A WPR Slowdown Arrow System with Bar-Close Entries

Summary

This document describes an Expert Advisor that trades signals from a WPR_Slowdown indicator. A trade signal is generated when a colored arrow appears, with the decision made at the bar close. The required compiled indicator must be available to the trading terminal for the Expert Advisor to run.

The article notes that a trade algorithms library can support brokers with nonzero spreads and allow stop-loss and take-profit settings when opening positions. It says the example tests used the default Expert Advisor inputs and did not use stop loss or take profit. It references example trades and testing results for EURAUD on a six-hour chart during 2015, but the supplied text contains no numerical performance statistics or enough detail to reproduce the test. The arrow rule is therefore a basic signal description, not evidence that the system is profitable; its behavior also depends on the indicator and execution conditions.

Key ideas

• The Expert Advisor enters based on colored arrows from the WPR_Slowdown indicator.
• Signals are evaluated at the close of a bar.
• The compiled indicator is a required dependency for the system.
• The referenced EURAUD test used a six-hour timeframe in 2015 and default inputs.
• The described tests did not include stop loss or take profit, and no performance figures are supplied.

Tags

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