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GG-RSI-CCI Color-Change Signals and Trade Exits

Article MQL5 code base
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Summary

This trading system uses the GG-RSI-CCI indicator to trigger trades when a bar closes and its color changes from red to green or blue. Open positions are closed either by a pending order or when the indicator’s bar color changes. The document does not specify which pending order is used or define the exit color condition in more detail.

The note says the reported tests used the Expert Advisor’s default inputs and did not use stop-loss or take-profit settings. It identifies a test on AUDUSD at the four-hour timeframe for 2011 and refers to charts of deal history and results, but supplies no numerical performance measures or enough detail to evaluate the test. The system depends on the compiled indicator file, and the brief description leaves entry direction, order parameters, and broader risk controls unclear.

Key ideas

  • A trade signal forms at bar close when the indicator color changes from red to green or blue.
  • Positions exit through a pending order or a bar-color change.
  • The reported test used default Expert Advisor inputs without stop-loss or take-profit settings.
  • The document identifies an AUDUSD four-hour test for 2011 but gives no numerical results.
  • The exit conditions and broader risk controls are not fully described.

Tags

Technical indicatorsForexBacktesting

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