AFIRMA Indicator Direction Changes in a USDJPY Expert Advisor

Summary

This Expert Advisor uses the AFIRMA autoregressive finite impulse response moving average indicator to generate trade signals. It checks for a change in the indicator’s direction when a bar closes, then forms a signal. The document notes that the indicator can redraw, so its apparent state on recently closed bars may change later and alter how past signals look.

The source describes setup requirements for the compiled indicator and mentions a library intended to support brokers with nonzero spreads and orders that attach stop-loss and take-profit levels. Its cited test used default inputs on USDJPY four-hour bars during 2013, with no stop loss or take profit. The provided text includes no numerical performance results or detailed execution assumptions, so it does not establish profitability; redrawing and the limited test description are important caveats.

Key ideas

• The EA signals when AFIRMA’s direction changes at a bar close.
• AFIRMA may redraw, changing the apparent state of recent closed bars.
• The described historical test used USDJPY four-hour data from 2013 and default inputs.
• That test omitted stop-loss and take-profit settings.
• The supplied description does not provide numerical results sufficient to judge performance.

Tags

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