Separating Long and Short Trades in a ColorMaRsi Expert Advisor

Summary

This Expert Advisor runs separate long and short systems using signals from the ColorMaRsi-Trigger indicator. Each side has its own magic number, position sizing settings, and switches for enabling entries and exits, allowing its parameters to be configured independently. The document recommends testing each side separately because rising and falling markets may call for different settings.

The article reports tests on USDJPY at the four-hour interval over 2017, including examples with symmetric and asymmetric settings. The tests used default parameters and omitted stop-loss and take-profit orders. No detailed performance figures or evaluation of robustness are provided, so the examples do not establish that the approach is profitable or generalizable. The EA also depends on a separately compiled indicator file being installed in the platform’s indicator directory.

Key ideas

• The EA has distinct long and short systems with independent settings.
• Each system can be enabled or disabled to test its behavior separately.
• The article argues that market asymmetry may justify different long and short parameters.
• The reported USDJPY test omitted stop-loss and take-profit orders.

Tags

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