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BlauTVI Trend Signals with Scheduled Trading Hours

Article MQL5 code base
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Summary

This Expert Advisor follows the BlauTVI trend indicator. It generates a signal when a bar closes and the indicator histogram changes direction. Users can enable a trading window and specify its start and end times. The default schedule covers the day from midnight and closes positions at 23:59; when the start time is later than the end time, closing is scheduled for the next day.

The document describes implementation requirements and test context as well as the signal logic. The indicator must be available during compilation, and the EA can use a trading library for brokers with nonzero spreads and for placing stop-loss or take-profit orders alongside an opening order. The cited tests used default settings without stop loss or take profit and cover USDJPY on an hourly chart in 2016. Results are referred to through figures, but numerical performance evidence is not included in the text, so profitability cannot be assessed from this description.

Key ideas

  • The EA follows BlauTVI histogram direction changes confirmed at bar close.
  • Trading can be restricted to a user-defined start and end time.
  • The default schedule closes positions near the end of the day, including next-day handling for overnight windows.
  • The stated USDJPY hourly tests used default settings and omitted stop-loss and take-profit orders.
  • The text provides no numerical test results with which to judge performance.

Tags

Trend followingTechnical indicatorsForexExecution

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