A Bar-Close Expert Advisor Using WPRSIsignal Arrows

Summary

This document describes an Expert Advisor that trades based on arrows from the WPRSIsignal indicator. It generates a signal when a colored arrow is present at the close of a bar. The EA depends on a separately compiled indicator file, and the accompanying trading library supports broker spreads and setting stop loss and take profit when opening positions.

The document says tests were conducted on EURJPY using four-hour bars for 2015, with default EA inputs and no stop loss or take profit. It references charts of trades and test results, but the text provides no numerical performance figures, rules for position sizing, or detail about how the indicator calculates its signals. The reported test setup is therefore insufficient to judge robustness, costs, or suitability beyond that specific instrument and period.

Key ideas

• The EA takes signals from colored WPRSIsignal indicator arrows at bar close.
• The trading system requires a separately compiled indicator file to operate.
• A support library enables use with nonzero-spread brokers and optional stop loss or take profit settings.
• The document reports tests on EURJPY four-hour bars for 2015 using default inputs and no stop loss or take profit.
• No numerical results or indicator methodology are included in the text.

Tags

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