A Bar-Price Rollback Expert Advisor for Entry Signals

Summary

This document describes an Expert Advisor that uses the current price and the current bar’s high and low to generate trades, without technical indicators. During a new bar, a move down from the high by a configured rollback distance triggers a buy signal; a move up from the low by that distance triggers a sell signal. Traders can configure the rollback distance, timeframe, trade size, stop loss, take profit, and whether to trail stops or reverse the signals.

The document gives the rules and input parameters but does not provide the referenced test results, performance figures, or enough detail to assess the strategy’s robustness. Its description does not explain how signals behave if both levels are reached within a bar, how positions are managed beyond the listed options, or how execution costs affect results. The method is therefore a basic entry-rule outline, not evidence of a profitable strategy.

Key ideas

• The Expert Advisor bases its signals on price and the current bar’s high and low.
• A rollback from the bar high can trigger a buy, while a rise from the low can trigger a sell.
• The rollback distance, timeframe, position size, and risk controls are configurable.
• The document describes the logic but provides no usable performance evidence or robustness analysis.

Tags

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