Trading i_Trend Cloud-Color Changes with an Expert Advisor

Summary

This MetaTrader 5 Expert Advisor trades signals from the i_Trend oscillator. A signal is generated when a bar closes and the indicator cloud changes color, making the method dependent on confirmed bar-close changes rather than intrabar movement. Running the advisor requires a separately compiled indicator file, and an additional trading library is described as supporting brokers with nonzero spreads and simultaneous stop-loss and take-profit settings.

The document mentions chart examples and reports a test on GBPJPY four-hour data for 2014 using default inputs. It says stop loss and take profit were not used in those tests, but provides no numerical performance measures or enough information to assess robustness, costs, or risk. The single market and period shown are limited evidence, and results may not generalize. The description explains the signal and setup dependencies but does not provide a full rule set for exits or position sizing.

Key ideas

• The Expert Advisor uses i_Trend oscillator signals triggered by a cloud-color change at bar close.
• The system requires a compiled indicator file in the platform's indicator directory.
• The cited test uses GBPJPY four-hour data for 2014 and default inputs.
• Stop loss and take profit were absent from the described test.
• The document gives no numerical performance measures or complete risk-management rules.

Tags

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