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Multi-Timeframe Expert Advisor Using Regression Indicator Breaks

Article MQL5 code base
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Summary

This document describes an Expert Advisor that combines an indicator signal from three timeframes: M1, M5, and H1. The H1 indicator value selects the permitted position direction, either buying or selling. The two shorter timeframes then provide entry confirmation through price breaks of the indicator bands. A buy requires breaks of the lower line on both M1 and M5, while a sell requires breaks of the upper line on both.

The text identifies the indicator and the roles of each timeframe, but provides no code details beyond the signal rules, no exit or position-sizing method, and no backtest or live-trading evidence. The suitability of the approach therefore cannot be assessed from this description alone; indicator settings, execution behavior, and risk controls are unspecified.

Key ideas

  • The H1 indicator signal determines whether the system may open a long or short position.
  • The M1 and M5 charts both require a confirming break of an indicator line.
  • Long entries use lower-line breaks, while short entries use upper-line breaks.
  • The description omits exits, risk controls, indicator settings, and performance evidence.

Tags

Multi-assetTechnical indicatorsExecution

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