iVIDyA Signal EA with Fixed Stops and Single-Position Reversals

Summary

This document describes a trading expert advisor that uses the iVIDyA indicator to generate signals. It checks for a signal only when a new bar begins, then opens a position with specified stop-loss and take-profit levels. It does not use a trailing stop and allows at most one open position at a time.

When a signal points in the opposite direction from an existing position, the EA closes that position. The working timeframe is an optimization parameter, so the strategy can be evaluated across different bar intervals. The document provides no definition of the iVIDyA indicator, entry-signal logic, parameter values, markets, backtest results, or risk analysis. Its description therefore explains the EA’s trade management and signal timing, but is insufficient to assess whether its signals have an edge or how it performs under real trading costs.

Key ideas

• The EA checks for an iVIDyA signal only at the start of a new bar.
• Each position uses a specified stop loss and take profit, with no trailing stop.
• The system allows at most one open position and closes it when an opposite signal appears.
• The working timeframe can be varied as an optimization parameter.
• The document does not explain the indicator’s signal logic or provide performance evidence.

Tags

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