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Trading Bar-Close Signals from a Volume-Weighted Moving Average Indicator

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Summary

This document describes an Expert Advisor that trades signals from a volume-weighted moving-average indicator. It enters when a bar closes with a newly colored signal, following a bar with the opposite color or no color. The approach therefore uses a change in the indicator’s bar coloring as its entry trigger.

The document refers to a historical test on GBPUSD at the H4 timeframe in 2015, using the EA’s default inputs. It says the test did not use stop loss or take profit, but provides no numerical performance statistics or detail about costs, risk, or robustness. The indicator must be installed separately for the EA to run. The material outlines a signal rule and a test context, but is too brief to establish that the system is profitable or generalizes beyond that example.

Key ideas

  • The EA opens trades when a newly colored bar closes after a bar of the opposite color or no color.
  • The signal comes from a volume-weighted moving-average indicator.
  • A historical test is referenced for GBPUSD on the H4 timeframe in 2015.
  • The stated test used default inputs and omitted stop loss and take profit.
  • No performance metrics or robustness analysis are provided.

Tags

ForexTechnical indicatorsBacktesting

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