Skip to content
All library documents

Trading RMACD Zero-Line and Signal Changes with ColorNonLagDotMACD

Article MQL5 code base
Read the original

Summary

This document describes an Expert Advisor that generates trades from the ColorNonLagDotMACD histogram. It forms a signal at bar close when the RMACD histogram crosses zero, its direction or signal line changes, and the histogram crosses its signal line. Which signal conditions apply depends on a selectable mode parameter.

The document identifies the indicator dependencies and reports that tests were run on USD/CHF four-hour data for 2011 using default inputs. Stop-loss and take-profit orders were not used in those tests. It refers to chart illustrations of trade history and test results, but includes no numerical performance statistics or discussion of robustness. The description therefore conveys the entry-signal concept while leaving profitability, drawdown, execution assumptions, and behavior across other markets or periods unestablished.

Key ideas

  • The Expert Advisor bases trades on signals from the ColorNonLagDotMACD histogram.
  • Signals are evaluated at bar close and may involve zero-line crossings, direction or signal-line changes, and histogram crossings of its signal line.
  • A mode setting determines which signal conditions are used.
  • The cited test covers USD/CHF four-hour data in 2011 and uses no stop-loss or take-profit orders.
  • No numerical performance statistics or robustness evidence are provided.

Tags

ForexTechnical indicatorsBacktestingRisk management

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