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LSMA Angle Breakout Signals for Entry and Zero-Crossing Exits

Article MQL5 code base
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Summary

The Expert Advisor uses the LSMA Angle histogram to generate signals at bar close. It opens a position when the histogram breaks through an overbought or oversold level, then closes the position when the histogram crosses the zero level. This defines a threshold breakout entry and a zero-line exit rule.

The document reports that the example tests used default inputs on USDJPY four-hour bars for 2014, with no stop loss or take profit. It does not provide numerical performance measures in the text, and the chart-based results cannot establish robustness or current profitability. Running the advisor also requires the compiled LSMA Angle indicator and a supporting trade algorithms library for certain broker execution features.

Key ideas

  • The strategy enters on a bar-close break of an overbought or oversold LSMA Angle level.
  • It exits when the histogram crosses zero at bar close.
  • The cited test used USDJPY four-hour data from 2014 and omitted stop loss and take profit.
  • The advisor depends on a separately compiled indicator and a supporting library.

Tags

ForexTechnical indicatorsBreakoutBacktesting

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