SilverTrend Cloud-Color Change Entry System
Summary
This document describes an Expert Advisor that trades signals from the SilverTrend_CrazyChart indicator. It enters when a bar closes and the indicator cloud changes color, using that change as a directional signal. The document notes that the compiled indicator file must be installed in the platform’s indicator folder for the EA to run.
A test is mentioned for GBPJPY on the four-hour timeframe during 2016, using the EA’s default inputs. Stop loss and take profit were disabled in those tests. The document provides no performance figures or discussion of costs, robustness, parameter sensitivity, or out-of-sample results, so it offers little basis for assessing profitability. The strategy’s description is brief and leaves trade exits and risk controls unspecified.
Key ideas
- The EA generates a signal when a bar closes and the indicator cloud changes color.
- The system depends on the SilverTrend_CrazyChart indicator being available to the trading platform.
- A GBPJPY four-hour test for 2016 is referenced, but no numerical results are provided.
- Stop loss and take profit were not used in the described test.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.