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Reversal Signals from the iAnchMom Histogram Direction

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Summary

This Expert Advisor trades reversals in the direction of the iAnchMom indicator histogram. It generates a signal when a completed bar shows a change in the histogram's direction, making the bar close the stated decision point. The document describes the signal rule and notes that the EA depends on a separately compiled indicator file to operate.

The page refers to test results for GBPJPY on an eight-hour chart during 2014 and says the displayed tests used default inputs without stop-loss or take-profit settings. It provides no numerical performance measures in the text, so profitability, drawdown, and robustness cannot be assessed from this description. The results are limited to one currency pair, timeframe, and historical period, and the dependence on an external indicator and trading library affects reproducibility.

Key ideas

  • The EA signals when a completed bar marks a change in the iAnchMom histogram's direction.
  • The strategy is framed as trading indicator reversals rather than continuation signals.
  • The EA requires a separately compiled iAnchMom indicator to run.
  • The cited test covers GBPJPY on an eight-hour chart in 2014, using default inputs and no stop loss or take profit.
  • The document gives no numerical performance data or evidence of robustness across markets and periods.

Tags

ForexTechnical indicatorsMean reversionBacktesting

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