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PA_Oscillator Zero-Crossing and Histogram Color Signals

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Summary

This document describes an Expert Advisor that trades from the PA_Oscillator indicator. A signal is evaluated at bar close and requires both a break through the indicator’s zero level and a change in histogram color. It also notes that the EA depends on a separately compiled indicator file and a trading library that supports brokers with nonzero spreads and placing stop loss or take profit alongside an order.

The document cites a USDJPY H8 test for 2014, with default EA inputs and no stop loss or take profit, but supplies no numerical performance measures or detailed test methodology. The example therefore gives little basis for judging profitability or robustness. Its signals, instrument, timeframe, and test settings are the main useful details; the results should not be generalized to other markets or periods.

Key ideas

  • The EA evaluates signals when a bar closes.
  • A trade signal requires a zero-level break and a histogram color change.
  • The EA requires the compiled PA_Oscillator indicator and a trading library for order handling.
  • The cited test used USDJPY on an H8 chart in 2014 with default inputs and no stop loss or take profit.

Tags

ForexTechnical indicatorsBacktesting

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