Fixed-Time Trend Trading with a Color-Coded Moving Average

Summary

This MetaTrader expert advisor follows a time-based routine using the Color3rdGenXMA moving average. At a specified hour and minute, it checks the indicator color and opens a short position for red or a long position for blue. It closes the position after a configurable holding duration, regardless of the trade's result. The document also notes that the example tests used no stop loss or take profit.

The page reports a test for USDCHF on a four-hour chart during 2011, but provides no numerical performance figures or enough detail to assess profitability, drawdowns, or robustness. The system depends on the indicator and a trading library whose assumptions include nonzero spreads and simultaneous stop-loss and take-profit support when used. The fixed entry schedule and timed exit are central design choices, while the excerpt gives little basis for judging their effectiveness across other periods or markets.

Key ideas

• The system opens trades at a configured time using the moving average indicator's color as the direction signal.
• Red indicates a short entry, while blue indicates a long entry.
• Positions close after a configured holding period even if they are profitable or losing.
• The described USDCHF test used a four-hour chart in 2011 and omitted stop loss and take profit settings.
• The excerpt supplies no quantitative results or evidence of robustness beyond that test reference.

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