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Trading KWAN_RDP Indicator Direction Changes with an Expert Advisor

Article MQL5 code base
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Summary

This document describes an automated strategy that trades changes in the KWAN_RDP indicator’s direction. A signal occurs when the indicator changes color at a bar’s close, providing the entry trigger for the expert advisor. The indicator file must be available in the platform’s indicators folder for the advisor to run.

The notes mention a GBPJPY four-hour backtest covering 2016 and state that the default advisor inputs were used. Stop loss and take profit were omitted from that test. No numerical performance results or detailed evaluation are included in the supplied text, so the evidence is limited to the existence of a test chart reference. Results may also depend on broker support for the stated order and spread requirements.

Key ideas

  • A trade signal is generated when KWAN_RDP changes direction at a bar close.
  • The strategy relies on the indicator being installed for the expert advisor to operate.
  • The described test used GBPJPY four-hour data from 2016 and default inputs.
  • Stop loss and take profit were not used in the reported test.
  • The supplied notes do not include numerical performance results.

Tags

ForexTechnical indicatorsBacktesting

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