Skip to content
All library documents

Delta RSI Expert Advisor: Bar-Close Histogram Color Signals

Article MQL5 code base
Read the original

Summary

This document outlines an Expert Advisor that opens trades when the Delta_RSI indicator histogram changes color at a bar close. The signal colors are described as light green or pink, indicating the EA’s trend-based entry trigger. Running the advisor requires a separately compiled indicator file; an auxiliary trading library is mentioned for broker spread handling and setting protective exits when opening a position.

The cited test used default EA inputs on GBPJPY four-hour bars during 2015, without stop-loss or take-profit settings. The document provides no numerical performance results, detailed exit rules, risk analysis, or evidence across other markets and periods. The color-change description is therefore only a partial account of the system, and the stated historical test conditions do not establish robustness or live profitability.

Key ideas

  • The EA generates a trade signal when the Delta_RSI histogram changes to a specified color at bar close.
  • The compiled Delta_RSI indicator is required for the EA to run.
  • The described test used GBPJPY four-hour data from 2015 and default inputs.
  • Stop loss and take profit were not used in the reported test setup.
  • The document does not provide quantitative results or establish performance beyond the stated test.

Tags

ForexTechnical indicatorsBacktestingRisk management

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