Fractal Weight Oscillator Strategy with Threshold-Crossing Signals

Summary

This Expert Advisor uses the Fractal Weight Oscillator to generate signals at bar close. It buys when the oscillator crosses upward through its oversold level and sells when it crosses downward through its overbought level. A higher-timeframe indicator is included for visualizing trends in the strategy tester and is described as inactive in other operating modes.

The compiled EA can embed its indicator files as resources, allowing it to run without separately installing those indicators. The description says the examples use default inputs and that neither stop loss nor take profit was used in the cited GBPUSD six-hour test for 2015. It provides no numerical results or broader evaluation, so the text does not establish profitability or robustness; the lack of stated exit-risk controls is also a limitation of the described test.

Key ideas

• The EA buys on an upward cross of the oscillator’s oversold level and sells on a downward cross of its overbought level.
• Signals are formed only when a bar closes after crossing a threshold.
• The higher-timeframe indicator is used for tester visualization and is inactive in other modes.
• The documented GBPUSD test used default inputs and omitted stop loss and take profit.
• The supplied description gives no numerical performance evidence or assessment of robustness.

Tags

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