MBKAsctrend3 Trend-Reversal Signals and a USDCHF Test

Summary

The document describes an Expert Advisor that trades changes in trend direction indicated by MBKAsctrend3. It enters when a new indicator arrow appears, with the signal acted on at the bar close. The indicator can be displayed automatically on the chart and uses the same input settings as the Expert Advisor; it appears only when its timeframe matches the chart.

The document reports a historical test on USDCHF using four-hour bars for 2011 and the default Expert Advisor settings. Stop loss and take profit were not used. It refers to a chart of deal history and a test-results chart, but provides no numerical performance statistics or detailed evaluation. The example therefore explains the signal mechanism and test setup, but offers limited evidence about profitability or risk. Results from a single currency pair and period cannot establish how the approach performs in other markets or conditions.

Key ideas

• The Expert Advisor signals trades when MBKAsctrend3 displays a new trend-direction arrow at bar close.
• The indicator can be added to the chart automatically when its timeframe matches the chart.
• The reported test used default settings on USDCHF four-hour bars for 2011.
• The test omitted stop loss and take profit, and the document gives no numerical performance measures.

Tags

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