Trading VWAP Direction Changes with a Closing-Bar Signal

Summary

This document describes an Expert Advisor that trades changes in the direction of a VWAP_Close moving-average indicator. A signal is evaluated when a bar closes, so the stated trigger is based on a completed bar rather than an intrabar move. The program depends on a separately compiled indicator file and includes a supporting library intended to accommodate brokers with nonzero spreads and simultaneous stop-loss and take-profit settings.

The page refers to example trades and a test on EURUSD using an eight-hour timeframe over 2014. It says the displayed test used the default inputs and did not use stop loss or take profit, but supplies no readable performance figures, benchmark, execution assumptions, or robustness analysis. The described evidence is therefore too limited to establish profitability or suitability across markets. The core reusable idea is the signal rule; the document does not explain how VWAP_Close is calculated or discuss position sizing, transaction costs, or risk controls in the cited test.

Key ideas

• The strategy enters based on a change in VWAP_Close direction detected at bar close.
• The Expert Advisor relies on a separately installed compiled indicator.
• The cited example tests EURUSD on an eight-hour chart during 2014 using default inputs.
• The reported test omitted stop loss and take profit, and the document gives no detailed performance statistics.
• The signal description alone does not establish robustness or profitability.

Tags

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