A Two-Indicator Expert Advisor Using Skyscraper_Fix and ColorAML

Summary

This document describes an Expert Advisor that combines two independent trading systems based on the Skyscraper_Fix and ColorAML indicators. It generates a signal when a bar closes and either indicator changes color, which the document treats as a change in trend. The approach therefore uses indicator color changes as the trigger for entering trades, rather than describing additional filters or confirmation rules.

The document reports tests on GBPJPY using a four-hour chart over 2017 and says the default Expert Advisor inputs were used. Stop loss and take profit were disabled for those tests. It offers no numerical performance statistics or discussion of drawdown, costs, parameter sensitivity, or out-of-sample results, so the reported chart examples cannot establish how robust or profitable the system is. The EA also depends on the compiled indicator files being installed in the platform’s indicator directory; the document does not explain the indicators’ internal calculations.

Key ideas

• The EA combines two separate systems based on Skyscraper_Fix and ColorAML.
• A signal is generated at bar close when either indicator changes color.
• The described test uses GBPJPY on a four-hour chart during 2017.
• The test used default EA inputs and did not use stop loss or take profit.
• The compiled indicator files must be available for the EA to run.

Tags

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