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MACD Histogram and Cloud Signals for Expert Advisor Entries

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Summary

This Expert Advisor takes trades from signals generated by the MACD-2 indicator. A signal is evaluated when a bar closes. Depending on the selected trend mode, entry can follow a histogram crossing of the zero line, a change in histogram direction, or a change in the indicator cloud’s color. The EA depends on a separately compiled indicator file, and the description also mentions a library intended to support brokers with nonzero spreads and simultaneous stop-loss and take-profit placement.

The document reports a test on USDJPY using six-hour bars for 2014 and says that the displayed tests used the default EA settings without stop-loss or take-profit levels. It supplies no numerical performance statistics or enough test details to assess robustness, costs, or out-of-sample behavior. The reported chart therefore illustrates one historical test rather than establishing that the signal works across markets or periods.

Key ideas

  • The EA generates entries from the MACD-2 indicator when a bar closes.
  • Trend mode determines whether entries respond to a zero-line break, a histogram direction change, or a cloud color change.
  • The EA requires the compiled MACD-2 indicator and references a trading library for broker compatibility.
  • The described historical test used USDJPY six-hour bars in 2014 with default settings and no stop-loss or take-profit.
  • The document gives no numerical metrics or evidence of robustness beyond the illustrated test.

Tags

ForexTechnical indicatorsMomentumBacktesting

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