A Moving-Average Candle-Color Expert Advisor for USDJPY

Summary

This document describes an Expert Advisor that trades when the MA_Rounding_Candle indicator changes candle color, generating a signal when a bar closes. It identifies the required compiled indicator files and notes that a trading library supports brokers with nonzero spreads and can set stop-loss and take-profit levels when opening positions. The cited test used the advisor’s default inputs on USDJPY four-hour bars for 2014, without stop-loss or take-profit settings.

The text provides only a brief description and references chart examples and a test-results chart; it does not report numerical performance, explain the indicator’s calculation, or discuss robustness across markets and periods. The single historical test, with protective exits disabled, is insufficient to establish profitability or practical risk. The document is mainly a basic strategy description rather than a full evaluation.

Key ideas

• The Expert Advisor enters on a candle-color change from the MA_Rounding_Candle indicator, evaluated at bar close.
• The document describes a USDJPY four-hour test for 2014 using default settings.
• Stop-loss and take-profit settings were not used in the reported test.
• The text gives no numerical results or evidence of performance outside that test period.

Tags

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