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Trading System on XRSI Histogram Breakouts

Article MQL5 code base
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Summary

This document describes an Expert Advisor that trades signals from the XRSI_Histogram_Vol indicator. It enters when a completed bar breaks an overbought or oversold threshold. The two thresholds are treated as separate signal strengths, each with its own order identifier and position size, with the stronger signal assigned a larger share of the deposit.

The document notes that the indicator’s compiled file must be installed in the platform’s indicators folder for the EA to run. It refers to example trades and a 2017 USDJPY H4 test, but provides no numerical performance statistics in the text. The tests used default EA inputs and omitted stop loss and take profit, so the cited example does not establish how the system performs with risk controls, on other markets, or outside that period.

Key ideas

  • The EA acts on threshold breaks confirmed at bar close.
  • It distinguishes normal and strong signals with separate order identifiers and position sizes.
  • The XRSI_Histogram_Vol indicator file is required for the EA to operate.
  • The cited USDJPY H4 test covers 2017 and omits stop loss and take profit.

Tags

ForexTechnical indicatorsBreakoutPosition sizingBacktesting

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