Closing-Bar Entries from the i-GAP Arrow Indicator

Summary

This document describes an Expert Advisor that trades signals from the i-GAP indicator. It checks for an upward or downward arrow when a bar closes and uses the arrow direction to generate a trade signal. The strategy therefore depends on the indicator’s signals rather than describing a separate entry filter or exit rule.

The accompanying material mentions test results for EURUSD on a two-hour chart in 2014, using the advisor’s default inputs. Stop loss and take profit were not enabled in those tests, and no detailed performance figures or evaluation methodology are included in the text. The advisor also requires a separately compiled indicator file, and an included library is noted as a way to support brokers with nonzero spreads and simultaneous stop-loss or take-profit settings. The document offers little evidence for judging robustness; the brief test reference does not establish performance across other markets or periods.

Key ideas

• The Expert Advisor uses upward and downward arrows from the i-GAP indicator as trade signals.
• Signals are acted on when the bar closes.
• The cited test used EURUSD on a two-hour chart in 2014 with default inputs.
• Stop loss and take profit were disabled in the described tests.
• The advisor depends on a separately compiled indicator file.

Tags

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