Three-Bar Trend Signals for Scheduled Expert Advisor Entries

Summary

This short description outlines an Expert Advisor that classifies market direction from the most recently completed three bars. The trader sets a time for the analysis; the system examines the three bars preceding that time and identifies an upward or downward trend. It then opens a position either in the detected trend direction or against it, depending on whether reversed mode is selected. The text also suggests the approach may be used around scheduled news events.

The document states that testing was performed on EUR/USD at a 30-minute interval using real-tick simulation. However, it provides no test results, entry or exit details, risk controls, position sizing, or comparison against a baseline. It does not explain how the bars are translated into a trend classification, so the signal cannot be assessed or reproduced from this description alone. In particular, the brief mention of news trading does not establish that the method handles news-related gaps, spreads, or slippage effectively.

Key ideas

• The Expert Advisor identifies direction from the three latest completed bars before a trader-selected analysis time.
• It can enter either with the detected trend or in the opposite direction through a reversed setting.
• The description mentions possible use around news events but provides no supporting analysis.
• Testing is reported for EUR/USD on a 30-minute chart with real-tick simulation, but no performance figures are included.
• Signal rules, exits, and risk controls are not specified in the document.

Tags

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