A DeMarker Expert Advisor That Adds Positions on New Bars

Summary

This Expert Advisor opens a new buy position on each new bar when DeMarker is below a lower threshold, and a sell position when it is above an upper threshold. By default, it can add positions while others remain open, without checking whether the new entry price is favorable. An optional setting restricts it to one open position, and another can reverse the signals.

Positions have no stop loss, take profit, or trailing stop. The EA closes positions on an opposite signal only when the resulting close is profitable. Position size can be fixed, based on a percentage risk setting, or set to the minimum lot. The document mentions testing across symbols and displays of settings and results, but supplies no detailed performance data, market assumptions, or risk analysis. Repeated entries and the profit-only exit rule can leave exposure open; the described parameters do not establish that the strategy is robust.

Key ideas

• The EA checks DeMarker thresholds at the start of each new bar to generate buy or sell entries.
• It can open additional positions even when trades are already active, unless limited to one position.
• Entries do not check whether the current price is favorable.
• Positions close on an opposite signal only when the close would be profitable, with no stated stop loss or take profit.
• Position sizing supports fixed lots, percentage risk, or minimum lots, but detailed test evidence is absent.

Tags

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