Color-Change Signals with a Fixed Holding-Time Exit

Summary

This Expert Advisor trades signals from the ColorJFatl_Digit indicator. It opens a trade when the indicator changes color at a bar close, then can close the position once its holding time passes a preset limit. The time-based exit is configurable, and the document also notes that stop loss and take profit settings are supported through a trading library, although neither was used in the cited test.

The document reports a test on GBPUSD at the H4 timeframe for 2016, using the advisor’s default inputs, and refers to chart examples and a results chart. It gives no numerical performance measures or enough methodological detail to assess costs, risk, robustness, or out-of-sample behavior. The approach therefore illustrates a signal-and-time-exit rule rather than establishing that the rule is profitable. It also depends on a separate compiled indicator and its correct installation.

Key ideas

• A trade signal occurs when the indicator color changes at a bar close.
• The advisor can close positions after a configured maximum holding time.
• The example test used GBPUSD on H4 during 2016 with default inputs.
• Stop loss and take profit were not used in the reported test.
• The document provides no numerical performance statistics or robustness analysis.

Tags

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