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Fixed-Time FigurelliSeries Strategy with Histogram-Based Direction

Article MQL5 code base

Summary

The document outlines an Expert Advisor that opens and closes positions at configured clock times. At the opening time, it uses the FigurelliSeries histogram relative to zero to select a direction: values above zero trigger a short, while values below zero trigger a long. The system therefore combines a fixed holding schedule with a trend indicator signal, although the direction rule is inverse to the histogram sign.

The text refers to historical tests on USDCHF using a 30-minute chart for 2011, with default Expert Advisor settings and no stop loss or take profit. It does not provide readable performance statistics or enough detail to assess the results, such as transaction costs, drawdowns, or robustness across periods and instruments. The notes also specify broker assumptions for the trading library, including nonzero spreads and simultaneous stop-loss and take-profit support when opening positions.

Key ideas

  • The Expert Advisor opens and closes positions at configured times.
  • At entry, a positive FigurelliSeries histogram prompts a short and a negative reading prompts a long.
  • The cited test covers USDCHF on a 30-minute chart during 2011 and omits stop loss and take profit.
  • The document supplies no performance metrics sufficient to evaluate profitability or robustness.

Tags

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