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Expert Advisor Trading Center-of-Gravity Candle Color Changes

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Summary

This MetaTrader 5 Expert Advisor uses signals from the CenterOfGravityCandles indicator. A signal is generated when a bar closes with a change in the indicator’s candle color. The description notes that the compiled indicator file must be installed for the EA to run and mentions a supporting library for brokers with nonzero spreads and for setting stop loss and take profit when opening a position.

The page refers to tests on EURUSD using a six-hour chart in 2015 and says the displayed tests used default EA inputs without stop loss or take profit. It provides no numerical results or detailed test methodology in the text, so profitability and robustness cannot be assessed from this description. The signal rule is explained, but the indicator’s calculation and the EA’s position sizing and exit rules are not fully specified here.

Key ideas

  • The EA triggers from a candle color change in the Center-of-Gravity Candles indicator.
  • The signal is evaluated when a bar closes.
  • The required indicator file must be available in the platform’s indicator directory.
  • The mentioned EURUSD test used a six-hour chart and omitted stop loss and take profit, but the text gives no numerical outcomes.

Tags

ForexTechnical indicatorsBacktestingExecution

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