Schaff and RVI Trend Cycle Breakout Expert Advisor

Summary

This Expert Advisor takes signals from the ColorSchaffRVITrendCycle oscillator when it crosses into or out of overbought or oversold territory, with the signal confirmed at bar close. The description therefore presents a threshold-break strategy based on oscillator position changes, rather than explaining the underlying indicator calculation or trade sizing rules.

The document names a required compiled indicator and supporting trade library, and cites a test on GBP/JPY four-hour bars for 2014 using default inputs. It says the displayed test omitted stop loss and take profit settings. The actual chart and test results are not included in the text, so it provides no measurable performance evidence. Its single market and timeframe reference, together with the absence of stated exit controls, limits what can be concluded about robustness or risk.

Key ideas

• The Expert Advisor signals when the oscillator crosses overbought or oversold thresholds.
• Signals are formed when a bar closes after a level breakthrough.
• The system requires a separately compiled indicator to run.
• The cited test covers GBP/JPY on four-hour bars in 2014 and used no stop loss or take profit.

Tags

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