LeManTrendHist Expert Advisor: Trading Histogram Direction Changes

Summary

This MetaTrader expert advisor trades from the LeManTrendHist indicator. A signal is generated when a bar closes and the indicator histogram changes direction, so decisions are tied to completed bars rather than intrabar moves. The advisor requires the compiled indicator file to be installed in the platform’s indicator directory.

The page says its displayed tests used the default expert-advisor inputs and did not use stop-loss or take-profit settings. It identifies a 2014 test on USDJPY using four-hour bars, but the supplied text contains no numerical performance statistics or methodological details beyond that description. Because the signal depends on an external indicator and the test omits protective exit settings, the page alone is insufficient to assess robustness, transaction costs, or risk-adjusted performance.

Key ideas

• The advisor uses changes in the LeManTrendHist histogram direction as its trading signal.
• Signals are formed at bar close.
• The strategy depends on a separately compiled indicator file.
• The described USDJPY four-hour test used default inputs and no stop-loss or take-profit settings.
• The provided text lacks performance metrics needed to judge the strategy.

Tags

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