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JBrainTrend1Stop EA: Adding to Positions After Trend Signals

Article MQL5 code base
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Summary

This trading system uses a color change in the JBrainTrend1Stop indicator at bar close as its entry signal. It adds to an existing trend-following position when open profit, measured in points, passes a threshold set in the Expert Advisor inputs. Position comments record the number of additions, the latest trade price, and the latest trade volume.

The cited test uses the default EA inputs on GBP/USD four-hour data for 2015, without stop-loss or take-profit settings. The document refers to chart examples and test results but provides no numerical performance statistics in the text, so the strategy's profitability and risk cannot be assessed from this description. It also depends on the specified compiled indicators being available in the trading platform.

Key ideas

  • A bar-close color change in JBrainTrend1Stop triggers a trade signal.
  • The EA increases position size after profit exceeds a configurable point threshold.
  • Position comments store addition count, latest trade price, and latest trade volume.
  • The cited GBP/USD four-hour test for 2015 used no stop-loss or take-profit settings.
  • The text does not provide numerical performance evidence.

Tags

ForexTrend followingPosition sizingBacktesting

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