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Highs and Lows Signal Arrows as Expert Advisor Trade Triggers

Article MQL5 code base
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Summary

The document describes an Expert Advisor that opens trades when the HighsLowsSignal indicator displays a star with the corresponding color and direction. It identifies the indicator file needed for the EA and notes that a supporting library is used for brokers with nonzero spreads and for setting stop loss and take profit alongside position opening.

The document refers to chart examples and a test on AUDUSD four-hour data for 2013, but it provides no numerical performance measures or detailed test methodology. The stated test used default EA inputs and did not use stop loss or take profit. As a result, the material gives only a basic description of the signal trigger and a limited test reference; it does not establish the strategy’s profitability, robustness, or risk characteristics.

Key ideas

  • The EA uses the appearance of a directionally appropriate HighsLowsSignal star as its trade trigger.
  • A compiled indicator file must be available to the trading terminal for the EA to operate.
  • The described test used default inputs and omitted stop loss and take profit.
  • The document cites an AUDUSD four-hour test but provides no numerical results or detailed methodology.

Tags

ForexTechnical indicatorsBacktesting

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