ThreeCandles Indicator Bar-Close Trading System
Summary
This document describes an Expert Advisor that trades signals from the ThreeCandles indicator. It opens a trade when a colored indicator candle appears at the close of a price bar. The EA depends on a compiled indicator file, and a supporting library is mentioned for brokers that require spread handling or simultaneous stop-loss and take-profit placement.
The document refers to test results for EUR/USD on a six-hour chart during 2015, using default EA inputs and no stop loss or take profit. It provides no numerical performance statistics or detailed analysis of those results, so their strength and reliability cannot be assessed. The described setup is therefore a basic indicator-driven example, with limited evidence about risk control or performance beyond the cited test period and market.
Key ideas
- The EA generates a trade signal when a colored ThreeCandles indicator bar appears at bar close.
- The system requires the compiled indicator to be installed in the platform's indicator folder.
- A supporting library is described as enabling compatibility with nonzero spreads and attached stop-loss and take-profit settings.
- The cited test used EUR/USD on a six-hour timeframe in 2015, with 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.