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Trading on Instantaneous Trend Filter Cloud Color Changes

Article MQL5 code base
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Summary

This Expert Advisor uses the Instantaneous Trend Filter indicator to generate entries. It acts when the indicator cloud changes color, with the signal confirmed as a bar closes after the oscillator crosses its signal line. Running the EA requires the separately compiled indicator file.

The document reports a test on USDJPY using a two-hour chart for 2014 and says the displayed test used default EA settings. Stop loss and take profit were not used in that test. No numerical performance measures or risk analysis are supplied, so the results cannot establish profitability or robustness. The brief description also leaves position sizing, exit rules, and behavior across other markets and periods unspecified.

Key ideas

  • The EA enters when the trend-filter cloud changes color after an oscillator crosses its signal line.
  • Signals are evaluated at bar close.
  • The EA depends on a separately compiled indicator file.
  • The cited test covers USDJPY on a two-hour chart in 2014 with default settings and no stop loss or take profit.
  • The document supplies no performance metrics or evidence of generalization.

Tags

ForexTechnical indicatorsBacktesting

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