LeManTrend Crossover Entries in a USDJPY Expert Advisor

Summary

This document outlines an Expert Advisor that uses the LeManTrend oscillator. It generates a signal when a bar closes with a crossover between the oscillator’s main and signal lines. The description specifies the signal condition but does not explain how the EA sizes positions, manages exits, or handles risk beyond optional stop-loss and take-profit settings.

The document mentions testing with default EA inputs on USDJPY at the four-hour timeframe for 2014, and says those tests did not use stop-loss or take-profit orders. It refers to chart examples and a test-results chart, but supplies no numerical performance measures or details about costs, execution assumptions, or robustness across other periods and markets. The EA also depends on a compiled indicator file, and a separate library is cited for broker compatibility and order protection settings. The stated test is therefore limited evidence for a crossover-based system, not proof that it will perform well in live trading.

Key ideas

• The EA signals when LeManTrend’s main and signal lines cross at bar close.
• The described test used USDJPY on a four-hour chart during 2014.
• The test used default EA inputs and omitted stop-loss and take-profit orders.
• The document gives no numerical performance statistics or broader robustness analysis.
• The EA requires the compiled LeManTrend indicator to run.

Tags

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