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RMACD Histogram Signals for EURJPY Trading

Article MQL5 code base
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Summary

This document describes an Expert Advisor that trades from the ColorRMACD histogram. Depending on its selected mode, it can act when the histogram crosses zero, when the histogram or signal line changes direction, or when the histogram crosses the signal line. Signals are evaluated at bar close, so the method relies on completed-bar indicator values rather than intrabar changes.

The document refers to a test on EURJPY four-hour bars for 2011 and shows trade history and a results chart, but gives no numerical performance statistics or analysis of the test. The reported test used default inputs and no stop loss or take profit. Those omissions make it difficult to judge profitability, drawdown, transaction costs, or robustness. The strategy also depends on the specified indicator files and the chosen signal mode, so results may vary with implementation and settings.

Key ideas

  • The Expert Advisor bases entries on the ColorRMACD histogram and signal line.
  • Signals are assessed at bar close using configurable trigger conditions.
  • The described test covers EURJPY four-hour data for 2011 and uses default inputs.
  • The test did not use stop loss or take profit, and the document supplies no numerical performance measures.

Tags

ForexTechnical indicatorsBacktesting

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