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A TSI DeMarker Expert Advisor Triggered by Indicator Cloud Changes

Article MQL5 code base
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Summary

The document describes an Expert Advisor that trades signals from the TSI DeMarker trend indicator. It generates a signal at bar close when the indicator cloud changes color. The setup depends on installing the compiled indicator in the trading terminal’s indicator directory, and it references a supporting library for broker spreads and order-level stop-loss or take-profit settings.

The cited test uses default EA inputs on XAUUSD at the four-hour timeframe for 2013, with neither stop loss nor take profit enabled. The text refers to charts of deals and test results but supplies no numerical performance statistics or discussion of transaction costs, parameter sensitivity, or robustness. It is therefore a concise description of a technical-indicator trigger and a limited historical test setup, not enough evidence to assess profitability or live trading suitability.

Key ideas

  • The EA enters on a bar close when the TSI DeMarker cloud changes color.
  • The signal is based on a trend indicator rather than a described price forecast.
  • The cited test uses XAUUSD on a four-hour chart during 2013 with default inputs.
  • The reported test omitted stop loss and take profit, and no numerical performance measures are included.

Tags

CommoditiesTechnical indicatorsBacktesting

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