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A FatlMacd Direction-Reversal Expert Advisor

Article MQL5 code base
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Summary

This MetaTrader 5 Expert Advisor trades reversals in the direction of the FatlMacd indicator. It forms a signal at bar close when the indicator changes direction. Running the advisor requires the compiled FatlMacd indicator file in the platform's Indicators folder. The description also mentions a trade-algorithm library for broker compatibility with nonzero spreads and for setting stop loss and take profit alongside order placement.

The document refers to test results for GBPJPY on a 12-hour chart in 2014, using the advisor's default inputs, with neither stop loss nor take profit enabled. It includes no numerical performance statistics or detailed test methodology, so results cannot be evaluated from the text alone. The reversal rule is described, but there is no explanation of position sizing, exits, transaction costs, or robustness across markets and periods.

Key ideas

  • The advisor generates a signal when FatlMacd changes direction at bar close.
  • The system is based on indicator reversals.
  • The compiled FatlMacd indicator is required for the advisor to run.
  • The cited test used GBPJPY on a 12-hour chart in 2014 without stop loss or take profit.
  • The document provides no performance figures or robustness analysis.

Tags

ForexTechnical indicatorsBacktesting

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