when opening positions.

The article refers to tests using default Expert Advisor parameters on EURUSD six-hour bars in 2015. Stop loss and take profit were not used in those tests. The document provides no numerical performance statistics or detailed methodology, so the referenced chart results cannot establish whether the system is robust or profitable. Its description also leaves the indicator's signal construction, position sizing, exits, and treatment of costs largely unspecified.

Key ideas

• The Expert Advisor enters based on a Stopreversal arrow appearing at a bar close.
• The system depends on the compiled indicator being installed in the platform's indicator folder.
• A supporting library is described as accommodating nonzero spreads and protective orders at entry.
• The cited test used default parameters on EURUSD six-hour bars in 2015.
• Stop loss and take profit were omitted from the cited test, and detailed performance figures are not given.

Tags

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