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Trading Delta_WPR Histogram Color Changes on Bar Close

Article MQL5 code base
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Summary

This Expert Advisor uses changes in the Delta_WPR indicator histogram to generate trades. A signal is recognized when a bar closes and the histogram changes to a blue or orange trend color. The document identifies the indicator file needed by the EA and notes that a trading library supports brokers with nonzero spreads and stop-loss or take-profit settings submitted with position opening.

The text refers to a GBPUSD four-hour test for 2015 using default EA inputs, but supplies no numerical performance statistics in the provided material. It says that stop loss and take profit were not used in those tests, which limits what they can show about risk-managed trading. The described rule is dependent on the indicator's color logic, and the document does not explain that calculation or provide evidence that the approach is robust across markets or periods.

Key ideas

  • The EA trades when the Delta_WPR histogram changes to a trend color at bar close.
  • The strategy requires the compiled Delta_WPR indicator to be installed in the terminal.
  • A trading library is described as supporting nonzero spreads and stop-loss or take-profit settings at entry.
  • The document references a GBPUSD four-hour test for 2015 but gives no numerical results here.
  • Stop loss and take profit were not used in the referenced tests.

Tags

ForexTechnical indicatorsBacktesting

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