Candels High Open Signals with Parabolic SAR Trailing Stops

Summary

This document describes a MetaTrader expert advisor built around signals from the Candels High Open indicator. The generated advisor can place market and pending orders and uses a Parabolic SAR based trailing stop. It requires both the signal module and the indicator to compile, so the trading rules depend on components that are not explained in the text.

Key ideas

• The advisor trades signals from the Candels High Open indicator module.
• It supports market orders and pending orders.
• Its trailing stop is based on Parabolic SAR.
• A sample test used AUDUSD on an hourly chart and compared normal and reversed signals.
• The test covered a limited historical period, used default parameters, and included no optimization; the document gives no performance results.

Tags

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