Trading Bar-Close Signals from the iRSISign Indicator

Summary

This document describes an Expert Advisor that trades from signals produced by the iRSISign indicator. A signal is generated when the indicator displays a colored icon at a bar’s close. The strategy therefore uses the indicator’s signal as its entry trigger; the document does not explain how iRSISign calculates its signals or specify additional entry filters.

The stated test used the Expert Advisor’s default inputs on EURUSD hourly data for 2015. Stop loss and take profit were disabled in that test, and the document refers to a deal history and a results chart without providing their underlying figures or a discussion of performance. It also notes that the compiled indicator file is required and that a supporting library can accommodate brokers with nonzero spreads and orders that include protective levels. The limited description and absent numerical results make it impossible to assess profitability, risk, robustness, or whether the reported example accounts for realistic trading costs.

Key ideas

• The Expert Advisor acts when the iRSISign indicator displays a colored icon at a bar’s close.
• The document does not describe the indicator’s calculation or give further signal filters.
• The example test used EURUSD hourly data for 2015 and the default inputs.
• Stop loss and take profit were not used in the reported test.
• The document provides no numerical performance figures for evaluating the results.

Tags

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