ColorLeManTrend Signals on Indicator Cloud Color Changes

Summary

This document describes an Expert Advisor that trades changes in trend direction as indicated by the ColorLeManTrend indicator. It generates a signal when a bar closes and the indicator’s cloud changes color. The page also notes where to place the compiled indicator file for use with the trading terminal, but provides no further rules for entries, exits, or position sizing.

The evidence is a historical test chart and a reference to a test on EURAUD using four-hour bars in 2011. The test used the Expert Advisor’s default inputs and did not use stop-loss or take-profit levels. No performance statistics or detailed test methodology are supplied, so the chart alone does not establish profitability or robustness. The description offers little information about risk controls, execution assumptions, or how the indicator is calculated; results may depend on those missing details and on the tested market and period.

Key ideas

• The system signals when the ColorLeManTrend cloud changes color at bar close.
• The described test used EURAUD four-hour data from 2011 and default Expert Advisor inputs.
• The test did not use stop-loss or take-profit levels.
• The document supplies chart illustrations but no numerical performance measures or detailed risk analysis.

Tags

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