ColorMETRO DeMarker Cloud-Color Change Trading System

Summary

This document describes an Expert Advisor that uses the ColorMETRO_DeMarker indicator. It generates a trading signal when a bar closes and the indicator’s cloud changes color. The system therefore bases its entry signal on a change in the indicator display, rather than on a stated price threshold or a combination of separate indicators. The document notes that the compiled indicator must be available to the trading platform for the Expert Advisor to run.

It reports that tests were performed on GBPJPY using eight-hour bars for 2014, with default inputs and without stop-loss or take-profit settings. No numerical performance figures or detailed test methodology are included in the text, so the reported chart cannot establish whether the approach is profitable or robust. The document also mentions a library intended to support brokers with nonzero spreads and simultaneous stop-loss and take-profit placement. The signal rule is described, but position sizing, exit logic, costs, and out-of-sample performance are not explained.

Key ideas

• A signal is generated at bar close when the DeMarker cloud changes color.
• The Expert Advisor depends on the compiled ColorMETRO_DeMarker indicator.
• The document reports a 2014 GBPJPY test using eight-hour bars and default inputs.
• The described tests omitted stop-loss and take-profit settings.
• No numerical performance measures or detailed validation procedure are provided.

Tags

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