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A Bar-Close Trading System Based on KWAN_CCC Direction Changes

Article MQL5 code base
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Summary

This document describes an Expert Advisor that opens trades when the KWAN_CCC indicator changes direction, identified by a change in indicator color. The signal is evaluated at the close of each bar. It notes that the compiled indicator file must be installed in the platform’s indicator folder for the EA to run, and that the trading library expects brokers with nonzero spreads and the ability to set stop loss and take profit when opening a position.

The reported test uses default EA inputs on XAUUSD at a twelve-hour interval during 2016, with neither stop loss nor take profit enabled. The text refers to charts of example trades and test results but gives no numerical performance measures, benchmark, costs, or risk statistics. As a result, it offers only a basic description of the entry signal and a limited test setup; it does not establish robustness across periods, instruments, or realistic execution conditions.

Key ideas

  • A signal occurs at bar close when the KWAN_CCC indicator changes direction.
  • The EA depends on the compiled indicator being installed in the platform’s indicator directory.
  • The example test uses XAUUSD on twelve-hour bars during 2016 with default inputs.
  • Stop loss and take profit were omitted from that test, and numerical performance details are not provided.

Tags

FuturesTechnical indicatorsBacktesting

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